Anonymous cryptocurrency seems to attract an ever larger audience. In any case, the creation of Bitcoin Private (BTCP) shows a certain interest thanks to the new technological proposal that it brings.
At the genesis of cryptocurrency, Bitcoin was intended to allow its users to acquire a certain level of anonymity. Unfortunately, Bitcoin is currently only a pseudonym, although most of the projects under development aim to make it completely anonymous . Since then, others have tried to fill this problem, including Monero (XMR) or Zcash (ZEC) or Zclassic, currency from the blockchain Zcash, itself coming from the blockchain Bitcoin.
However, all these cryptocurrencies presented limits in their mission defined by the decentralization, the anonymity and a scalability allowing its adoption. Thus comes Bitcoin Private , from a fork of Zclassicand therefore possessing the DNA of Bitcoin, somehow.
The concept of the OPGT is clear, it wants to bring together what is best today in terms of anonymous cryptocurrency . It thus puts forward the proofs with zero knowledge disclosure , the cryptographic method allowing the confidentiality of the information relating to the transfers (the transmitter, the receiver, the amount), the protection against the mining by ASIC machines , or a better scalability, thanks to its blocks of 2 MB (against 1 MB for BTC).
With new regulations coming from all corners of the world, anonymous cryptocurrency arouses the craze of cryptophiles. The promise made by Bitcoin Private through its cryptographic processes could then find an audience increasingly important: the course of this nth bitcoin fork has recently taken off to reach a peak over $ 33 even if it will be noticed that it is for the moment exchangeable only on exotic platforms, like nanex, the exchange of the Nano project .
why make bitcoin private when monero is faster, more distributed mining and already up and running?
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