simbav
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February 10, 2023, 10:34:31 PM |
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1) BitcoinZ can already handle 8x more transactions per second than Bitcoin.
2) BitcoinZ is scalable so by reducing just its block time to 30secs can have instantly 40x more transactions per second in comparison with BTC (& so on...)
3) The BITCOINZ network is based on the ASIC Resistant algorithm for all these years. So it discourages people to use mining equipment.
The idea is to base its network mostly on PCs that are used even for many other things in parallel since their PCs for mining use only the GPU. Most PCs are used at the same time for web apps, office suites, communication, social media etc Not all people use mining rigs.
4) Even its algo is far less power-hungry in comparison with Ethash or other algos. A card with just 120w can have a temp below 60 Celsius offering 80 Sols.
5) There is no POS change chance for BitcoinZ because the PoW is the only original cryptocurrency model that ensures decentralized coin distribution to the community.
Most PoS projects have 100% pre-mined supply which was allocated to their founders' wallets. Or those who change to PoS wish to distribute the rest of the supply to the existing holders, they don't do it for a "green effect".
6) It is hypocritical to say that you are troubled with the environmental effect of the PoW nature of BitcoinZ. Even if BitcoinZ had much more transactions & miners, the energy that it would burn would be much less than the power that an average single bank uses for its network. (Simply because its algo is super less power hungry, most devices that mine are used for many other things as well and its transactions can be scaled easily to 40x than BTC or even more).
& last but not least, offering a real alternative network, 100% Decentralized, ideal for borderless, almost zero fee transactions is a noble cause that deserves this minimal amount of energy.
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simbav
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February 10, 2023, 10:37:53 PM |
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Regulation for PoW is next to impossible. These are just fireworks-announcements because the bankers know well that the PoW/mineable coins are the real crypto.
Their networks cannot be shut down. Only if the internet is shut down globally, a PoW network can be stopped. There is no other way. Nobody can force you to uninstall programs in your PCs or to blackmail you in order to not install a program. They should cancel Democracy in order to do that. On the contrary, all the non-PoW chains are based on certain servers in most cases run by companies. It has been proven that these companies shut down the networks on will. Some recent examples are Solana, Luna, and Cosmos. The Governments know well that the only truly decentralized networks and the crypto "threats" for their system come from the PoW model which is behind the original crypto idea. Logical people tend to believe that many DEFI companies pretending to be cryptocurrencies have actually been funded by the system and the governments in order to spoil and cheapen the crypto idea and in the end make everyone to fear of it. Because without the thousands of useless tokens and meme assets and their mother chains, the classic cryptocurrencies would have been unstoppable widening their audience. (& they still do well but with so many fiascos and scandals there is everywhere now a freaking story of a scam exit, a perfect storm for more regulation in general and of course many people who think that crypto is gambling with a dog meme coin). If you see the bigger picture, all these shit had NO relation with the original crypto idea! They took the "crypto" title and they abused it hard.
1) Cryptos were about Decentralization. A network that is not controlled or censored by anyone... PoW is that. These company-launched chains do the opposite. They can stop the network anytime. There are no users running any node. They have the illusion that they participate by storing coins in the server of a company.
There is no decentralization in the way of distribution either. The founder takes it all in most cases and they are just selling the coins afterwards. They become a millionaire and a "crypto prince" out of nowhere with the power to talk in the name of "crypto" despite the fact that their assets should not be even considered real crypto - lol very oxymoron! (edited) 2) Cryptocurrencies were about Hedging against inflation. PoW chains with immutable supply do that... In contrast, these company-launched "Defi" chains' target is to have unnumbered assets built on their chain, many times promising that you will get extra assets for holding another asset and returns if you keep coins stored etc. Some of them have not even have max supply or they change the supply anytime they wish. This is again exactly the opposite, it is inflation that would create a bubble ready for bursting.
