Firo versus Zcash

We're talking about two privacy coins, but they've got totally different takes on privacy. Firo, which used to be Zcoin, is like Zcash's twin but with its own unique spin. It uses this cool trustless privacy method called "Lelantus Spark". On the flip side, Zcash relies on zero-knowledge proofs but feels a bit more like a "corporate coin" since it’s kind of backed by businesses and has a company (Electric Coin Company) running the show. Firo feels more like a project for the community, but not many people know about it in the crypto world. Right now, ZEC is trading in the triple digits while Firo is under a buck. When it comes to privacy, these two are pretty close. So, which one do you think takes the crown? I’m curious about your thoughts on the privacy tech behind each. Do you see any future for Firo? If not, what’s holding it back? Would love to hear what you guys think.

First time hearing something called Firo and the liqudity too. Some of the things that make me sure Firo is actually hopeless after looking at it briefly : - Listed on mexc only - Low liqudity - Is not even getting trickle down pump effect from the privacy coin hype. - Nobody even know this coin exist.

I believe that there are more people who are more expert than me in comparing the technology behind it, therefore, I came to the conclusion that assets with higher capitalization are better in the majority. ZCash (ZEC) is ranked #12 on Coinmarketcap, while Firo (FIRO) is ranked even further down, at #852. My blind assessment, $ZEC is better than $FIRO from the technology side. Image Source: Marketcapof My answer would be different if we discuss it from another perspective, what I mean is the potential & financial perspective.

My first time of hearing Firo, as a token, and even as a privacy coin even. ZEC had been in the space doing numbers and experiencing major increase over time making waves up and down. Just got to look at the 24Hours trading volume of Firo and ZEC on coingecko, the difference is clear. Firo $281,056 ZEC $371,732,528 I think Firo is already a dead project operating over 9 years now, mexc only the popular centralized exchange that carries it. I choose ZEC based on the above analysis.

If ZEC is also considered a privacy coin, it has the highest marketcap among all privacy coins. It was XMR that has the highest marketcap before, but ZEC took over this year or maybe last year. ZEC marketcap is over $7 billion. FIRO marketcap is $13.20 million. There is a clear difference there.

If it's about privacy there's 2-3 distinct coins I'm currently keeping an eye on (Nockchain, ZAMA, and Octra) I'm interested more on Octra which uses Hypergraph Fully Homomorphic Encryption and even Vitalik says a lot about FHE which you can read here: https://vitalik.eth.limo/general/2020/07/20/homomorphic.html Marketcap wise I think ZEC will monopolized all of it but I think some of these coins will probably get a piece at least.

I'm following the rule "the more volume owned by coin, the better it." So the answer is obvious zcash is absolutely better compared to Firo. Zcash is already proven to be one of proper privacy coin that exist in crypto. Many people used it. So its tech already proven. If Firo has better tech than zcash, they would have greater vol and users than Zcash. It's like that. In term of tech. I don't much different between both. Trustless might be the main concern, but since Zcash already implemented its Halo prooving system on its tech. So zcash is also trustless same as Firo.

ZEC is clearly more used, and more famous. But trading volume of all things is really bad indicator to analyze anything. It could just mean that coin with larger market cap is more believable vehicle to use piggybacking more fake volume and that's handy when it comes to money laundering. Bigger buy orders (from real market makers) in combined orderbooks are giving more honest data. I don't have enough technical knowledge to compare their tech, and i don't know much about Firo's developers, but i don't believe in idea that better tech would automatically have more users and more volume. Don't believe me? look up "Videotape format wars". Superior tech doesn't always win, as consumers don't always want it. They are willing to suffer lack of quality for quantity. There are way more effective ways to compare different coins on what's "best", especially when we don't even know what OP means by best. Firo has technically more upside when it comes to market cap, as it has more room to grow. Question is if it has any reason to grow.

I mined this coin before with old GPUs around 2018 if I remember correctly; I sold them at $32 each after the price dive to the bottom again. I stopped mining them. For FIRO, it does not have so much liquidity right now, and it seems it's gradually dying after most exchanges delisted most of the privacy coins. This coin isn't known; I just saw this coin recommended on WhatToMine or similar before as profitable to mine. That's why I mine this coin. If we compare this to ZEC, ZEC is likely to outperform FIRO. ZEC currently mines using ASICs, which helps to secure the network in comparison to FIRO, which can still be mined using GPUs.

Firo is just Zcoin, but rebranded. It changed its approach to privacy, by adopting a trustless mechanism called "Lelantus Spark". But of course, without demand, it won't be going anywhere. It seems to me that adoption is far more important tech. A pity, because Firo could've been a real challenger against Zcash. Only Monero remains. Meanwhile, alternative privacy coins such as Dash, Beam, and Grin are slowly fading away into oblivion. I believe the industry needs more privacy-oriented coins. I'm yet to see if Firo will be able to survive with DEXs alone, if all CEXs decide to de-list it in the future. I'd pay close attention to the project's development, just in case.

It needs one big event to trigger attention and make the world know this coin exist, but the name Firo itself sounds like 3rd tier altcoins created by random projects. If only there was marketing attempt when Zcash was reaching all time high, it could possibly do 3-5x at the very least because people are hungry for another coin to pump, alas it missed the good chances.

How about: Firo vs ZEC vs ARRR vc BTCZ vs LTZ vs XMR vs ZCL ?

That's a good one. But I'm comparing Firo against ZEC directly, because they're based off the same tech. At least, in the early days. Back them, Firo used to be Zcoin, while ZEC remained Zcash. Both were destined to be rivals from one another. Firo was better because it didn't have any founder's reward baked into the protocol (which is a sort of miner tax). Not backed by a corporation but the community itself. Zcash has always been backed by a corporation with its own interests. It never took users' privacy and freedom seriously. The project started off with a trusted setup for ZKPs, while imposing a founder's reward (miner tax) to help keep the project self-sustainable. Yet, ZEC is getting all of the attention, while Zcoin (now Firo) is left behind in the dust. Such is the "life" of many cryptos here. All driven by hype. At least, we have a choice. Could've been worse.