Bitcoin Private Fork Aiming to Make Bitcoin Anonymous
Bitcoin’s latest fork is just weeks away and this one’s a little different from the rest. Rather than simply tinkering with Segwit or adjusting block sizes, Bitcoin private (BTCP) is adding zk-Snarks. The privacy enhancing feature is best known for its use in the Z family of coins including zcash, zclassic, and zencash. That’s not surprising given that the fork is being instigated by Rhett Creighton, who is simultaneously forking bitcoin and zclassic on February 28 to create BTCP which will then be available to holders of both coins.
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Read more: bitcoin.com
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The question is whether the miners will mine this new coin. Bitcoin is a SHA-256 coin which is mined primarily by ASICs (Antminers). ZCash (and many of the privacy-oriented coins) are ETHASH coins which can be mined by ordinary GPUs. Why make a privacy-based Bitcoin fork?
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