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simbav
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February 11, 2023, 12:56:08 PM |
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Cryptos were about financial freedom and trustless transactions (no need to trust a third party like a Bank in order to make a tx). PoW classic cryptos do that... The Defi company-based PoS chains do exactly the opposite. Due to the aforementioned, the founders have so much power and have centralized and hyper-inflated everything in one network so - The users in the end have to face a congested network with crazy fees (like ETH) and - the users have to trust the Solana or Luna or Cosmos or any other company that is behind the network with everything being dependent on its infrastructure (since there is no decentralized network run by each user with the mining process) and the company can either plan a rug pull or shut down the network anytime because of some issues like they have already done in the past.
So how we ended up with more than 20000 assets calling themselves "cryptocurrencies" but actually doing exactly the opposite from what a cryptocurrency is supposed to originally do?
" If you can't beat them, join them " This is what the system's puppets did and they did it very well. Because now: a) almost nobody knows what cryptocurrency is. Most people think that it is a scam or inflationary meme tokens.
b) they have the perfect reason for... regulations
c) they divided the crypto community in many and most importantly completely different (quality-wise) teams. (edited)
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simbav
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February 11, 2023, 12:57:15 PM |
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Why BitcoinZ is really Decentralized and we use the "In Decentralization We Trust" moto : BitcoinZ is Decentralized at every level.
1) its network because it runs exclusively from PCs of everyday use and not predefined servers that a specific company provides or ASICs so the network is truly uncensored and cannot be shut down due to any founder's will like it has taken place to many other networks.
2) Coin Distribution because there were no founders allocating any coins to any address during the launch. BitcoinZ is 100% PoW with no ICO sales or premine and only by mining you can get new coins
3) Decision Making because it is truly 100% Community Driven and the members vote for all the important decisions about the project This is why BitcoinZ's moto is In Decentralization We Trust
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simbav
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February 11, 2023, 12:59:21 PM |
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response to: "I don't like PoW because of the environmental footprint on the planet"
I am an engineer. I love math. It is an exact science. I will give a relatively simple example. BitcoinZ is ASIC-resistant and therefore can be mined only with video cards (GPU). If we take an average of 1 GPU had a power consumption of about 250 watts. Now let's take all the miners of the omnipresent Bitcoin itself which has around 5 500 000 miners. If all Bitcoin miners, assuming they are GPU miners like I mentioned BitcoinZ is ASIC resistant and transfer them to BitcoinZ that's pure and simple 5,500,000 miners times 250 watts on a video card it is equal to 1 375 megawatts. This is a power of a small hydroelectric plant. So, one small hydroelectric power plant in the whole world can power all bitcoin miners to mine BitcoinZ. it is simple as that. It is small because 10 miles from me there is such a small hydroelectric power plant with 2 turbines. 600 and 800 megawatts respectively. The plant has an area of 3 decares. I know that because the people that work there are my friends and I've been there many times (my village is 1 km away). The amount of water needed to operate both turbines is 2 m3 per second. This plant CAN supply the necessary amount of electricity for more than 5 million miners. What environmental footprint on the planet are you talking about on Asic-resistant cryptocurrency.....
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simbav
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February 11, 2023, 01:01:42 PM |
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Why has BitcoinZ remained so undervalued for all these years?
1) BTCZ had the fairest rules so there was no founder acting as a central authority, getting coins for free and paying with these coins influencers, CEXes etc
2) Even those who have volunteered for the Project and tried to build Community social media profiles etc have never followed abusive practices like buying fake followers on Twitter / Reddit or paying for fake watchlist numbers like most (scam) "Crypto" projects do. You can check it yourself... there are Twitter profiles that have 80k followers and 10 interactions in their posts. BitcoinZ has 4k followers and 100+ interactions in most posts. So there are real people and not bots.
3) Because of the above the project had been ..."unpleasant" to many company-driven projects, crypto scams, Influencers who are getting money from those, Reddit channels that are paid dearly for promoting fraudulent tokens etc. So there had been many attempts to undermine BitcoinZ intentionally in the past and even now there are many ...entities that don't want BitcoinZ to succeed. But obviously, this Project is undead, its community expands organically and it is a matter of time to be more popular.
