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.
It will use the same privacy technology as ZClassic (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable.
Just like Bitcoin, Bitcoin Private will support peer-to-peer transactions without an intermediary. These transactions will be verified by network nodes through the use of cryptography and recorded in a public ledger.
Unlike Bitcoin, Bitcoin Private will support a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.
It’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.
In the nature of transparency and open source, Bitcoin Private is developed by team members all over the world. Each member fills roles and contributes based on his or her skill sets.
There will be no premine, and no founder’s reward. It will be released in a fair manner to all. Coins will be distributed on a 1:1 basis to BTC and ZCL holders.
When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange 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.
How many ZCL are in circulation, and how many BTCP will there be after the fork?
Currently, there are about 3,000,000 ZCL in circulation. When the fork occurs, the total BTCP in circulation will be the current circulating supply of BTC plus ZCL.
|Name||Bitcoin Private (BTCP)|
|Ratio to BTC||1:1|
Bitcoin vs Bitcoin Private
|Max. Supply||21 Million||21 Million|
|Difficulty Adj.||2 Weeks||???|
|Established since||2009||February 2018|