Bitcoin Private (BTCP) - An Introduction

Bitcoin Private (BTCP)

by KDW 792 Views comments

Bitcoin Private (BTCP) - An Introduction

Bitcoin Private or "BTCP" as we will call it from here on, is the result of a co-fork. The case for BTCP is somewhat unique, whereby ZCL and BTC has been co-forked into Bitcoin Private (BTCP).

The fork took place on the 28th February 2018 and a snapshot of all existing ZCL and BTC holdings occurred. Anyone holding ZCL or BTC in a wallet or supported exchange have will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.

Bitcoin Private, like Zclassic and Zcash, is an implementation of the "Zerocash" protocol. Based on Zclassic's code, it intends to offer a far higher standard of privacy through a sophisticated zero-knowledge proving scheme that preserves confidentiality of transaction metadata. Technical details are available in the Zcash Protocol Specification.

This software is the Bitcoin Private client. It downloads and stores the entire history of Bitcoin Private transactions. Depending on the speed of your computer and network connection, the synchronization process could take a day or more once the blockchain has reached a significant size.

Who runs Bitcoin Private?

Bitcoin Private is a community-driven BTC/ZCL fork consisting of over 50 talented contributors currently. We are fully transparent to the community and often allow them to make decisions regarding the fork and the future of Bitcoin Private.

What exchanges will support the fork?

Currently, are confirmed supporters, is confirmed to list, and we are engaged in active discussions with individual exchanges. Coinfeed feel this will only be the start and given the development team behind this beast of a currency, the large exchanges will try to push this through.

How do I mine BTCP?

We are currently mining in we like the interface and it seems a good balance of miners and we feel the success rate here looks very promising.

You can however, mine in the official pool here

We'll keep you posted in this dedicated BTCP section...

Follow us @coinfeed1 on Twitter - Telegram