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simbav
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February 11, 2023, 01:04:04 PM |
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About rebranding and renaming, please everyone feel free to use this. Here we are let's make a synopsis again of why BitcoinZ makes no sense to change any name : BitcoinZ is a Community Driven project, not a Company's product that a CEO decided to make more appealing by spending a specific budget. BitcoinZ volunteers have worked all these years in a Decentralized environment with many of them even never communicating with each other. It would be extremely difficult to synchronize everyone towards a name change. BitcoinZ was launched with this name because it combines the Bitcoin Fundamentals (Decentralization/ Community Driven Character/ Fair Rules ) with Zero Fees, ZK-snarks privacy and Z-Hash ASIC Resistant algorithm. Changing a name that reflects reality is a really bad idea In the World of Cryptos with so many scams and rug pulls, longevity is considered the ultimate virtue. Making a rebranding to a Project that has successfully not only survived all crypto winters but has expanded its Community for many years in contrast with 20,000+ projects that have been vanished, is a very bad idea There is no indication that the "Bitcoin" branded coins of the past had poor performance. Actually, even stupid chain forks of BTC enjoyed very good positions in the crypto cap list & in the case of BitcoinZ the name truly reflects much more Even if someone would like to ignore all the above points he/she should convince the development council and the community the name is not among the immutable characteristics of the coin and that change is needed. Even if he/she makes to convince everyone about this change he/she should be ready to bring a huge team in order to work for free for all the associated things with such a rebranding: BitcoinZ is almost 6 years old and has Decentralized Ecosystem with implementations in several exchanges, platforms, partners, apps, community sites, statistic sites, of course, Github repos and at last but not least a HUGE media portfolio made by multiple members that put their small or big stone in this, articles, youtube tutorials, videos, artworks, graphs, calendars even physical items like pens, flags, stickers etc that would refer to the old name and a big part of them should be reworked for the new name. This last point is strongly connected with point one, showing that for an old Community, this is next to IMPOSSIBLE to have all these things changed because this is not a Company with a budget that would rename a specific product, nor a centralized crypto whose founder decided to change its name after some months. This is work of many years by many different people that cannot be delivered by a couple of people who just dream of a logo change or a name change thinking that this is just a matter of voting.
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simbav
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February 11, 2023, 01:06:55 PM |
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BitcoinZ (BTCZ) is now available in the tokenized form in Binance Smart Chain significantly expanding the BitcoinZ Ecosystem. Developers of the BitcoinZ Community have cooperated and delivered Connect-Z, a new Gateway that is bridging the BitcoinZ ecosystem with Binance Smart Chain and even more blockchains in the near future. The user can now turn native BTCZ coins to the same number of tokenized BTCZ (wBTCZ) that are released in the Binance Smart Chain. The ratio is 1:1 and the native coins are automatically locked in the Gateway since the maximum supply of BTCZ is immutable. In the same way, a user is able to change back wBTCZ for native BTCZ. In this scenario, the wBTCZ tokens are automatically burnt in order to unlock BTCZ in the native BitcoinZ blockchain. Contract address: 0xcBBB3e5099F769F6d4E2b8b92DC0e268f7E099D8 ConnectZ bridge: https://bridge.btcz.rocks/
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simbav
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February 11, 2023, 01:08:33 PM |
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Now the #BitcoinZ Community members can easily track the status of each network’s service using the #BTCZ Network Status Dashboard @here! Special regards to Marcelus & his team https://getbtcz.com/bitcoinz-network-status-dashboard/
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simbav
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February 11, 2023, 01:10:17 PM |
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BitcoinZ's listing in WhiteBit has been finalized. ( You can trade it with USDT and BTC pairs). You Probably wonder why this had not been announced during the previous weeks. There were parts payments that had to be paid and the procedure has been completed, thanks to the great donor that helped and of course the help from all the members who donated. Special regards to @chancefx, @Rok and @everyone else who made this happen! https://whitebit.com/trade/BTCZ-USDT?tab=balances
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simbav
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September 24, 2023, 02:11:06 PM |
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Hey @everyone! It's been exactly one year since the launch of ConnectZ with the BSC bridge I'm now happy to announce that the ConnectZ service is being updated with a new bridge: please everyone welcome the ETH bridge!!! In the next few hours, when visiting https://bridge.btcz.rocks/, under "Destination chain" and "Source chain", other than the usual "BINANCE SMART CHAIN" you will also find the "ETHEREUM" option. PLEASE BEWARE that this is a TESTING PHASE: the bridge is NOT yet on the Ethereum mainnet: it is on the SEPOLIA test network. Therefore: To use it, you will need to select the "Sepolia" network in your Web Wallet All funds present in the TEST-ETH bridge will be LOST when the testing phase ends, so after wrapping whatever amount, please be sure to also un-wrap it back to your BTCZ address DO NOT wrap BIG amounts of coins: it is a TEST, so problems can happen and funds can be lost. Please be aware of the risk Thank you to whoever decides to help us in this testing phase and to all those who look forward to this new addition to the ConnectZ service IMPORTANT: due to the ongoing update, the bridge may not work properly during the following hours. Try reloading with F5 (uncached reload) and see if it helps.
