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RE: ZCoin: Privacy on the Blockchain and the Linkability of Personal Information: Elements of a private cryptocurrency
Steem provides similar privacy based on not knowing what the origin node of a post is.
Could you explain how Zcoin compares in decentralization of miners? Steem requires users to vote trusted users. Is there anything about Zcoin that prevents 1 user from controlling all the miners?
I don't think Zcoin and Steem are competitors. Different things altogether.
However Zcoin's efforts in using a revolutionary new mining algorithm called MTP (Merkle Tree Proof). You can find out more about why this Proof of Work algorithm is unlike others:
https://steemit.com/zcoin/@zcoinofficial/zcoin-an-update-on-mtp-merkle-tree-proof
By keeping miners using commodity hardware (as opposed to specialized hardware like ASICS) it would be hard to gain significant advantages from miner centralization .
I'm not sure If I unerstood correctly.
"By keeping miners using commodity hardware (as opposed to specialized hardware like ASICS) it would be hard to gain significant advantages from miner centralization ."
Steem miners/witnesses require votes by the community to mine, therefore providing some kind of decentralized trust based system.
Do Zcoin miners have any comparable trust requirements other than providing valid data to the blockchain?