Zero PriceZERInactive

What is Zero (ZER)?

Zero (ZER) is a privacy-focused cryptocurrency that launched on February 19, 2017. It is a public blockchain built on Zcash's technology and Bitcoin Core's battle-tested codebase, designed to deliver total payment confidentiality while maintaining a decentralised network. At the core of Zero's technology is the use of zero-knowledge proofs, specifically zk-SNARKs (zero-knowledge succinct non-interactive arguments of knowledge), which allow transaction data to be validated without revealing the amount or the parties involved. Zero is an implementation of the "Zerocash" protocol and aims to combine Bitcoin's security with Zcash's anonymity and privacy. The project has no ICO and no premine, and it operates on a Proof of Work consensus mechanism. With a maximum supply of 17 million ZER and a circulating supply of approximately 14.65 million ZER, Zero maintains a low emission rate that degrades over time, with a stable supply of 3,888 ZER after the first halving. Zero positions itself as a fully working product with features not found in many other cryptocurrencies, and its team emphasises transparency and an interactive relationship with the community.

Key Specifications & Tokenomics

• Name: Zero
• Ticker / Symbol: ZER
• Consensus: Proof of Work (PoW)
• Algorithm: Equihash with alternative parameters requiring 8GB GPU RAM
• Privacy Technology: zk-SNARKs, Zerocash protocol, shielded transactions
• Blockchain Type: Public blockchain based on Zcash and Bitcoin Core
• Launch Date: February 19, 2017
• Genesis Block Hash: 068cbb5db6bc11be5b93479ea4df41fa7e012e92ca8603c315f9b1a2202205c6
• Max Supply: 17,000,000 ZER
• Circulating Supply: Approximately 14.65 million ZER
• Circulating Supply Percentage: 86.19%
• Development Fund: 0.405 ZER per block pre-halving, 291.6 ZER per day (approximately 7.5%)
• Category: Privacy, Avalanche Ecosystem, PoW
• Official Website: zerocurrency.io
• Explorer: insight.zeromachine.io
• GitHub Repository: https://github.com/zerocurrencycoin/Zero

Who created Zero?

Detailed public information about the specific founders or core team members behind Zero is currently limited. What is known is that Zero is an open-source protocol built by a security-specialised engineering team. The project is maintained through a GitHub repository forked from tearodactyl/z18, and the team emphasises transparency and community interaction as core values. The project's development is driven by a community of contributors, miners, and supporters who participate in the network and provide feedback. The GitHub repository has accumulated 23 stars, 21 forks, and over 13,000 commits on the master branch, indicating ongoing development activity. The team's stated focus is to remain as transparent as possible and maintain an interactive relationship with everyone involved, being fully open about the project and listening to suggestions from investors, miners, and supporters.

How does Zero work?

Zero operates as a decentralised peer-to-peer network secured by Proof of Work consensus. Users can generate ZER tokens through mining, which involves solving computational puzzles using the Equihash algorithm with alternative parameters that require a GPU with 8GB of RAM. The network validates transactions and adds them to the blockchain, with miners receiving block rewards. Zero's privacy features are powered by zk-SNARKs, a sophisticated zero-knowledge proving scheme that preserves the confidentiality of transaction metadata. This allows transactions to be verified without revealing the sender, receiver, or amount involved. The ZERO node software downloads and stores the entire transaction history of the network, which is approximately 2GB in size. Depending on computer speed and network connection, the synchronisation process could take several hours. The project is based on Bitcoin Core's battle-tested codebase and Zcash's technology, combining proven security with advanced privacy features. Nodes running release 3.3.1 will automatically shut down in ten years (June 2032) as part of the deprecation policy.

What makes Zero unique and valuable?

