Bitcoin Private: private, decentralized, fast, open source,community-driven coin.
Why $BTCP?
-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.
-Decentralized
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.
-Fast
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.
-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.
-Community Driven
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.
-A Fair Start
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.
What is a hard fork?
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).
When is the hard fork?
Snapshot date: February 28th, 2018.
Fork Date & Main Net Launch: Approximately 2 days later.
How do I receive BTCP?
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.
Frequently Asked Questions
-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, we are engaged in active discussions with individual exchanges but please be patient as we are not yet releasing statements regarding support from individual exchanges.
-How do I mine ZCL?
Here is a guide for mining ZCL on miningpoolhub
https://www.reddit.com/r/ZClassic/comments/7mfmyb/how_to_mine_zcl_using_nvidia_or_amd_gpus_on/
Here is a guide for mining ZCL on Minez.Zone
https://minez.zone/getting_started
BTCP will also be mined in a similar fashion. Stay tuned for more information.
-Where can I buy ZCL right now?
Bittrex, Cryptopia and Coinexchange.io
-Where can I store my ZCL to ensure I get my BTCP?
You can use our brand new transparent ZClassic electrum wallet. We are working hard to get shielded transactions done as well and this will be finished prior to the fork.
-What happens to ZCL after the fork?
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.
-Will there be replay protection?
Yes, Bitcoin Private will have two-way replay protection.
-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.
-What will happen with Zclassic?
Zclassic and it’s wallets will still exist. Zclassic nodes will be supported post-fork. However, as mentioned in the past, there will be no current active development for Zclassic as the current development team will shift 100% focus to Bitcoin Private development. Anyone from the community will still be able to build on Zclassic if they wish.
