The cryptocurrency Firo (formerly known as Zcoin) is a privacy-focused and decentralized cryptocurrency. It was created in 2016 by a team of developers led by Poramin Insom, a security and cryptography expert. Firo’s goal was to provide an alternative to Bitcoin with a greater focus on privacy, especially in financial transactions. Firo uses the Merkle Tree Proof (MTP) privacy protocol, developed by the team, to enable confidential transactions, preventing the exposure of information about senders and recipients.
Firo’s major milestone was its rebranding from Zcoin to Firo in 2020, as part of a rebranding and a strategy to distance the currency from any association with illicit activities, as Zcoin has sometimes been associated with this perception due to its focus on anonymous transactions. Firo, as a privacy platform, is distinguished by its innovative technical approach to privacy and security, as well as strong community involvement in its development.
Firo continues to be one of the most prominent privacy-focused cryptos, offering users confidential transactions while seeking to attract wider adoption through the integration of its technology with different financial platforms and services.
