Call to Miners to Support Privacy Coin - Bitcoin Private (BTCP)
Call to Miners to Support Privacy Coin - Bitcoin Private (BTCP)
BTCP is a Merge Fork of Bitcoin(BTC) and ZClassic(ZCL). It promises all the benefits of BTC (Lightning, Atomic Swaps) and ZCash (ZK Snarks, Sprout & Sapling Updates) Meaning it would be the only coin with ZK Snark Enabled Lightning Network, with added benefits of reduced proving time & memory usage.
ZK Snarks are an important aspect of the BTCP Privacy Protocol because in basic terms you can prove the transaction to be true and sound without divulging transaction information such as amounts or addresses. Because of this, any onlooker cannot determine if a transaction is a legitimate transaction or simply noise in the network.
ZK Snarks are a truly revolutionary technology and the Bitcoin Private team has managed to sew this technology directly into your favorite coin, Bitcoin! In Feburary, everyone who holds Bitcoin or ZClassic were given BTCP at an equal ratio.
BTCP Specifications
Circulating coin supply: http://explorer.btcprivate.org/status
Total coin supply: 21 million
Block reward: 1.5625 BTCP
Block time: 2.5 min
Block size: 2 MB
Halving schedule: 210,000 blocks
Privacy protocol: zk-SNARKs
I mentioned that this coin would have Sapling and Sprout updates from the ZEC team but also incorporate groundbreaking technologies from BTC. But its going to do this with only a 2.5 minute block time AND a 2mb block.
This means there will be plenty of space and scalability capabilities in this highly private coin.
How to Mine
You can access the Development Pool using the link below.
http://pool.btcprivate.org/
For information about connecting your miner to the BTCP pool use the link below.
http://pool.btcprivate.org/connect.html
Mining Rewards
While block reward is low(1.5625 BTCP), the price of BTCP is also very affordable. One might recommend a combination of investing and mining while supporting this exciting project.
Imminent Growth
You have a minor misspelling in the following sentence:
It should be truly instead of truely.Thank you @grammarnazi :D
he's a bit pedantic about spelling. lol
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cool. ive been wondering what is up with bitcoin private. thanks for the update and nice visuals you included. how do we claim our bitcoinprivate from the Zclassic we held before the snapshot?
You can import your ZCL private key into the bitcoin private electrum wallet. Should show up for you instantly. Ping me on discord if you need a hand GK#5321
Nice one. U got to do a piece on how to buy BTCP. I currently get them from HITBTC. It's a pain sometimes. Wonder when the main exchanges will include BTCP