Firo (FIRO) Market Capitalization Tops $32.68 Million

Firo (FIRO) traded up 3.8% against the U.S. dollar during the 24-hour period ending at 13:00 PM ET on September 23rd. Firo has a market cap of $32.68 million and approximately $6.55 million worth of Firo was traded on exchanges in the last 24 hours. In the last week, Firo has traded down 7.4% against the U.S. dollar. One Firo coin can currently be bought for $2.83 or 0.00015053 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

  • Bitcoin (BTC) traded 1.8% higher against the dollar and now trades at $18,827.24 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded up 1.9% against the dollar and now trades at $0.0618 or 0.00000328 BTC.
  • UNUS SED LEO (LEO) traded up 13.2% against the dollar and now trades at $4.11 or 0.00021868 BTC.
  • Litecoin (LTC) traded up 1.3% against the dollar and now trades at $53.46 or 0.00283950 BTC.
  • Ethereum Classic (ETC) traded down 0.8% against the dollar and now trades at $27.80 or 0.00147658 BTC.
  • Monero (XMR) traded up 1.8% against the dollar and now trades at $139.66 or 0.00741798 BTC.
  • Bitcoin Cash (BCH) traded flat against the dollar and now trades at $114.08 or 0.00605931 BTC.
  • Bitcoin Cash (BCH) traded 1% higher against the dollar and now trades at $113.97 or 0.00606121 BTC.
  • COUTION LIVE (CTL) traded down 4.7% against the dollar and now trades at $0.20 or 0.00000981 BTC.
  • DEI (DEI) traded down 1.4% against the dollar and now trades at $0.18 or 0.00000969 BTC.

Firo Coin Profile

Firo (FIRO) is a proof-of-work (PoW) coin that uses the MTP hashing algorithm. It launched on September 28th, 2016. Firo’s total supply is 11,532,056 coins. The Reddit community for Firo is https://reddit.com/r/firoproject and the currency’s Github account can be viewed here. Firo’s official website is firo.org. Firo’s official Twitter account is @zcoinofficial and its Facebook page is accessible here.

According to CryptoCompare, “Rebranded from Zcoin (full info here), Firo is a Proof of Work cryptocurrency using the Lyra2 hashing algorithm. It is an implementation of the Zerocoin protocol (http://zerocoin.org) guaranteeing true financial anonymity using RSA-2048. Zero-Knowledge proofs allow one to show ownership of a Firo coin without having to reveal which coin one owns.Firo uses a PoW-Chainlock hybrid consensus model whereby quorums are formed by several hundred masternodes deterministically selected (LLMQ) that perform a verifiable network-wide measurement/vote of the “first-seen” rule and locks in the block that is first-seen. Blocks are final with a single confirmation as no reorganizations are allowed past this point. This also mitigates 51% mining attacks as more than half the masternode network would need to be compromised to disable Chainlocks before a 51% attack can be mounted. Firo's mining algorithm is MTP which relies on memory hardness to make it resistant to ASICs. It is moving to FiroPOW, a ProgPOW variant that is designed explicitly for GPU mining and is even more resistant to ASICs and FPGAs to encourage fair distribution of its coin.”

Firo Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Firo directly using US dollars. Investors seeking to acquire Firo should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Firo using one of the exchanges listed above.

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