Bitcoin fork Bitcoin Private BTCP, The best bitcoin fork ever!
Bitcoin private has taken the best privacy features from zclassic and implemented them in to the bitcoin blockchain. Many experts are expecting this fork to be the most valuable bitcoin fork so far. The supply will depend on how many people claim there BTCP from holding either bitcoin or zclassic at a 1:1 ratio. Many experts have estimated there to be only 4-5 million supply which could push the price very high!
Private
Bitcoin Private will use the same privacy technology as ZClassic (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable.
Decentralized
Just like Bitcoin, Bitcoin Private 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.
Fast
Unlike Bitcoin, Bitcoin Private will support a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.
Open Source
Bitcoin Private's entire codebase is publicly available for viewing and verification by anyone. It will always remain open source and be maintained by an ever growing community.
Community Driven
In the nature of transparency and open source, Bitcoin Private is developed by team members all over the world. Each member fills roles and contributes based on his or her skill sets.
A Fair Start
There will be no premine, and no founder's reward. Bitcoin Private will be released in a fair manner to all. Coins will be distributed on a 1:1 basis to BTC and ZCL holders.
Wouldn't be to quick to call it the best fork ever.
https://steemit.com/cryptocurrency/@crypto2crypto/why-i-did-not-participate-in-zclassic-zcl-bitcoin-private-fork
This fork has caused a lot of jealousy which means one thing, it's succeeding!
If you believe this is a jealousy thing you are sadly mistaken. I was in zcl from $3 when it took off so I made a bunch of money, but facts are facts. Pretty sure this will lose its developers to the next fork as well.
Of coarse you did, you know everything don't you. Lol your too much
It would seem a lot more then you.
Oh ya I bought bitcoin at 5 cents and sold at 20k blah blah blah
Nah bought at $650 and I wish I sold at 20k. 😂
Trade it for some snarky
BTCP is the best!
Hey thanks for tell me about this fork $$FREE MONEY$$, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
Also wrote some about Zclassic. https://steemit.com/trading/@akinnfenwa/buy-the-dip-zclassic
I can't find it in coinmarketcap, where we can trade it ?
It hasn't been released on exchanges yet. It should be trading on bittrex kucoin binance and some other exchanges next week. Once the fork is complete and exchanges have supporting wallets trading will begin and coinmarket cap will have it listed.
The only thing that slightly annoys me is that it kind of seems like they just forked off Bitcoin to have the Bitcoin brand name.
The name is perfect, it tells the world exactly what it is with it's name. It really is a private bitcoin blockchain. These developers found a use case for this fork that hasn't been done. There is a huge market for this, I wouldn't underestimate it.
Yeah but why the bitcoin chain? Isnt Bitcoin basically the exact opposite of private? Everyone knows how much money is on any adress and every transaction is in a public ledger
Why the bitcoin blockchain? It's the most secure and robust blockchain in the world! Period.
Isn't bitcoin the opposite of private?
Yes without the privacy features that BTCP has, the original bitcoin isn't private. That is the whole point of BTCP, to implement the privacy feature (zk-snarks) to bitcoin making it completely un trace able
But the Bitcoin blockchain security comes from the huge amount of mining power behind it which makes it extremly difficult(basically impossible) to manipulate it. But if we take the same technology and use it with less miners it becomes much less secure. If a big mining farm decided to put all their mining power in the btcprivate network, (over 50% which is not that hard because their probably wont be a lot of miners) they could actually decide every transaction on the btcprivate blockchain and basically make the currency useless. What i am saying here is that the only way btcprivate can be a safe blockchain is if there are a lot of miners.
I'm referring to the security of the well written code of it's network. You don't need that much mining power to secure a blockchain otherwise every small cap coin would have been hacked already. Look at how many bugs are in ethereum's network, It's not as secure in terms of properly functioning code. Hashing power has nothing to do with a hacker exploiting bugs and stealing your coins. Bitcoins blockchain has 400 developers working on it, some of which are the best in the world.
I didn't understand you correctly. Thanks for your reply
Actually, the tech behind bitcoins blockchain is the most secure in the world. It is a true bitcoin blockchain that is faster and private. They didn't just take the name.
Bitcoins Blockchain just seems like a weird choice for a privat coin, because it is basically the exact opposite. I think the tech behind Bitcoins blockchain is great, it just seems confusing to me. They could have just as well used an actual privacy coin like monero to fork of/ combine with the zclassic chain.
@originalworks
The fundamentals are so strong, I bet the market cap will exceed BCH
I got in right before the fork. It may sink, it may swim. We shall see.
I have a feeling roger ver will pay off exchanges to prevent btcp from being listed. The fear is real, which means only one thing. The competitors are worried of btcp taking all there market cap.
Fantastis @cyberblock