Firo (FIRO)
Rank #821
Market snapshot
- Price
- $0.636043
- Market cap
- $12.0M
- 24h volume
- $210,835.42
- Circulating supply
- 18,937,163.326
- Total supply
- 18,937,163.326
- Max supply
- 21,400,000
What is Firo?
Firo is a privacy-focused cryptocurrency designed to facilitate secure and anonymous transactions. It emphasizes the importance of privacy in cryptocurrency as a medium of transfer. Firo has developed trustless privacy protocols, such as Lelantus and Lelantus Spark, which have influenced the design of other privacy solutions.
How Firo works
Firo operates on a peer-to-peer network where users can generate FIRO through mining. It employs the FiroPoW mining algorithm, which is optimized for GPU mining and resistant to ASICs, ensuring accessibility for individual miners. Transactions are confirmed through a decentralized process, and the network employs privacy-enhancing techniques to obscure transaction details, allowing users to maintain anonymity.
Key information
- Symbol
- FIRO
- CMC rank
- #821
- Network / platforms
BNB, BNB Chain
- Categories
- Mineable, Proof of work
- Date added
- Oct 6, 2016
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB
0xd5d0322b6bab6a762c79f8c81a0b674778e13aedBNB Chain
0xd5d0322b6bab6a762c79f8c81a0b674778e13aed
Key characteristics
Firo is categorized under several tags, including mineable, proof-of-work, and privacy coins. It features advanced privacy protocols that allow users to conduct transactions without revealing their identities. The network supports masternodes, which earn a portion of the block rewards, enhancing the network's efficiency and security.
Documented uses
Firo can be utilized for various purposes, including private transactions and as a medium of exchange. It is designed to maintain financial privacy, enabling users to transact without disclosing their financial history. Firo's unique privacy features aim to protect users from surveillance and potential fund seizure.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Firo?
- Firo is a privacy-focused cryptocurrency designed to facilitate secure and anonymous transactions.
- How does Firo work?
- Firo operates on a peer-to-peer network where users can generate FIRO through mining and employs advanced privacy protocols.
- What are the key features of Firo?
- Firo features advanced privacy protocols, is mineable, and supports masternodes that enhance network efficiency.
- What are the risks associated with using Firo?
- Digital asset prices can be volatile, and users should handle private keys and verify transaction details.
- Where can I find official resources for Firo?
- Official resources for Firo can be found on their website and GitHub repository.
- What are the use cases for Firo?
- Firo can be used for private transactions and as a medium of exchange, maintaining financial privacy.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
