What is bitcoin private?

in cryptocurrency •  7 years ago  (edited)


What is Bitcoin Private?

Bitcoin Private
Bitcoin Private hard fork will take place on 28 February.

What is Bitcoin Private?
• Bitcoin hard fork will use the same technology as is found in ZClassic, version of the blockchain system that offered full privacy. The technique allows coins to be transacted without revealing the information on the blockchain ledger – the transaction origin, destination and amount was fully obscured.
• Bitcoin Private will serve as a peer-to-peer form of digital money in which no intermediaries are involved. Transactions will be broadcast and verified by nodes before they are passed along to miners for final approval.
• BTCP tokens will not be issued to Bitcoin users themselves. Instead, this airdrop will occur on a 1:1 basis with Bitcoin Cash and ZClassic holders.


link- https://btcprivate.org/

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What is rather remarkable about the Bitcoin Private fork is how the new BTCP tokens will not be issued to Bitcoin users themselves. Instead, this airdrop will occur on a 1:1 basis with Bitcoin Cash and ZClassic holders. It is a rather interesting approach, although it remains to be seen if this will give the project more legitimacy in the long run. So far, there is no official whitepaper providing further specifics, which means there’s plenty of room for speculation.
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Looking forward to this.

Thanks for the news, I dont know It before.

so essentially, this is a bitcoin cash, zclassic fork?

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@arorapuneet I haven't complete detail of bitcoin but Bitcoin have already good secure method or sending and receiving BTC so why that changing is needed would you like to answer me 😊

How is it different from other Bitcoin fork like Bitcoin cash, Bitcoin gold and others ?

thanks for sharing. And what about the trasnsaction fees? will it be so high as in the bitcoin network?