Hi guys. Bitcoin Private (BTCP) is said to be released sometime next year.
For Full YouTube Video: Click Here
I believe this will be the best privacy coin in its class of crypto dividends based on the fact that it will be the first privacy dividend out there! Bitcoin, Bitcoin Cash, Bitcoin Gold, and even Segwit2x (the "original") does not have a privacy layer component built into it as the Z-family of tokens. So for Dash, Monero, and privacy coin holders, you guys should be excited about this coin. And who knows BPrivate could be a good test case for Bitcoin Core developers to look into a privacy layer in the future.
My price target for this coin was between $120-$300. I announced that on Twitter to a follower who asked what I thought. I think that price range is fair, but given the excitement and growing conversations over this coin in the past few days and on their twitter page, I have heard price of $400, $500, and even $1000 for 1 ZClassic token before this coin is forked to Bprivate. Now as a disclaimer all these prices are just opinions and speculation.
From doing some limited research about this BPrivate coin, here is what I have found.
From my understanding the stated supply of this coin would be up to 21 million. About 80% of that supply will incorporate both ZClassic total supply and Bitcoin Legacy chain of around 16-17 million coins. That means ZClassic holders and Bitcoin legacy holders have the capability of getting BPrivate if they choose to exercise it. If your ZClassic is on an exchange or wallet, make sure you ask the exchange or wallet provider if they will offer BPrivate. In the past Bittrex exchange has supported ZClassic fork called ZenCash. But please do your homework to make sure.
The second thing I want to mention is that the privacy layer of BPrivate would be the same as its popular siblings ZCash, ZenCash, and ZClassic. ZCash and ZenCash are the top 10 privacy tokens in the market today. The most important part of this dividend is the privacy layer. BPrivate would incorporate ZK - Snark Zero Cash algorithm. For those of you guys who really do not know what that means, imagine pouring a cup of water into a lake and your friend on the other side of the lake being able to retrieve that cup of water. The water is acting as a token. The lake just acts as the "consensus" judge. The encryption can be thought of wrapping itself into an addressed envelope while in this watery path over to your friend. The consensus knows that cup of water belongs to your friend on the other side. For tech gurus out there feel free to read up on this concept some more.
Mining for BPrivate from my knowledge would be GPU.
BPrivate will have replay protection.
Block interval would be 2.5 mins which is fast compared to the other crypto dividends.
Block size would be 2 MB which would allow for fast transactions.
Difficulty adjustment would be for every block.
It will also include Segwit and most importantly it will have a unique address making it indistinguishable from Bitcoin and other dividends as well. Now for all you guys who are not familiar with all those terms I just pumped out basically this dividend will have good privacy technology and allow for comparable to even fast transactions as compared to the other Bitcoin crypto dividends.
Alright guys. Let me know what you think about these cryptos. Please leave a comment below. Have a great day and happy New Year.
Nick is a content creator for Sobuka with a background in programming, information technology, finance and digital forensics. He shares interest in cryptocurrencies by reporting on International Affairs. You can find myself, B, and Laura here from time to time.
Support the cause if you like what we say here on Sobuka
BTC: 1PnPpj7T4QtvX8YHUvV4nnn7hjWqpqtaTq
ETH: 0xf48b8982b457fc07f772448e2abd872c5b994068
LTC: LUSAzhXnLNtBr8KMcmbZQtp2LYrgTHrhPc
New Coinbase Account: Create an account and receive $10 when you buy/sell $100.00 or more of Bitcoin. My affiliate link is here.
https://www.coinbase.com/join/585a2b96e03385025e4dcd5c
You can reach the team here
Facebook
Twitter
YouTube
Steemit: @Sobuka
Sources:
Chart Source:
https://twitter.com/HeyTaiZen/status/947553738188840961
- HeyTaiZen
BPrivate Official Twitter Page: https://twitter.com/bitcoinprivate
Disclaimer
The information on this blog is not financial advice. Before you invest in cryptocurrencies, please speak to a financial advisor.