Re: [ANN] Zcoin (XZC) - Implementing Zerocoin technology for financial privacy

Quote from: Jack Russell on August 30, 2017, 09:23:37 PM

Quote from: zcoinofficial on August 21, 2017, 03:27:36 AM

If anyone wants to see how Zerocoin transactions look like on the blockchain:

Check out a sample mint transaction where 50 coins go into a blackhole.
http://explorer.zcoin.io/tx/b827e91bee75e4abae8590206b088f05f6b9c563dc56e5e71c42da9523ebcccd
https://chainz.cryptoid.info/xzc/tx.dws?b827e91bee75e4abae8590206b088f05f6b9c563dc56e5e71c42da9523ebcccd.htm

This is a sample spend transaction where 50 coins come out from the blackhole and have no linkage with its mint transaction or any history at all.
http://explorer.zcoin.io/tx/d75cd4bfae85bc278900eb4728f71eedea1dec2a16d3f18551dfcd43b413ac07
https://chainz.cryptoid.info/xzc/tx.dws?d75cd4bfae85bc278900eb4728f71eedea1dec2a16d3f18551dfcd43b413ac07.htm

The point is that the 50 coin from the Zerocoin spend transaction could have come from any of the people who minted 50 coins giving it very high anonymity.

So does this mean that the five 100 XZC transactions that I minted will enable others to also use that quantity of coins to mint/spend? And if so, will my coins that went through the mint and spend function get any confirmations then? Its been over 2 months now at zero confirmations, and I would like to know if there is any chance of them coming back/getting confirmations?

Thanks for your time.

They always come back... but wow, 2 months is bad. The artificial limit of 1 spend per block, which was put in place because confirming spends put too much performance strain on pools, is probably what's to blame here.
As I understand it Znodes will be there exclusively for this purpose - to confirm zerocoin mints/spends - so at the latest when they launch is when you should get your confirmations.