[Blockchain in SEA] Transaction Ecology Between ZCoin and Satang
Blockchain in SEA
185days ago

image.pngTime:01/26  18:00

Wechat group: BlockChain-in-SEA

Guest: Poramin Insom,CEO/Founder, Satang Corporation;Founder, ZCoin

Host: Andy Zheng, CEO, Beecast



Andy Zheng: Good evening, everyone! I am Andy Zheng, CEO of Beecast.

Welcome to the leading blockchain community media [Beecast] and join us with 5000+ communities & 1000000+ Beecasters in [Blockchain in SEA] to discuss blockchain technology and industry development.

This is the Phase 15, Topic: Transaction Ecology Between Zcoin and Satang.

Guest: Poramin Insom,

Poramin Insom,CEO and Founder, Satang Corporation;Founder, ZCoin. Satang or Satang Corporation Company Limited is a central private sector with extensive experience in digital asset. As the company's founder , Poramin has originated the global digital currency called Zcoin, cooperated with the government to facilitate digital transaction including exchange and sales, and advised the public regarding secured digital asset transaction.

ZCoin is The first decentralized and open source currency that provides financial privacy enabled by the Zerocoin protocol. Proven cryptography and auditability.


Andy Zheng: Mr. Poramin, you have a lot of experience in the field of IT technology development. When did you know about the blockchain later? What is the most attractive part of the blockchain?

Mr. Poramin: I heard about blockchain 5 years ago since the price was increased massively from 200 usd to 1300 usd.

Integrity, no matter how right or wrong information being recorded in the Blockchain, it’s unchanged.

Apart from integrity, I also interested in decentralized and privacy part in blockchain that why I bring MTP ( Merkle Tree Proof of Work ) to Zcoin, MTP is the first and best algorithm to prevent ASIC miners. So it will allow Zcoin become decentralized cryptocurrency at this state. Of course, I do not said ASICs is bad, but Zcoin is still young and we need good proof of work to make sure Zcoin has fair distributions coins to every people.

Andy Zheng: To some extent, ASICs are very efficient,but it destroys the essence of blockchain mining.

Mr. Poramin: In term of privacy, we are the first coin that using Zerocoin protocol, which came from the same author of Zerocash protocol, that are using in Zcash at moment.

And with in Q1 this year, we are moving from Zerocoin protocol to Sigma protocol, which remove trusted setup phase, that Monero fan always empasize in Zcoin and Zcash as flaw in design.

Andy Zheng: Yes, I think Zcoin is doing very well in this area.

Mr. Poramin: We already release Lelantus protocol, which is improving version of Sigma protocol, by combine Bulletproof and Confidential Transaction. You can take a look at the research paper in https://lelantus.io.


Andy Zheng: Would you please describe the Satang Exchange? What do you think is the advantage of the Satang Exchange over other exchanges? In a trading environment where technology development is not yet mature, what are the unique aspects of Satang in terms of transaction security?

Mr. Poramin: In Satang Pro, we are special and different from any exchanges in Thailand with instance 24/7 of deposit and withdrawal Thai baht with NO FEE. Besides, Satang is only one licensed exchange in Thailand where certified with ISO27001.

ISO27001 is a specification for an information security management system. Mostly only banking sector has it.

so we are actually have the same security as banking or actually even better. The main reason why Satang take this certification, it is because we think security is the most importance for crypto exchange. we should act like professional not startup who hold millions dollar without knowledge in security or not truely understand what they are dealing with, like you can see many exchanges got hack with Instance withdraw and deposit THB 24/7, we think customer should be able to make profit once they see oppotunities or need cash for spending immediatly, it should not take a day or hours. Because time is money for customers, and we are very serious about this issue.

Andy Zheng: Agree with 'time is money'.


Andy Zheng: As the founder of ZCoin, can you talk about the development idea of ZCoin? What is the intersection between the development, design and operation of ZCoin and Satang?

Mr. Poramin: Zcoin aim to be the no. 1 of privacy coin for Cryptocurrency. For now, the competitors are just only Monero and Zcash, we are working on Sigma and Lelantus, and we think we will be the same par with them for sure. And, Satang Pro is one of the platform that make Zcoin being usable. We are working and developing together.

Like many people ask where can I use Bitcoin in Thailand. A few place that accepted. Mostly it is about trading. We want to make Zcoin and other crypto to be able used in daily life with Satang.


Andy Zheng: How do you evaluate the blockchain market in Thailand and even in Southeast Asia? What are the survival strategies of the exchanges and blockchain project you operate under bear market?

Mr. Poramin: In Thailand, fews people knows about Cryptocurrency, it’s still be a small market, approx 1% but there is a chance to be more mainstream in the future.

In Southeast asia, Malaysia just announced that Cryptocurrency is one of the security. So, it would be a bit hard to run any operation on Cryptocurrency business.

In Singapore, there is no cleared act or regulation since it’s very new, can do more things with the law gap.

In bear market, we should do cost saving for only necessary issues e.g. no luxury office in CBD, hire ppl only key duties. We saw a lot of layout ppl from big player companies that is all due to bear market mostly in my opinion.


Andy Zheng: Looking at the global market, many exchanges are planning to open STO and Fiat-to-cryptocurrency Exchanges. Based on what you know about the current state of Thailand's cryptocurrency trading market, do you think it works and why?

Mr. Poramin: The law of Thailand didn't  support STO yet but not forbid to invest in Overseas. For converting Fiat currency to Cryptocurrency, is very new in Thailand but still can do since people still need to use Fiat currency for daily life. Need more time to go more mainstream.

