Pre ANN- the binary digit zero knowledge electronic currency BZC BITZEC/POW

[Bitzec]

Algorithm equihash 144.5  

7bn max supply
1   2.5 minute blocktime /2mb
Sapling active  at block 35k (zcash 2.0) fork



www.github.com/bitzec/bitzec  (Developers feel free to add 1 or 2 zec adresses on the development fund a.k.a founders reward adress list)
Dev fund 20% 5 years similar to zcash from blockreward

linux/ubuntu Version for testing or windows 10 with ubuntu, it should run on the  zec chain till  block 400k (testers welcome )after that it should fork from zcash to its own chain on ZHASH (equihash 144.5) algorithm ,ZK with sapling activated and 1   2.5 minute block time
BTCZC


since there are allready asic resistante zcash forks  .  
bitzec will have the same asic friendly algo as zcash for  the near future.









www.bitzec.org

www.twitter.com/bitzecorg






Block/Mining Reward /Halving (decreas) Plan:  

https://github.com/bitzec/bitzec/blob/master/doc/imgs/blockreward%20.png

30k first blocks will have 777coins reward  every 2 min  ( kinda slow start)
slowstart till bock 7777

https://github.com/bitzec/bitzec/releases
version 1.0.0 released


ANN https://bitcointalk.org/index.php?topic=5045890.msg46638698#msg46638698

[1715321951]

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[1715321951]

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[monsanto]

20% mining reward for 5 years
10% for zcash team 10% for bitzec and helpers

Why are you giving 10% to the zcash team? aren't they already getting paid enough?  

[Bitzec]

20% mining reward for 5 years
10% for zcash team 10% for bitzec and helpers

Why are you giving 10% to the zcash team? aren't they already getting paid enough?  

  what you think should we do 5% for bitcoin core and 5% for zcash ? 

[monsanto]

20% mining reward for 5 years
10% for zcash team 10% for bitzec and helpers

Why are you giving 10% to the zcash team? aren't they already getting paid enough?  

  what you think should we do 5% for bitcoin core and 5% for zcash ? 

The 20% mining reward is like the Founders reward in zcash right? And then you were going to split that between the zcash team and bitzec as I understand.  Who then is the "zcash team"? the original zcash devs?  Maybe I'm not understanding but I've never heard of a forked coin paying funds back to the devs that created the original network. 

[Bitzec]

Yes ,  you made me think about to split that 10% again in two ,half of it for bitcoin core devs .. lets see if we can get an official  zec adress from the core  guys

[monsanto]

what you think should we do 5% for bitcoin core and 5% for zcash ?  

I think the zclassic fork got rid of the entire founders reward altogether.  If I were you I'd just take 10% for yourself and get creative with the other 10%.  You could do something like use the other 10% for an ongoing airdrop or some other giveaways and bounties that will get people interested in this project.  I don't think I've seen that tried before, where a percentage of miner rewards gets redirected into an ongoing airdrop.

[Bitzec]

what you think should we do 5% for bitcoin core and 5% for zcash ?  

I think the zclassic fork got rid of the entire founders reward altogether.  If I were you I'd just take 10% for yourself and get creative with the other 10%.  You could do something like use the other 10% for an ongoing airdrop or some other giveaways and bounties that will get people interested in this project.  I don't think I've seen that tried before, where a percentage of miner rewards gets redirected into an ongoing airdrop.

Yeah  think will try to  go that route ..  thanks

[Bitzec]

Linux wallet is ready for testing. Windows users can install virtual box with ubuntu , wait for zcashs blockhigh 400k and mine with cpu /gpu 
Have fun ya
Peace

[aileen393332xe5157]

Linux wallet is ready for testing. Windows users can install virtual box with ubuntu , wait for zcashs blockhigh 400k and mine with cpu /gpu 
Have fun ya
Peace

Having the Linux wallet ready for testing has marked a significant step forward in the project. Did the test result affect the project? If the test does not work well, what will happen?

[timenewroyal]

Wow..I really found this project an excellent and well planned. I hope it will rise up and succeed in.

[canwithme]

How BZC does provide support to the users with different areas of ecommerce, payments and investments?

[Bitzec]

Linux wallet is ready for testing. Windows users can install virtual box with ubuntu , wait for zcashs blockhigh 400k and mine with cpu /gpu  
Have fun ya
Peace

Having the Linux wallet ready for testing has marked a significant step forward in the project. Did the test result affect the project? If the test does not work well, what will happen?

most likely  it will delay the fork to another blockhigh

  some rcp tests failed because of zcashs updatenetwork info  .. its my first that kind of project .. so without nakamotos dev skills it will take some more time than planed i guess

Hope will figure it out

[Bitzec]

Wow..I really found this project an excellent and well planned. I hope it will rise up and succeed in.

   oh ok ,,  thank you

[Bitzec]

How BZC does provide support to the users with different areas of ecommerce, payments and investments?

Its still in earlie pre ann mode

[Bitzec]

Wow..I really found this project an excellent and well planned. I hope it will rise up and succeed in.

thank you

[toyo87]

how come your site is redirected to github?

[toyo87]

How to mine and available mining pool?

[Bitzec]

 all infos on github

Can be mined with cpu till pools and asics show up

[Bitzec]

How to mine and available mining pool?

 

[dr.Marcy]

When do you launch Wallet for windows?