CSE1006 Study Guide - Zerocoin, Bitcoin
20 Dec 2022
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Document Summary
Basecoin is a bitcoin-like altcoin, and zerocoin is an extension of this altcoin. Anonymity is achieved by converting basecoins into zerocoins and vice-versa. When you do that, it breaks the link between the original basecoin and the new basecoin. In this system basecoin is the currency that you transact in, and. Zerocoin just provides a mechanism to trade your basecoins in for new ones that are unlinkable to the old ones. In zerocoin the sender address is private and the amount and the receiver address is public. Zerocoins come into existence by minting. use a cryptographic commitment sealing a value in an envelope and putting it on a table in everyone"s view. For the output address, you should use an address that you own. Once you spend a zerocoin, its serial number becomes public, and you will never be able to redeem this serial number again.