From what I know, we are expected to have 20 exchanges as fiat-to-crypto in Thailand with less than 300,000 users,it will be red ocean. So, that will force those exchanges to go out and find more users. So in this way, ppl will know more about crypto in Thailand and using it.

Andy Zheng: I think the amount of 300,000 users are not small in the bear market. According to our data, there are now about 1 million users in China, in the bear market.


Andy Zheng: The application layer of the blockchain involves many areas. Which areas do you think are less reliable, what are the ones that you think are good, and for what reasons?

Mr. Poramin: I think the less reliable is using blockchain as database and having some people or even person control it. For example, if you have private chain with 3 nodes, 1 administrator and 1 manager. I'm not sure what is the point of using blockchain in that areas. Comparing with 4000 nodes in Zcoin, for example, In term of security, it is uncomparable.

In term of application, I don't think all areas can fit into Blockchain. It needs to be application that no one trust each other, that is the most importance.

If you want to use blockchain for sharing data across organazation, just for that sharing, may be not good enough for use blockchain, you can use normal database.

Andy Zheng: The efficiency of transferring data through the blockchain is not currently very high.


Andy Zheng: Please talk about the latest trends of Satang and Zcoin, as well as the future development plan.

Mr. Poramin: For Satang, we plan to launch Satang App in the end of January 2019, it's Cryptocurrency wallet. And, we will launch Satang merchants to buy and sell with Cryptocurrency within this year as well.

For Zcoin, we plan to launch sigma protocol in Q1, it will delete trusted setup phase and make Zcoin be more effective and no weakness.

For the future plan, we will launch lelantus protocol by this year which not show the amount of money when being transfer.

Actually, We are planing to do STO as well following this news https://cointelegraph.com/news/thai-crypto-exchange-satang-plans-to-raise-10-million-in-security-token-offering


But we will see if there are any change during the process.

Andy Zheng: Regardless of whether the market is good or bad, people who work hard will be rewarded. I believe that you can do better. If your STO is successful, it will bring great encouragement to the market.


Andy Zheng: As a senior preacher in the blockchain field, you may have come into contact with a lot of people in the industry. Are there anyone you admire, and why? Beecast currently covers 250 cities in 15 countries, 5,000 community nodes, 1 million users , and hopes to invite more big names to [Blockchain in SEA] to share the blockchain knowledge, promoting the development of the industry. In the blockchain industry of SEA, if Mr.Poramin introduces one or two guests to be interviewed, who would you recommend to Beecast to share?

Mr. Poramin: I’ll recommend:

1. Renqi - one of my partner. He is an investor who can give you professional opinion for Cryptocurrency investment perspective.

2. Sandra Yap - a director of partnerships of Zcoin, she knows many people in this business, has a very strong connection and she can give u a lot of info. including various cases around SEA.


 Q & A

Q: What are the criteria for Satang screening the project to trade in the exchange?

Mr. Poramin: The project needs to be open source, having good advisor

and technical team, listing on other exchanges also help. Roadmap is clear,have proof of concept,not security.




[Blockchain in SEA] Zcoin与Satang的交易生态构建


对话时间:2018 年 1月 26日  18:00 



Poramin Insom



东南亚Beecast CEO


郑西平:各位Beecaster,大家晚上好!我是东南亚Beecast CEO 郑西平。

欢迎大家来到领先的区块链社群媒体【Beecast】,与5000+社群1000000+Beecasters一起参与【Blockchain in SEA】节目,探讨区块链技术与行业发展。本期是Beecast【Blockchain in SEA】第15期,


嘉宾:Poramin Insom,Satang交易所创始人兼CEO;ZCoin创始人。












Poramin先生在隐私方面,我们是第一个使用Zerocoin协议的币,该协议来自Zerocash协议的同一作者,目前Zcash正在使用。随着今年的第一季度,我们将从Zerocoin协议转移到Sigma协议,该协议消除了可信的设置阶段,Monero fan总是在强调 Zcoin 和 Zcash的设计缺陷。





Poramin先生Satang,我们是特殊的,不同于在泰国的任何交易所,例如24/7的存款和提款泰铢,我们不收费。此外,在泰国,Satang是唯一一个获得ISO 27001认证的有执照的交易所。ISO 27001是信息安全管理系统的规范。大多数情况下,只有银行业才能获得。






Poramin先生Zcoin 的目标是成为加密货币、隐私货币的第一名。目前,竞争对手只有Monero、 Zcash,我们正在研究Sigma、Lelantus,我们认为我们将是同样的水平,肯定是的。而且,Satang Pro是使Zcoin可用的一个平台。我们共同努力,共同发展。



郑西平: 您怎样评价泰国乃至东南亚的区块链市场?熊市之下,您所运营的交易所以及区块链项目的生存策略是什么?

















Poramin先生对于Satang,我们计划在2019年1月底推出SatangApp,它是加密货币钱包。同时,我们也将在今年内推出Satang 商人,用加密货币进行买卖。







郑西平:Poramin作为资深的区块链领域布道者,应该接触过很多行业内人士,其中是否有您欣赏和佩服的从业者,为什么?Beecast目前覆盖15个国家250个城市、5000个社群节点、用户100万+,希望通过[Blockchain in SEA]邀请更多的大咖来社群分享区块链,以推动整个行业进一步的发展,如果Poramin引荐一到两位东南亚地区嘉宾,您会引荐谁来做客Beecast进行分享?


1.Renqi - 我的搭档之一。他是一个投资者,他可以给你提供关于加密货币投资观点的专业意见。

2.Sandra Yap-ZCoin的合伙人之一,她认识这个行业的很多人,有着很强的联系,她可以给你很多信息。包括东南亚的各种情况。






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