Firo FIRO

1. Summary

Ranks

Liquidity

91

Developer

49

Social

90

Momentum (beta)

21

Stack Rank™

30

Price

$1.33 +6.5%

Market Cap

$18.52M (#989)

Supply

13.82M / 21.40M

Tags

Privacy Coins Masternodes Zero Knowledge (ZK) Proof of Work (PoW) Privacy

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Price
52W High price	$2.44
52W High date	28th Dec 2023 (6 months ago)
All Time High (ATH) Date	26th Dec 2017 (6 years ago)
ATH Price	$139.77
% From ATH	-99.12%
All Time Low (ATL) Date	2nd Dec 2016 (7 years ago)
ATL Price	$0.28
% From ATL	337.56%

Supply & Trading Volume
Trading Volume (24h)	$7.64M
Total Supply	21.40M
Max Supply	21.40M
Circulating Supply	13.82M

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Description

Introduction

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Introduction

Firo (FIRO) is a privacy-focused cryptocurrency that leverages zero-knowledge proofs to maintain fully anonymous transactions. The platform enables users to destroy coins and redeem them for new ones without transaction history.

Architecture and Protocol

Firo employs the Lelantus privacy protocol, an upgrade from standard cryptographic assumptions, supporting high anonymity sets without requiring trusted setup. The protocol includes Dandelion++, which conceals the originating IP address of transactions, removing the need for external services like Tor or i2P.

Features

1. Hybrid PoW and LLMQ Chainlocks: Firo uses a combination of proof-of-work and LLMQ Chainlocks to ensure fair distribution of supply, protect against 51% attacks, and provide quick finality of blocks and transactions.
2. Total Supply: Firo has a total maximum supply of 21.4 million coins.
3. Privacy Infrastructure: Firo's Elysium tokenization layer permits users to create privacy-enabled tokens, including private stablecoins and voting tokens, and future support for bridged assets from other chains.
4. Research and Development: The project contributes independent research to blockchain privacy and decentralization technologies, such as Sigma, Lelantus, Lelantus Spark, and MTP, influencing other projects in the space.

Usage and Wallets

1. Wallet Options: Multiple wallet options are available for managing Firo funds on desktop and mobile operating systems.
2. Mining: Firo uses a GPU-friendly algorithm (Merkle Tree Function) and allows users to set up masternodes to earn Firo.
3. Availability: Firo can be bought and mined through various platforms and avenues.

Notable Usage

Firo's blockchain was used in the Thai Democrat Party Elections in 2018 for electing its party leader, marking the first large-scale application of blockchain in a political election.

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