The Power of Bitcoin Private and Zclassic CryptoCurrencies
You must have heard of Bitcoin and digital currency over the past few years, as a result of the hard fork from the bitcoin and its merge with ZClassic, The best combination of features of cryptocurrencies were merged which is called Bitcoin private cryptocurrency in November 2016, by Rhett Creighton, he was a blockchain and a minor developer from San Francisco Bay Area. Creighton, in December, 2017announced that he would restart the work of ZClassic and months of inactivity. The traders of cryptocurrency trades with the symbol BTCP, they have multiple exchanges that include HitBTC, Nanex etc.
Break Down the BTCP
It was on the special case, the birth of BTCP or Bitcoin Private took place. When we look into the details you will see the most popular cryptocurrency, Bitcoin has undergone many forks. It was not under a normal standard fork, but under the fork merge of Bitcoin blockchain, and it instantly merged with ZClassic it took place over the counter. The main aim of launching the BTCP is to combine the features if Bitcoin, the security, popularity and flexible with the rich and private features of Zclassic cryptocurrency.
User’s Privacy at Stake
Bitcoin has at times led to issues like small block size and slow block times something similar to Qprofit. These issues at times have become a challenge for bitcoin to be used as a daily basis.ASIC is mining based centralization which concentrates around pools and miners that works with high power, this leaves the smaller investors at disadvantage. Here, is why the new Bitcoin Private was really designed for, to overcome all these issues of the cryptocurrency.
By pseudo-anonymous transaction and spending patterns, it is possible to identify the user identities. The Bitcoin Private Newspapers reports that it is an action of uniting two transaction systems that are shielded and transparent transactions. How the system works is that the Bitcoin sources and destinations hold and stores all the funds and amount, securely and transparently in the blockchain while Zclassic system, with its shielded transaction, encrypt all the details into a special type of a block, verified but hard for the third parties to identify.
BTCP is supported by Coinom via Andriod. It was issued through an airdrop, exercised through the existing holders of Bitcoin and ZClasic, each of them a token is received from the respective parties. On February 28, 2018, the airdrop and fork-merge took place. It has gained a good market in May 2018, since its launch and is ranked 46th with around $500 million market cap.