Private
Bitcoin Private 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.
Bitcoin Private 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.
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.
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. Bitcoin Private will be released in a fair manner to all. Coins will be distributed on a 1:1 basis to BTC and ZCL holders.
A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. This case is somewhat unique, whereby ZCL and BTC will be co-forked into Bitcoin Private (BTCP).
Snapshot date: February 28th, 2018.
Fork Date & Mainnet Launch: Approximately 2 days later.
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.
Over 70 total contributors, with over 20 engineers having joined our initiative in just 30 days time!
Reach out to us to join :-)
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.
Currently, TradeSatoshi.com are confirmed supporters, HitBTC.com is confirmed to list, and we are engaged in active discussions with individual exchanges.
This is the official BTCP mining pool, built and ran by BTCP developers:
See the issues posted on github that we need resolved for BTCP.
You can use our brand new transparent ZClassic electrum wallet or TradeSatoshi.com, and soon we will release a BTCP Wallet. We are working hard to get shielded transactions done as well and this will be finished prior to the fork.
Please see the thread here and comment to get involved.
ZClassic will still exist. The community has discussed keeping ZCL in active development after the fork. We think this is great and fully support this.
Yes, Bitcoin Private will have two-way replay protection.
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.
Check out our Voluntary Miner Contribution program at https://fund.zclassic.org.
More details on how the program works can be found at https://redd.it/7txoej.
Below is the current trading price of ZClassic and its market cap.
To reach out to the primary coordinators of the team for any inquiries related to press, please contact us at press@btcprivate.org.
You can download a zip file containing Bitcoin Private's branding assets here.
You can view a directory of official Bitcoin Private links here.