What is Bitcoin Z?
Bitcoin Z calls itself Bitcoin 2.0. It is a fork of ZCash with similarities to Bitcoin, basically the two combined.
Features:
- Bitcoin technology
- Anonymous transactions (zk-SNARKs privacy) - Bitcoin has all transactions publicly available.
- decentralized GPU mining (ASIC miners are banned, hardforks to prevent ASIC miners are allowed)
- Decentralized development / All contributors are volunteers
- Big blocks -> blocks are similar to BCC / BCH
-Algo: Equihash (always GPU mining - promoting decentralization in mining)
-Max supply 21B coins
-Current supply: 12500 coins every 2.5 minutes
-Current block size is similar to BCC/BCH (BTCZ = 2MB every 2.5 mins ~ BCC/BCH = 8MB every 10 min)
BitcoinZ has decentralized mining, meaning there will never be centralization with big mining farms controlling the network. There are enough coins in circulation meaning that the coin price will be closer to USD when buying products.
EX: 20 Bitcoin Z for a pizza vs. .003 Bitcoin
Another feature is that Bitcoin Z is fully private. They also have a competent dev team working on updating the coin whenever possible.
Financial Summary:
Price: $0.004568
Marketcap: $2,151,245
Chart:
BitcoinZ is a new fork of Zcash that I find very interesting. It is very new at the moment so I am interested to see where this coin goes in the future. I hope this post helped you gain some knowledge of BitcoinZ! Let me know what you think of it!