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simbav
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September 24, 2023, 02:31:27 PM |
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Happy 6 years Anniversary #BitcoinZ! Another superb year with
– Four new exchange listings
– ConnectZ Gateway offering BitcoinZ in Binance Smart Chain as wBTCZ
– Extra use cases with Space-Z leading the way
– Extra Tip Bots
– More ommunity members than ever
– Z-Brain meetings
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simbav
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December 26, 2023, 11:09:19 PM |
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Hello, my name is Simon and am presenting the BitcoinZ community. It is with great excitement and enthusiasm that I present an opportunity for the BTCZ Community to expand it’s market reach and increase the ease of market entry for new investors and developers. BitcoinZ is a 100% decentralised coin since 2017 and for many years, one of our largest challenges has been to reach the USA market. This challenge can be overcome now since we have been given the opportunity to list on Changelly, https://changelly.com/ a Fiat to Crypto Payment Gateway! What is Changelly? Changelly was founded in 2015 with the goal of providing a fast exchange for Fiat to Crypto. They have grown to a company of over 80 Employees with over 500 Cryptoassets listed and over 350 API Partners including names like Exodus, Huobi, Binance, Trezor, Coinoni, HitBTC, Nexo, Cointelegraph, Jaxx Liberty, Simplex, Freewallet and many many more! BitcoinZ (BTCZ) has never had a Direct Fiat to BTCZ option before. With the integration into Changelly, many features and advancements are immediately available. People would be able to go to Changelly.com and use a Debit/Credit Card or Bank account to directly buy BTCZ. People will also have the opportunity to do so too on the Changelly app which is available on the Play Store and Apple store on their mobile devices and use a Debit/Credit Card or Bank Account to directly purchase BTCZ. Vidulum (VDL) Wallet https://vidulum.app/ will integrate the Changelly API into their wallet and users will be able to directly buy BTCZ with their Debit/Credit Card or Bank Account inside their VDL Wallet. The entire USA and Worldwide market will now have easy, simple access to purchase BTCZ, hassle free. BitcoinZ (BTCZ) will be listed on the Changelly Exchange. Many exchanges, apps and websites use Changelly, we will be introduced to all the Changelly partners and would be able to ask them to list BTCZ on their platforms. Since they already have the Changelly API Integration we should be able to get new listings. Developers who want to build on the BTCZ Blockchain can easily integrate the Changelly API into any project they are building making it easier to monetize their projects because it will be easier for the user to pay with debit/credit card or bank account. The Changelly API integrates with DEX Exchanges! The BTCZ Team can integrate the Changelly app into the BTCZ DEX and take Fiat to Crypto trades! Developers who use the Changelly Api with their projects can earn money by setting exchange rates and transaction fees. So developers can monetize their BTCZ Projects. Upon listing, Changelly will roll out a marketing program for us. They will place banners on their website showcasing that BTCZ was added to their platform, they will post about the coin on social media, do email blasts, announce a large press release on the Changelly Blog and notify all their partners that BTCZ has been added to their platform. The Changelly API will integrate with PancakeSwap driving the Volume higher on PancakeSwap. As volume increases on Pancake swap, BTCZ will start showing up in Trending lists on PancakeSwap giving BTCZ higher visibility and likelihood of getting noticed. Changelly has agreed to list us for a €15,000 Listing Fee, which can be made in 3 payments. The first payment of €5,000 to be made at the time of integration, then a second payment of €5,000 30 days later, and then a final payment of $€5,000 30 days after the second payment has been completed. This gives us 60 days after the integration payment to fully pay out the fee. We will need the community, which is you and whatever great help you can provide to come together to raise the funds necessary to list on Changelly through donations. I personally believe this listing is a great opportunity to improve and grow BTCZ as it solves some major challenges the BTCZ project has unfortunately had for quite some time. https://funding.24nerd.com/
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simbav
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March 14, 2024, 11:19:15 AM |
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Unlocking the Potential of BitcoinZ
In a world where financial freedom is paramount, BitcoinZ (BTCZ) emerges as a beacon of hope—a revolutionary digital currency built on the principles of decentralization and community empowerment. Established in 2017, BitcoinZ isn't just another cryptocurrency; it's a movement aimed at democratizing finance and providing individuals with the tools they need to take control of their financial destiny.
