What is Bitcoin Private? Bitcoin Private is a privacy-focused cryptocurrency that emerged from the merger of Bitcoin and ZClassic hard forks. cryptocoin.com In this article, we tried to answer the questions that investors wonder, such as what is Bitcoin Private, what it offers, what is BTCP, what is it for, how to get it. Let’s examine this Blockchain forked from Bitcoin together.
What is Bitcoin Private?
Bitcoin Private (BTCP) is a separate Blockchain network that emerged from the merger of ZClassic and Bitcoin’s forks. This network embodies various features of both Bitcoin and ZClassic. Accordingly, BTCP is a decentralized, open-source, fast, community-driven and private network. This was basically created with the aim of providing all kinds of privacy and anonymity to the users. However, users also enjoy all the benefits of Blockchain with BTCP.
The team behind the project studied Bitcoin and ZClassic. Thus, they extracted the weaknesses and strengths of both networks. Then they aimed to combine the strengths of these networks in BTCP. Being decentralized, BTCP currently has a core team. However, it also has more than 200 contributors due to its community-oriented and open-source nature. These participants can participate in the management of certain issues on the platform.
What does Bitcoin Private offer?
Rather than being a standard fork, Bitcoin Private involves the simultaneous fork of the BTC network with the ZClassic network and the merging of these forks. By doing this, the team aimed to combine the best of both networks. For example, Bitcoin can produce a block every 10 minutes on average. BTCP, on the other hand, has a block time of only 2.5 minutes. So it is a faster Blockchain network than BTC. Also, BTC has a block size of 1MB while BTCP has a block size of 2MB.
However, the project is much more decentralized, community-driven and fair than other networks. BTC is not managed by a community and uses the SHA256 algorithm for mining. BTCP, another PoW network, secures itself with the Equihash algorithm. This algorithm makes mining a much more convenient and fair field than SHA256. Finally, BTCP has the ability to offer confidential transactions. Accordingly, users can send their assets confidentially and anonymously.
What is BTCP? What does it do?
BTCP is the native cryptocurrency of the Bitcoin Private network. This altcoin runs on its own Blockchain network. It also offers the popularity of BTC and the privacy of ZClassic. Users can transfer assets privately and anonymously with this cryptocurrency. They can also mine BTCP by donating their computer’s GPU power and solving complex mathematical operations on the platform. BTCP has a maximum supply capped at 21 million, just like Bitcoin.
What is Bitcoin Private? How to get BTCP?
There is only one Bitcoin exchange that users who want to buy Bitcoin Private can access. Among these cryptocurrency exchanges, only TradeOgre is currently known. Interested investors are required to become a member of this exchange and deposit an asset in their wallets according to BTCP coin parities. After doing this, they can go to BTCP’s buy page and purchase the token.
