Update: Please see details about our Voluntary Miner Contribution Program
here.
BITCOIN PRIVATESimilar to Bitcoin, BTCP 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, BTCP supports an increased block size and block time for faster transactions with lower fees. Furthermore, transactions can be performed on a private (z) ledger. When sending from one private address to another, the sender, recipient, and amount are all private.
The importance of Bitcoin PrivateRecently, it has become clear that the crypto community’s privacy is at risk. Everytime one makes a transaction on the Bitcoin blockchain, the transaction is recorded on the blockchain in perpetuity for anyone to see. We have seen the BitFury Group use this information to de-anonymize over 15% of the entire Bitcoin network, along with many other examples. This led us to create Bitcoin Private (BTCP) - a fork-merge of the ZCL & BTC blockchains and introduction of the zk-SNARKS feature to Bitcoin.
The hard fork will allow users to safely transfer their digital currency without any threat to their privacy, known as “shielded transactions, on the Bitcoin Private blockchain. For example, transactions would still take place on this Bitcoin based blockchain, except without being recorded anywhere on the ledger-- thus leaving absolutely no trail of your transaction details to anyone other than the sender and recipient. This has never been done before with any Bitcoin hard fork. Ultimately, privacy was once a cornerstone of Bitcoin but can no longer be guaranteed today.
Aside from the shielded transactions, Bitcoin Private is also making transactions faster and more efficient by doubling the Bitcoin block size from 1MB to 2MB.
Bitcoin & ZClassic Snapshot DateThe Bitcoin Private contribution team announced the much-anticipated snapshot date of both Bitcoin & ZClassive which are scheduled to occur on February 28, 2018. This announcement was made at the first official Bitcoin Private Conference held in Austin, Texas. The fork date and mainnet launch is scheduled to occur ~2 days later.
Bitcoin Private will be distributed on a 1:1 basis. This means, that for every 1 ZClassic (ZCL) or 1 Bitcoin (BTC) held during the snapshot, holders will receive 1 Bitcoin Private. For example, if someone holds 20.3 ZClassic and 1.5 Bitcoin, he/she will receive 21.8 Bitcoin Private.
Moving forward, the Bitcoin Private team will continue securing appropriate partnerships to bolster the Bitcoin Private initiative. You should expect announcements around these partnerships to continue throughout 2018 as we seek to build a sustainable technology platform.
We anticipate our development team to continue growing in headcount and skill set, which allows us to build out our ambitious post-fork technology roadmap. The successful execution of our roadmap will allow Bitcoin Private to deliver superior value to other Bitcoin hard forks, especially around privacy and transaction speeds.
Ultimately, we believe in a cryptocurrency world where everyone can trust their privacy will be respected.
FREQUENTLY ASKED QUESTIONSWho is running the project?See our team
here.
When is the hard fork date?The BTC+ZCL snapshot date for the long awaited Bitcoin Private Hardfork will occur on February 28th, 2018. Fork Date and Main Net Launch is approximately 2 days later.
How will BTCP be distributed? If you have 1 ZCL, you keep 1 ZCL and get 1 BTCP, if you have 1 BTC, you keep your BTC and get 1 BTCP.
What is going to happen to ZCL after the hard fork?It will still exist, though we are unsure how its development will continue as of right now.
Is there a premine or a founder's reward?No to premine. We asked the community about a small founder's reward and the support was not overwhelming.
What exchanges will support the fork? As of right now, we can not comment on exchange support.
Where can I store my ZCL to ensure I get my BTCP?Please refer to
https://zclassic.org for latest releases.
How do I mine ZCL?We recommend you join our
Voluntary Miner Contribution Program.
How do I get involved in the fork?Please reach out to us on Reddit, Twitter, Discord, or Telegram.
Where can I buy ZCL right now?Bittrex, Cryptopia, and Coinexchange.io
How do I claim my BTCP from ZCL?Backup your private keys in any ZCL wallet and then import them into the BTCP wallet which will be released on the fork date.
How many BTCP will there be after the fork?There are approximately 3 million ZCL and approximately 16.7 million BTC, so there will be approximately 19.7 million BTCP after the fork.
Can I donate to the team?Yes you can! We're all volunteers and as such your donation is greatly appreciated. See the below wallet addresses. You can also join the
Voluntary Miner Contribution Program and if you aren't a miner, you can still join the program by following this
guide.
Bitcoin Private (BTCP)Press:
bitcoinprivatemarketing@gmail.com Website:
https://www.btcprivate.org Twitter:http://www.twitter.com/bitcoinprivate
Telegram Group:
http://t.me/bitcoinprivate Telegram Announcements:
http://t.me/bitcoinprivatenewsGithub:
https://github.com/BTCPrivate/BitcoinPrivateCoinmarketcap: TBA
Reddit:
https://www.reddit.com/r/BitcoinPrivate/Discord:
http://discord.gg/9DyxXnxExchanges: TBA
Contribution Team Donation Addresses:
BTC address: 1CqSD9rxdQnKEwzqqbLwpgwCeQikFCifPj
ZCL address: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
LTC address: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BCH: 1MxJteinBWHMUibDxADujrgzXfX1LeVZKN
ZClassic (ZCL)Website:
http://zclassic.org/Explorer:
http://explorer.zclmine.proANN:
https://bitcointalk.org/index.php?topic=1671982Github:
https://github.com/z-classic/zclassicCoinmarketcap:
https://coinmarketcap.com/currencies/zclassic/Reddit:
https://www.reddit.com/r/ZClassic/Twitter:
https://twitter.com/ZclassicCoinTelegram News:
https://t.me/bitcoinprivatenewsDiscord:
https://discord.gg/BGbC88cZCL Electrum Wallet:
https://github.com/BTCP-community/electrum-zcl/releasesZClassic Exchanges:
https://bittrex.com/Market/Index?MarketName=BTC-ZCLhttps://www.cryptopia.co.nz/Exchange?market=ZCL_BTChttps://www.coinexchange.io/market/ZCL/BTCSetting up ZCL wallet nodes:
https://redd.it/7n9ily