What is Bitcoin Private?

"Bitcoin Private, a supposed “fork-merge” of Bitcoin and Zclassic, is
intended to add privacy and spendability to the Bitcoin blockchain while remaining cognizant of the challenges, choices, and failures of prior forks.

To accomplish this, Bitcoin Private will use a larger block size (2 MB), a shorter block time (2.5 min), and an ASIC-resistant (GPU friendly) proof-of-work (PoW) algorithm for mining — Equihash. Furthermore, due to the dual nature of this fork-merge, more of the crypto-community will find themselves involved.

After the snapshot, ZCL (t & z) and BTC (segwit & normal) addresses will receive BTCP (1:1 for both) at the same address. This is a first-of-its-kind fork and the open source blockchain community is finally beginning to fully explore the malleability of UTXO sets."

BTCPrivate.org
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General

TICKER SYMBOLS
BTCP
AGE
2 years old (March 03, 2018)
CURRENT PRICE
$0.124355
Updated 4 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$58.08
2 years ago
CIRCULATING SUPPLY
4,768,837 coins
Updated 19 minutes ago via coinmarketcap.com
MARKET CAP
$593,029
Updated 49 seconds ago
FOUNDER
Rhett Creighton

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (21,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
2m 30s
CURRENT BLOCK REWARD
1.563 coins
HASHING ALGORITHM
Equihash
DIFFICULTY ADJUSTMENT
Every block (~3 minutes)

Categories

Payments

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