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Bitcoin Private (BTCP) is a cryptocurrency that combines the features of Bitcoin and Zclassic. It was created through a fork-merge of the Bitcoin and Zclassic blockchains, resulting in a new blockchain with increased privacy, decentralization, and scalability. The project was launched in March 2018 and is led by a team of developers from around the world.
Bitcoin Private is a privacy-focused coin that uses the zk-SNARKs zero-knowledge proof to hide transaction data. This means that the sender, recipient, and amount of the transaction are hidden from the public ledger. This provides an extra layer of security and privacy for users of the coin.
The Bitcoin Private blockchain is built on the Bitcoin Core codebase and is designed to be a more secure and scalable version of Bitcoin. It has a block size of 2MB and a block time of 2.5 minutes, which is faster than Bitcoin’s 10-minute block time. It also uses the same proof-of-work algorithm as Bitcoin, which is SHA-256.
The Bitcoin Private team has also implemented a number of features to make the coin more user-friendly. These include SegWit and Lightning Network support, which allows for faster and cheaper transactions, as well as Atomic Swaps, which allow users to exchange one cryptocurrency for another without having to go through a third-party exchange.
Bitcoin Private is also planning to implement a number of other features in the near future, such as Schnorr signatures, which will provide more secure and efficient transactions, as well as a decentralized exchange.
Overall, Bitcoin Private is a promising project that is still in its early stages. It has a strong team and a solid roadmap, and it is an interesting project to keep an eye on. With its focus on privacy, scalability, and decentralization, it could become a major player in the cryptocurrency space in the future.