An exhaustive look into the Zero Currency blockchain explorer, the serious scam allegations surrounding it, and a necessary disambiguation of the various "Zerochain" projects to protect and inform the crypto community.
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Navigating the Labyrinth of Zerochain A Deep Dive into Zerochain.info, its Controversies, and the Clutter of Crypto Aliases |
The digital currency space is a sprawling, often chaotic metropolis. New projects spring up overnight, and with them, a tangle of names, technologies, and promises that can be difficult to untangle. One such name that has caused considerable confusion and concern is "Zerochain." A simple search for this term unfurls a complex web of different projects, but the one that often appears at the forefront, and the subject of our in-depth investigation today, is the website https://zerochain.info/. This blog post will serve as your comprehensive guide to understanding what Zerochain.info is, the serious allegations it faces, and how to distinguish it from other similarly named entities in the crypto-sphere. Our mission is to provide you with a detailed, SEO-friendly, and, most importantly, a safe and informed overview of this controversial corner of the internet.
A Word of Warning: The Red Flags Surrounding Zerochain.info
Disambiguation: Unraveling the "Zerochain" Knot
Zerochain.info (The Subject of this Post): This website is a blockchain explorer for a cryptocurrency called Zero Currency (ZER).[3] A blockchain explorer is a tool that allows users to view information about blocks, transactions, and addresses on a specific blockchain. zerochain.info provides an interface to the Zero Currency network, including a web wallet and a swap feature.[4][5] Zerochain (Privacy-Preserving Blockchain on Substrate): Announced in 2019, this is a separate and legitimate open-source project aimed at creating a privacy-focused blockchain using Substrate, the framework developed by Parity for building blockchains.[6][7] This Zerochain is designed to store encrypted data and enable confidential transactions.[6] Its goal is to eventually connect to the Polkadot network as a privacy-preserving parachain.[6] This project has a public GitHub repository and is a technical endeavor with a different team and objectives than zerochain.info.[5] 0Chain (Decentralized Cloud Storage): Pronounced "zero chain," this is another distinct and well-documented project focused on providing a decentralized cloud storage solution.[1] It has its own native token, ZCN, and aims to compete with traditional cloud services by offering a fast, scalable, and secure way to store data on a blockchain.[1][8] 0Chain's technology separates data storage from consensus, allowing for a lightweight and efficient network.[1] ZeroChain Network (ZCHAIN): This appears to be an older project, dating back to 2018. It was described as a token (ZCHAIN) designed for digital marketing and even had its own wallet, "Zwallet."[9][10] Information on this project is more sparse and appears to be largely defunct.
Inside Zerochain.info: A Tour of the Zero Currency Explorer
Blockchain Exploration: The core function of the site is to provide a window into the Zero Currency blockchain. Users can search for specific blocks by height, look up transaction details, and view the balance and history of any ZER address.[3][11] This is standard functionality for any blockchain explorer. Web Wallet: zerochain.info offers a client-side web wallet.[4][8][12] This means that the wallet is generated within your browser, and the website claims to have no control over your funds.[4][8] It provides options to create a new wallet, log in to an existing one, and back up your private keys.[11] However, the security of any web wallet is contingent on the security of the website itself. Given the aforementioned scam allegations, using this web wallet would be an exceptionally high-risk activity. Swap Feature: The website includes a "Swap" page that allows for the trading of Zero Currency (ZER) against Litecoin (LTC).[5][13] This appears to be a basic exchange functionality integrated into the explorer. The page displays buy and sell order books and a history of recent trades. Masternode Information: zerochain.info provides details on the Zero Currency masternode network. This includes a list of active masternodes, their IP addresses, and information on the potential earnings for running a masternode.[14] It even offers a guide on how to set up a masternode.[14] API Access: For developers, the site provides a public API that allows for the retrieval of a wide range of data from the Zero Currency blockchain, such as address balances, transaction information, and network statistics.[2]
Understanding Zero Currency (ZER): The Cryptocurrency Behind the Explorer
A Deep Dive into the Technology: How Zero Currency Aims for Privacy
zk-SNARKs: The cornerstone of Zero's privacy features is the use of zk-SNARKs, which stands for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge." This cryptographic technique allows one party (the prover) to prove to another party (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself. In the context of a cryptocurrency, this means you can prove you have the funds to make a transaction without revealing your address or the amount you are sending. Shielded vs. Transparent Transactions: Like ZCash, Zero Currency supports both shielded (private) and transparent (public) transactions. Transparent transactions are recorded on the blockchain in a similar manner to Bitcoin, where the sender, receiver, and amount are publicly visible. Shielded transactions, on the other hand, leverage zk-SNARKs to encrypt this information, providing a high degree of privacy. Proof-of-Work and Masternodes: Zero Currency uses a PoW consensus mechanism to secure its network. This involves miners competing to solve complex mathematical problems to add new blocks to the blockchain. In addition to miners, the network is also supported by masternodes, which are servers that hold a certain amount of ZER as collateral and perform specific functions to support the network, such as facilitating private transactions. In return for their services, masternode operators receive a portion of the block rewards.
Confronting the Controversy: The Scam Allegations in Detail
Low Trust Score and High-Risk Indicators: Scam Detector's analysis, which resulted in a trust score of just 10.6 out of 100, was based on 53 aggregated factors.[3] The platform identified high-risk activity related to phishing, spamming, and other malicious behaviors.[3] Classification as a Cryptocurrency Scam: Gridinsoft's anti-malware service directly classifies zerochain.info as a "cryptocurrency scam."[2] Their analysis points to hidden ownership details, limited website popularity, and other indicators commonly associated with fraudulent websites.[2] Poor Website Design and Lack of Credibility: Security analysts have noted that the website is poorly designed and lacks essential metadata that would help establish its online presence and credibility.[3] This is often a red flag for websites that are not legitimate or well-maintained. Proximity to Harmful Websites: Some analyses have indicated a high "Proximity to Suspicious Websites" score, suggesting that zerochain.info may be linked to other questionable online destinations.[3]
Frequently Asked Questions (FAQ)
zerochain.info is a blockchain explorer for Zero Currency (ZER).[3] The Zerochain Substrate project is an open-source initiative to build a privacy-preserving blockchain on the Substrate framework.[6][7] - It is crucial not to confuse them, as the security warnings for zerochain.info do not apply to the other two projects.
Conclusion: A Call for Caution and Clarity
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