What Makes BitcoinZ Unique?
BitcoinZ stands out in the crowded cryptocurrency space for several reasons:
Community-Driven Revolution: At its core, BitcoinZ is driven by its vibrant and passionate community. Unlike traditional financial systems that are governed by central authorities, BitcoinZ is governed by its users, ensuring that decisions are made with the collective interest in mind. This decentralized governance model not only fosters transparency and inclusivity but also empowers individuals to shape the future of the currency.
Feeless and Fast Transactions: BitcoinZ is committed to feeless and fast transactions, making it the ideal choice for everyday transactions. Whether you're making a small purchase or sending funds halfway across the globe, BitcoinZ ensures that your transactions are processed quickly and efficiently, without the need for costly fees or intermediaries.
Privacy and Security: Privacy and security are paramount in the world of digital currency, and BitcoinZ doesn't disappoint. With robust privacy features and state-of-the-art security protocols, BitcoinZ ensures that your transactions remain private and secure, protecting your financial information from prying eyes and malicious actors.
Innovative Technology: BitcoinZ leverages cutting-edge technology to provide users with a seamless and intuitive experience. From its ASIC-resistant mining algorithm to its multi-platform wallets, BitcoinZ is designed to be accessible to everyone, regardless of their technical expertise or background. With features like Reachability, Block data pruning, SPV proofs, and zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge), BitcoinZ offers unparalleled privacy and confidentiality, allowing users to conduct transactions without revealing sensitive information.
Wrapped BitcoinZ (wBTCZ) and Bridge Integration
BitcoinZ offers even more versatility with its wrapped version, wBTCZ, which is seamlessly integrated with the BitcoinZ ecosystem. Through platforms like the BitcoinZ Bridge, users can convert native BTCZ coins into tokenized wBTCZ on various networks, including the Binance Smart Chain (BSC). This integration expands the utility and accessibility of BitcoinZ, enabling users to leverage its benefits across different blockchain networks.
VaultZ: Empowering the Community
VaultZ represents a significant upgrade for the BitcoinZ Project, serving as the Community Fund for ongoing development and expansion. Implemented with the 2.05 version, VaultZ was overwhelmingly approved by the community with a massive 96% YES vote.
How Does VaultZ Work?
VaultZ operates on a sophisticated and democratized funding mechanism, allocating a minor 5% percentage of every block reward to support the Community Fund. This mechanism enables the community to vote on funding proposals, ensuring that the best ideas receive support and enabling the project to expand at a faster rate.
Previous State vs. VaultZ
Prior to the implementation of VaultZ, the Community Fund relied solely on donations from volunteer members. With the introduction of VaultZ, the funding system became more effective and equitable for all members. While investors are still welcome to contribute additional donations to the Community Fund, VaultZ provides a structured and transparent mechanism for ongoing support and development.
Is VaultZ a Dev Tax?
No, VaultZ operates fundamentally differently from traditional developer taxes imposed by other cryptocurrency projects. Unlike developer taxes, VaultZ requires community approval for its usage, including determining the percentage allocated to the fund. This democratic and decentralized approach sets VaultZ apart as a truly revolutionary mechanism for community-driven cryptocurrency development.
