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Author: Admin | 2025-04-28
Occasionally, a cryptocurrency will experience a hard fork. A hard fork is when the code in the network changes so much that the new version is no longer backward-compatible with earlier blocks. Users then have to change their software and follow any other protocols that mean they can use the new network.Bitcoin Private (BTCP) came about as the result of a hard fork. It was community-driven back in March 2018 and also combined a hard fork from ZClassic (ZCL). The founder of ZClasssic, Rhett Creighton was the main developer of Bitcoin Private.Rhett, along with others, wanted to create BTCP in order to combine both the popularity, security, and flexibility with the privacy-rich features of ZClassic thereby creating a better cryptocurrency.Everything You Need to Know About Bitcoin PrivateNormally, when a crypto has a fork, it is what’s known as a standard blockchain fork. Whereby the crypto splits off and an extra ‘branch’ is created. However, BTCP was different because it wasn’t just a fork, it was a fork merge. The forking and merging of two different cryptocurrencies is highly unusual.The overall process has been described by Medium.com as “a hard fork of ZClassic, which combines the unspent transaction outputs (UTXO) of ZClassic and Bitcoin into a new blockchain called Bitcoin Private. This means that the addresses and their Bitcoin amounts will be combined with ZClassic addresses and their amounts.”As per the BTCP whitepaper, the merged blockchain was supposed to support transparent and shielded transactions. Just like how Bitcoin operates, the sources, destinations, and value of funds for Bitcoin Private are transparently and safely stored on the blockchain.However, because of the shielded transactions, these details are encrypted into a separate block section which means they are verifiable and more difficult for third parties to decipher thus increasing privacy.Unfortunately, despite the concept being a good one, the crypto failed and is no longer trading on any exchanges. The idea was to have 20.3 million coins with 700,000 coins kept back for mining purposes. The initial 20 or so million were distributed among Bitcoin and ZClasssic holders as a way to incentivize its use and get people interested enough to mine.The result was a poor response and Bitcoin Private gets added to the list of a myriad of other failed attempts to change to reinvent Bitcoin.How Is Bitcoin Private Different from Bitcoin?Around 5 years after Bitcoin was initially created, it started to become more
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