Bitcoin Private

Bitcoin Private is a “fork-combined” of Bitcoin and Zclassic. The fork aimed to solve the privacy issue of Bitcoin by taking features from Zclassic. Bitcoin Private was issued using a 1:1 airdrop (1 BTCP per ZCL and BTC).
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What is Bitcoin Private?

Bitcoin Private is a “fork-combined” of Bitcoin and Zclassic. The fork aimed to solve the privacy issue of Bitcoin by taking features from Zclassic. Bitcoin Private was issued using a 1:1 airdrop (1 BTCP per ZCL and BTC).

Like Bitcoin, Bitcoin Private is payment focused

How does Bitcoin Private work?

Bitcoin Private is an amalgamation of two transaction systems – transparent and shielded transactions. Transparent transactions operate on the same principles as Bitcoin – input, output, amount, and signature. Sources of all funds, destinations, and amounts are stored transparently on the blockchain. Shielded transactions, conversely, encrypt these details into a special section of a block called the JoinSplit. The platform uses zk-snarks to achieve privacy. These transactions are verifiable but indecipherable to third-party observers.

The blockchain uses a larger block size of 2 MB and a shorter block time of 2.5 min compared to Bitcoin.

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