Bitcoin Privacy Issue Being Tackled by Upcoming Bitcoin Private Fork?
Bitcoin is the first crypto currency to help the "Average Joe" transfer value from one user to another virtually, relatively inexpensively, with some anonymity. The surge in mainstream adoption and speculation in 2017 has caused some serious issues with transaction speed and cost per transaction. In addition, the fact that Bitcoin is not private has become mainstream knowledge. Transactions on the Bitcoin Chain are currently not transparent, as it is an open ledger. We have had some forks in the second half of 2017 that addressed the transaction speed & cost per transaction. Forks like Bitcoin Cash and Bitcoin Gold, are a couple to name but neither have been able to incorporate a useful anonymity feature and be able to conquer all three issues, speed, cost and privacy.
Along comes Z-Classic ......
Rhett Creighton the creator of Z-Classic ( a more decentralized fork of Z-Cash ) , has announced the creation of Bitcoin Private. Bitcoin Private will fork on 2/28/18 and HODLers of Z-Classic and Bitcoin will receive 1 Bitcoin Private Coin. Therefore it is currently attractive to purchase Z-Classic at approximately $150 per coin today vs Bitcoin's current price of $11,000. Please follow Rhett Creighton @HeyRhett & Bitcoin Private @bitcoinprivate on Twitter for the most up to date information on this exciting fork.
In my opinion it makes sense for crypto speculators to buy a ton of Z-Classic pre-fork in order to max out on the most amount of Bitcoin Private possible at the best possible price. The current circulating supply of Z-Classic is also only 3,201,888 ZCL compared to Bitcoin's circulating supply of 16,834,562 BTC. Another interesting fact is that Z-Classic is 1/3 of the price of Z-Cash. I believe Z-Classic will supersede the price of Z-Cash and could hit close to $1000 per ZCL a day or two before the Bitcoin Private Fork. There is a lot of news that still needs to hit regarding exchanges supporting the Bitcoin Private Fork. The HODLers of Z-Classic should be in for a good month of upside leading into the fork. As always, do your own research.
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