Update: The fork began on March 2, 2017 and finished on March 3, 2017. You can read more on how to claim your BTCP
here.
BITCOIN PRIVATESimilar to Bitcoin, BTCP 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. Unlike Bitcoin, BTCP supports an increased block size and block time for faster transactions with lower fees. Furthermore, transactions can be performed on a private (z) ledger. When sending from one private address to another, the sender, recipient, and amount are all private.
You can read our whitepaper
here.
The Importance of Bitcoin PrivateRecently, it has become clear that the crypto community’s privacy is at risk. Everytime one makes a transaction on the Bitcoin blockchain, the transaction is recorded on the blockchain in perpetuity for anyone to see. We have seen the BitFury Group use this information to de-anonymize over 15% of the entire Bitcoin network, along with many other examples. This led us to create Bitcoin Private (BTCP) - a fork-merge of the ZCL & BTC blockchains and introduction of the zk-SNARKS feature to Bitcoin.
The hard fork will allow users to safely transfer their digital currency without any threat to their privacy, known as shielded transactions, on the Bitcoin Private blockchain. For example, transactions would still take place on this Bitcoin based blockchain, except without being recorded on the public ledger -- leaving absolutely no trail of your transaction details to anyone other than the sender and recipient. This has never been done before with any Bitcoin hard fork. Ultimately, privacy was once a cornerstone of Bitcoin but can no longer be guaranteed today.
Aside from the shielded transactions, Bitcoin Private is also making transactions faster and more efficient by doubling the Bitcoin block size from 1MB to 2MB and decreasing the block time from 10 min to 2.5 min.
The Future of BTCPWe continue to post our most recent updates to our
Medium. We have also released a highly ambitious roadmap which you can find
hereMoving forward, the Bitcoin Private team will continue securing appropriate partnerships to bolster the Bitcoin Private initiative. You should expect announcements around these partnerships to continue throughout 2018 as we seek to build a sustainable technology platform.
We anticipate our development team to continue growing in headcount and skill set, which allows us to build out our ambitious post-fork technology roadmap. The successful execution of our roadmap will allow Bitcoin Private to deliver superior value to other Bitcoin hard forks, especially around privacy and transaction speeds. Ultimately, we believe in a cryptocurrency world where everyone can trust their privacy will be respected.
BTCP SpecificationsCirculating coin supply:
http://explorer.btcprivate.org/statusTotal 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
FREQUENTLY ASKED QUESTIONSWho is on the BTCP Contribution Team?See our team
here.
Was there a premine or a founder's reward?No.
BTCP Mining Pools:See
https://btcprivate.org/pools.htmlHow do I get involved in BTCP?Please reach out to us on
Reddit,
Twitter,
Discord, or
Telegram.
How do I claim my BTCP from ZCL and/or BTC?See this reddit post.
Can I contribute to the team?Yes you can! We're all volunteers and as such your contribution is greatly appreciated. See the below wallet addresses.
Bitcoin Private (BTCP)
Social Media:
Exchanges:
Contribution Addresses:
BTCP: b1RXUJgnuxtzHyJ5UTWerh4pNBWcVikESZe
BTCP Shielded: zkEyLYc45LdNmzjJ84aGFAJ8CW959FCARYNso64SPmzymozageLS9YJ6HKbHSoqjXsV7bjrDEzXVLnM
QtUCTeETKehPDPU4
