summary: Bitcoin Private (BTCP) (founded in March 2018), is a community-driven cryptocurrency that was forked from Zclassic and Bitcoin.
content: Bitcoin Private (BTCP) (founded in March 2018), is a community-driven cryptocurrency that was forked from Zclassic and Bitcoin. BTCP supports zk-SNARKs, which keeps the sender and receiver's information hidden while verifying transactions on a public blockchain. Overview !bitcoin-private-guide.webpIntroducing Bitcoin Private (BTCP) Bitcoin Private (BTCP), a supposed “fork-merge” of Bitcoin and Zclassic, was built with the intention of adding privacy and spend-ability to the Bitcoin blockchain while remaining cognizant of the challenges, choices, and failures of prior forks. In a bid to accomplish this, Bitcoin Private is using a larger block size (2 MB), a shorter block time (2.5 min), and an ASIC-resistant (GPU-friendly) Proof-of-work (PoW) algorithm for mining- Equihash. Furthermore, due to the dual nature of its fork-merge, Bitcoin private (BTCP) believes that more of the crypto-community will find themselves involved. After the snapshot, Zclassic (ZCL) and BTC (Segwit and normal) addresses will receive BTCP (1:1 for both) at the same address. This is described as a first-of-its-kind fork and the open-source blockchain community is finally beginning to fully explore the malleability of Unspent transaction output (UTXO) sets. Features Bitcoin Private (BTCP) has the following as its properties: Privacy: Bitcoin Private uses the same privacy technology as Zclassic (i.e zk-snarks). This simply implies that payments are published on a public blockchain, but the sender, recipient, and other transactional metadata remain unidentifiable. Open-Source: Bitcoin Private's entire codebase is publicly available for viewing and verification by anyone. It will always remain open-source and be maintained by an ever-growing community. Fast: Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds. Community-Driven: In the nature of transparency and Open-source, Bitcoin Private (BTCP) is developed by team members all over the world. Each member occupies roles and contributes based on his or her skill sets. A Fair Start: There was no pre-mine, and there is no founder's reward. Bitcoin Private has been released in a fair manner to all. BTCP coins were distributed on a 1:1 basis to BTC and ZClassic (cryptocurrency) (ZCL) holders. Decentralized: Quite similar to Bitcoin, Bitcoin Private (BTCP) supports Peer-to-peer transactions without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public ledger. Tokenomics Bitcoin Private (BTCP) is the functioning cryptocurrency of the Bitcoin Private ecosystem. Having its ticker symbol denoted as BTCP, Bitcoin Private has a total supply of 22,815,307 BTCP and it registered an All-time high of $86.73 USD on the 12th of March 12, 2018, and an all-time low of $0.050433 USD on the 13th of March 13, 2020. Currently, the most active market trading BTCP is Sistemkoin.