Ok so here we go with hard fork #2
And you probably guessed it correct again, Bitcoin Private or BTCP is the hard fork that will be highlighted today. I will proceed the same way I did yesterday with Litecoin cash where I basically provided a few pointers about this coin in a FYI format, and they are as follows:
1). The snapshot is scheduled to happen on Wednesday 02/28/2018 with the fork date and main net launch scheduled to happen approximately 2 days later.
2). Anyone holding Zclassic ZCL and Bitcoin BTC (who owns their private key) will receive a 1:1 ratio of BTCP.
3). Here is an example, If Bob is holding 1 BTC as well as 1 ZCL at the time of the snapshot, Bob will receive 2 BTCPs
Hopefully that example was simple enough for everyone. For anyone wanting to find out more about the BTCP hard fork, click here.
BTCP is or will be a privacy coin like Monero XMR, the development and marketing team is most likely using the bitcoin name to draw the attention to the coin also combining that with the privacy of ZCL to delivery their perfect coin. I have noticed a spike in the ZCL price over the past several weeks and I would assume a part of that spike may have been attributed to the news surrounding the upcoming hard fork. We all know that Bitcoin will continue to be Bitcoin in the marketplace which leads me to my main concern in this particular hard fork, Lets make a positive assumption that the BTCP hard fork is successful and is quickly adopted in the marketplace (which is possible), What would become of ZCL and their investors thereafter?
Your comments are greatly appreciated
Cheers.