Cryptography concepts: Bulletproofs, RingCT, BIP-39, Dual Key System
Bulletproofs are short zero-knowledge proofs without trusted setup, enabling range proofs; RingCT mixes true and fake transactions for privacy; BIP-39 creates mnemonic words from binary; PRCY uses dual keys for stealth addresses.
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What is PRivaCY Coin (PRCY)?
Bulletproofs are short, non-interactive zero-knowledge proofs that do not require a trusted setup. They can be used to demonstrate that an encrypted value is valid—for instance, showing that an encrypted number falls within a specific range—without revealing any additional information about the number. Unlike SNARKs, Bulletproofs do not need a trusted setup, but verifying them is more computationally intensive. Ring CT, or 'Ring Confidential Transactions,' involves mixing a genuine transaction with a set number of fake transactions. The size of the ring determines how many fake transactions are added, obscuring the true transaction and its amount within a mixture of fake ones. BIP-39 is a standard that translates binary data (sequences of 0s and 1s used by computers) into a human-readable ...
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PRivaCY Coin price live information
As of now, PRivaCY Coin is trading at 0.035409 USD, with a 24-hour trading volume of approximately 0 USD. The PRCY to USD price is updated in real time. Over the past 24 hours, PRivaCY Coin has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 512.30K USD. Currently, there are 14 468 056 PRCY in circulation out of a maximum supply of 61 443 292 PRCY.
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