Zero distinguishes itself through several key features. First, it offers shielded transactions that provide complete payment confidentiality while maintaining a decentralised public blockchain. Second, the project has no ICO and no premine, meaning there was no initial token sale or pre-allocation of tokens to founders or early investors. Third, Zero is ASIC resistant, making mining more accessible to individual participants using GPU hardware rather than specialised mining equipment. Fourth, the project claims very high mining profitability, often ranking among the most profitable cryptocurrencies to mine. Fifth, Zero provides fast transactions with zero transaction costs. Sixth, the project is built on Bitcoin Core's battle-tested codebase, inheriting security and reliability. Seventh, Zero implements the Zerocash protocol with zk-SNARKs, representing a sophisticated approach to privacy that preserves confidentiality of transaction metadata. The project's focus on technological freedom through decentralisation, open source code, and true peer-to-peer technology positions it as a privacy-focused cryptocurrency that treats privacy as a fundamental human right.

What is Zero used for?

Zero (ZER) is primarily used as a medium of exchange that prioritises privacy and confidentiality. Users can send and receive ZER tokens with shielded transactions that hide transaction details from public view. The cryptocurrency enables decentralised payments without intermediaries, allowing peer-to-peer transactions that preserve financial privacy. ZER tokens can be mined by participants who contribute computational resources to secure the network. The token also serves as a store of value within the privacy-focused cryptocurrency ecosystem. Additionally, ZER can be traded on various cryptocurrency exchanges and converted to other digital assets or fiat currencies through supported trading pairs. The network supports fast transactions with zero transaction costs, making it suitable for everyday payments where privacy is a concern. As a privacy coin, Zero appeals to users who value financial confidentiality and decentralisation in their digital transactions.

How Is the Zero ecosystem developing?

The Zero ecosystem is supported by an active community of developers, miners, and supporters who contribute to the project's growth and development. The project maintains an open-source repository on GitHub with over 13,000 commits, indicating continuous development activity. Zero is traded on multiple active markets and has price pages across various cryptocurrency data platforms. The project has community presence through BitcoinTalk announcement threads, a CoinMarketCap community page, and social media channels. The development team focuses on maintaining transparency and fostering an interactive relationship with the community. The ecosystem includes mining infrastructure supported by GPU miners who participate in securing the network. The project's roadmap emphasises technological freedom through decentralisation, open source code, and peer-to-peer technology. As a privacy-focused cryptocurrency, Zero continues to develop its technology stack while engaging with its community for feedback and suggestions.

How to mine Zero?

Mining Zero requires a GPU with at least 8GB of RAM due to the Equihash algorithm's alternative parameters. The mining process involves solving computational puzzles to validate transactions and add new blocks to the blockchain. Miners receive block rewards in ZER tokens for their contributions to network security. The project is designed to be ASIC resistant, meaning specialised mining hardware cannot be used, which levels the playing field for individual miners using consumer-grade GPU hardware. Zero is often cited as one of the most profitable cryptocurrencies to mine, offering competitive returns for mining participants. To begin mining, users need to set up the appropriate mining software, join a mining pool or mine solo, and configure their hardware to connect to the Zero network. The low emission rate and halving schedule mean that block rewards decrease over time, with a stable supply of 3,888 ZER after the first halving. The development fund receives 0.405 ZER per block pre-halving, which amounts to 291.6 ZER per day, representing approximately 7.5% of block rewards.

How to keep your Zero Coin safe?

Keeping Zero coins safe requires following established cryptocurrency security practices. Users should store their ZER tokens in secure wallets that support the cryptocurrency, ensuring private keys are kept confidential and backed up properly. Hardware wallets provide enhanced security for long-term storage by keeping private keys offline. For active trading or transactions, software wallets offer convenience but should be protected with strong passwords and two-factor authentication where available. Users should be cautious of phishing attempts and only download wallet software from official sources. The Zero network's shielded transaction feature adds an extra layer of privacy and security by concealing transaction details on the blockchain. Regular software updates ensure wallets have the latest security patches. Since Zero is experimental and a work in progress, users should exercise caution and only invest what they can afford to lose. Important security warnings are available on the project's Security Information page, and users should stay informed about best practices for cryptocurrency security. Before participating in the network, users should research their local regulations as cryptocurrency laws vary by jurisdiction.