Firo
Current price
$0.9171
−4.34%24h
LiveUpdated 29s ago
TodayFiro falls 4.3%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.09%
- 24 hours−4.34%
- 7 days−1.51%
- 30 days+20.46%
- 1 year−38.55%
Firo's move in context
Lagging the market today
−4.34% today against −3.26% for the market as a whole, a gap of 1.1 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−1.5% over 7 days and +20.5% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Firo
Overview
Firo, formerly known as Zcoin, is an open-source cryptocurrency designed with a strong focus on privacy and anonymity. Its core mission is to provide individuals with the ability to conduct financial transactions without compromising their privacy. Firo employs innovative solutions to ensure that users can transact securely while maintaining confidentiality. Unlike Bitcoin, which offers a public ledger, Firo utilizes advanced cryptographic techniques to obfuscate transaction details, making it a compelling choice for users who prioritize anonymity. Key distinguishing features include its use of the Dandelion Protocol for transaction propagation and its implementation of the Sigma protocol for confidential transactions.
Technical Features
Firo operates on a decentralized network architecture, allowing users to participate in the validation of transactions through a consensus mechanism called Proof of Work (PoW). This ensures that any changes to the blockchain require considerable computational effort, thereby enhancing security. One of its unique technological innovations is the Sigma protocol, which allows for the seamless and private transfer of funds without the need to trust third parties. Furthermore, Firo's Dandelion protocol improves transaction privacy by reducing the chances of transaction association, as it minimizes the exposure of transaction data to the network before confirmation. The incorporation of the Lelantus protocol also allows for enhanced transaction confidentiality by enabling users to create shielded transactions.
Use Cases
Firo's primary use cases revolve around providing a private method for conducting transactions in various scenarios. This is particularly relevant in decentralized finance (DeFi) applications where privacy is crucial for users. Firo can serve as a medium for cross-border payments, enabling users to send and receive funds without the scrutiny often associated with traditional financial systems. Additionally, Firo's privacy features make it suitable for peer-to-peer transactions, allowing users to maintain their financial independence while avoiding unwanted surveillance. Moreover, Firo can potentially intersect with other blockchain projects, facilitating the creation of decentralized applications (dApps) that focus on privacy-centric solutions.
Development Background
Firo was launched in 2016 by a team led by Poramin Insom, who envisioned a cryptocurrency that not only provided users with a medium of exchange but also prioritized privacy and security. Originally named Zcoin, the project underwent a rebranding in 2020 to Firo, reflecting its commitment to privacy innovation through unique technological advancements. Significant milestones in its development include the launch of its Sigma protocol in 2019 and the subsequent introduction of the Lelantus protocol. Over time, Firo has gained recognition within the cryptocurrency community, culminating in partnerships with various platforms and services that further its utilization.
Community and Ecosystem
The Firo ecosystem is supported by a vibrant community of developers, enthusiasts, and users dedicated to promoting privacy-oriented solutions in the cryptocurrency space. The Firo Foundation plays a crucial role in guiding project development, strategy, and community outreach. Numerous partnerships have been established with other blockchain projects, payment processors, and privacy advocates, fostering an environment conducive to growth and collaboration. Projects that integrate Firo seek to leverage its privacy features, creating a variety of applications that enhance user interaction and transaction confidentiality.
Future Potential
The future potential of Firo appears promising, given its strong technological foundation and a committed community. As global demand for privacy-focused solutions escalates, Firo stands to become an increasingly relevant player in the cryptocurrency sector. Upcoming developments include enhancements to its core technology, potential integrations with new platforms, and expanded adoption in various use cases. With ongoing innovation and a focus on maintaining privacy in the financial domain, Firo is positioned to significantly impact the future landscape of digital payments and private transactions.
Firo market
- Position by market cap among the coins we track.
- #337
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $15.74M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.9000High $0.9587
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $139.77
- Now 1% of itReached 26 Dec 2017 · Needs +15,140% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 17.16M FIRO
- 80% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 21.4M FIRO
- The most coins that can ever exist. Some coins have no limit.
Firo converter
1 Firo = $0.9171