BitcoinZ: Paving the Way for Everyday Use
BitcoinZ does not seek to replace Bitcoin (BTC) but rather aims to be the cryptocurrency of choice for daily transactions. With almost zero fees, super-fast transactions, and a commitment to the core principles of cryptocurrency, BitcoinZ offers a real alternative for those seeking a decentralized and efficient means of exchange.
Join the BitcoinZ Movement
Join us on this exciting journey and discover the limitless possibilities of BitcoinZ. Whether you're looking to invest, transact, or contribute to the development of the project, BitcoinZ welcomes you to be part of a movement that's redefining the future of finance.
Experience the Future of Finance with BitcoinZ
Experience the future of finance with BitcoinZ. Join us today and contribute to building a more inclusive, transparent, and equitable financial system for generations to come.
BitcoinZ Roadmap: Exploring Use Cases with zk-SNARKs and Exchange Listings
As we navigate the future of BitcoinZ (BTCZ), it's imperative to identify strategic pathways that leverage the power of zk-SNARKs technology while also considering our presence on top exchanges. Here's a glimpse into potential directions our journey could take, each representing a unique use case:
Smart Contracts: Revolutionize agreements and transactions with self-executing contracts, enhancing trust and efficiency in the BTCZ ecosystem.
Real Estate: Transform property transactions by enabling transparent, immutable records on the blockchain, streamlining processes and reducing fraud.
Accounting: Enhance financial transparency and auditability with zk-SNARKs, ensuring accurate and tamper-proof accounting practices within the BTCZ community.
AI (Artificial Intelligence): Integrate AI capabilities to analyze blockchain data for insights, facilitating smarter decision-making and predictive analytics.
NFTs (Non-Fungible Tokens): Empower creators and collectors with unique digital assets secured by zk-SNARKs, opening up new avenues for digital ownership and monetization.
Healthcare: Safeguard sensitive medical data while enabling secure and efficient sharing among healthcare providers, ensuring privacy and compliance with regulations.
Supply Chain: Enhance transparency and traceability in supply chains, enabling stakeholders to track products from origin to destination while combating counterfeiting and ensuring authenticity.
Insurance: Revolutionize the insurance industry by automating claims processing, reducing fraud, and providing more affordable coverage options through decentralized applications.
Media: Enable content creators to protect their intellectual property rights and monetize their work directly, bypassing intermediaries and ensuring fair compensation.
Gaming: Create decentralized gaming ecosystems where players truly own their in-game assets, fostering a vibrant economy and community-driven development.
In parallel with these innovative use cases, we are actively pursuing listings on top cryptocurrency exchanges to enhance liquidity and accessibility for the BTCZ community. By expanding our presence on reputable exchanges, we aim to facilitate easier access to BTCZ tokens, fostering broader adoption and engagement within the cryptocurrency ecosystem.
As we embark on this journey, let's explore these use cases with zk-SNARKs technology and continue to pursue strategic exchange listings, pushing the boundaries of what's possible in the world of BitcoinZ. Together, we can unlock new opportunities and pave the way for a decentralized future.
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simbav
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March 17, 2024, 08:29:57 AM |
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🍀 Unlock the Luck of St. Patrick's Day: Claim Your Free BitcoinZ! 🍀 To mark this joyous occasion, we're excited to offer all members of our BitcoinZ community a special gift: free BitcoinZ from our very own faucet! Visit the BitcoinZ Faucet at btcz.faucet.2mars.biz and claim your share of the luck.Just like discovering a pot of gold at the end of a rainbow, this faucet is your chance to add a little extra green to your crypto wallet. Don't miss out on this opportunity to boost your BitcoinZ holdings while joining in the St. Patrick's Day fun!May the blessings of the shamrock bring you prosperity and good fortune in your BitcoinZ ventures. Happy St. Patrick's Day from all of us at BitcoinZ! 🌈🚀
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Taxidermista
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May 22, 2024, 12:50:08 PM |
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Where the hell is this: mybtczwallet.org !!!? ? ? ?
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elmo40
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September 22, 2024, 12:39:14 AM |
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so... still alive?
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