{"id":"bitcoin-private","version":1,"language":"en","title":"Bitcoin Private","content":"Bitcoin Private (BTCP) (founded in March 2018), is a community-driven [cryptocurrency](https://beta.everipedia.org/wiki/cryptocurrency) that was forked from Zclassic and Bitcoin. BTCP supports zk-SNARKs, which keeps the sender and receiver's information hidden while verifying transactions on a public blockchain[\\[1\\]](#cite-id-a6qejy5eg8u).   \n  \n# Overview  \n  \n***  \n  \n![bitcoin-private-guide.webp](https://ipfs.everipedia.org/ipfs/QmWMxzXxsMrinaAYiH9ab9jyXyFLPL4wym3egPZmZnob2x)*Introducing Bitcoin Private (BTCP)*  \n  \nBitcoin Private (BTCP), a supposed “fork-merge” of Bitcoin and Zclassic, was built with the intention of adding privacy and spend-ability to the Bitcoin [blockchain](https://beta.everipedia.org/wiki/blockchain) while remaining cognizant of the challenges, choices, and failures of prior forks. In a bid to accomplish this, Bitcoin Private is using a larger block size (2 MB), a shorter block time (2.5 min), and an ASIC-resistant (GPU-friendly) Proof-of-work (PoW) algorithm for mining- Equihash[\\[4\\]](#cite-id-0pwb2cpa7qw9)[\\[5\\]](#cite-id-ekv415no6bn).  \n  \nFurthermore, due to the dual nature of its fork-merge, Bitcoin private (BTCP) believes that more of the crypto-community will find themselves involved. After the snapshot, Zclassic (ZCL) and BTC (Segwit and normal) addresses will receive BTCP (1:1 for both) at the same address. This is described as a first-of-its-kind fork and the open-source blockchain community is finally beginning to fully explore the malleability of Unspent transaction output (UTXO) sets[\\[2\\]](#cite-id-jwxamyj9qsb).  \n  \n# Features  \n  \n***  \n  \nBitcoin Private (BTCP) has the following as its properties:  \n  \n#### Privacy:  \n  \nBitcoin Private uses the same privacy technology as Zclassic (i.e zk-snarks). This simply implies that payments are published on a public [blockchain](https://beta.everipedia.org/wiki/blockchain), but the sender, recipient, and other transactional metadata remain unidentifiable.  \n  \n#### Open-Source:  \n  \nBitcoin Private's entire codebase is publicly available for viewing and verification by anyone. It will always remain open-source and be maintained by an ever-growing community.  \n  \n#### Fast:  \n  \nUnlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.  \n  \n#### Community-Driven:  \n  \nIn the nature of transparency and Open-source, Bitcoin Private (BTCP) is developed by team members all over the world. Each member occupies roles and contributes based on his or her skill sets.  \n  \n#### A Fair Start:  \n  \nThere was no pre-mine, and there is no founder's reward. Bitcoin Private has been released in a fair manner to all. BTCP coins were distributed on a 1:1 basis to BTC and ZClassic (cryptocurrency) (ZCL) holders.  \n  \n#### Decentralized:  \n  \nQuite similar to Bitcoin, Bitcoin Private (BTCP) supports Peer-to-peer transactions without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public ledger.  \n  \n# Tokenomics  \n  \n***  \n  \nBitcoin Private (BTCP) is the functioning cryptocurrency of the Bitcoin Private ecosystem. Having its ticker symbol denoted as BTCP, Bitcoin Private has a total supply of 22,815,307 BTCP and it registered an All-time high of $86.73 USD on the 12th of March 12, 2018, and an all-time low of $0.050433 USD on the 13th of March 13, 2020. Currently, the most active market trading BTCP is Sistemkoin[\\[3\\]](#cite-id-hv1a8yzz4rs). ","summary":"Bitcoin Private (BTCP) (founded in March 2018), is a community-driven cryptocurrency that was forked from Zclassic and Bitcoin.","categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Bitcoin"}],"metadata":[{"id":"page-type","value":"generic"},{"id":"references","value":"[{\"id\":\"a6qejy5eg8u\",\"url\":\"https://twitter.com/bitcoinprivate?lang=en\",\"description\":\"Bitcoin Private on Twitter\",\"timestamp\":1660295209314},{\"id\":\"jwxamyj9qsb\",\"url\":\"https://reddit.com/r/BTC_Private\",\"description\":\"Bitcoin Private on Reddit\",\"timestamp\":1660295333239},{\"id\":\"hv1a8yzz4rs\",\"url\":\"https://www.coingecko.com/en/coins/bitcoin-private\",\"description\":\"Tokenomics | Bitcoin Private\",\"timestamp\":1660295424672},{\"id\":\"0pwb2cpa7qw9\",\"url\":\"https://www.youtube.com/watch?v=HyqY7fRV2xI\",\"description\":\"Bitcoin Private (BTCP) - Private, decentralized, fast...\",\"timestamp\":1660295481950},{\"id\":\"ekv415no6bn\",\"url\":\"https://www.youtube.com/watch?v=mK0WuPfIYQE\",\"description\":\"ZCL Electrum Wallet - How to Import/Sweep Private Key\",\"timestamp\":1660295504911}]"},{"id":"facebook_profile","value":"https://www.facebook.com/306094726578154"},{"id":"twitter_profile","value":"https://twitter.com/bitcoinprivate"},{"id":"discord_profile","value":"https://discord.gg/eGuQQUR"},{"id":"reddit_profile","value":"https://www.reddit.com/r/BTC_Private"},{"id":"telegram_profile","value":"https://t.me/BTCPrivate"},{"id":"github_profile","value":"https://github.com/BTCPrivate/BitcoinPrivate"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/bitcoin-private/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/bitcoin-private"},{"id":"commit-message","value":"New Wiki Created 🎉"}],"user":{"id":"0x7da121Af2c3Fc2e65eDCD3573a403C352B4538Aa"},"author":{"id":""},"media":[{"name":"2575.png","size":"0.008","id":"QmVa8xR7Uzow4Sfzdy8g2dVbt1UitPaLeSDvLFXcTqx25e","source":"IPFS_IMG"},{"name":"33585848_373686423152317_6603788809198895104_n.png","size":"0.250","id":"QmU3ujom8V7j7pDUoAr2R9QqGU59LFkeJA3nHyyGaRcGAc","source":"IPFS_IMG"},{"name":"Bitcoin-private.webp","size":"0.014","id":"QmWNfxHXWFTpa5x4Q9FvF37B1qr5WxQWWUWba8agUNniFJ","source":"IPFS_IMG"},{"name":"bitcoin-private-2.jpg","size":"0.045","id":"QmTd7H9sZ7i6fprJC9N4ME7JkeMFtVEF8xS83r1p7rd81T","source":"IPFS_IMG"},{"name":"Bitcoin-private-featured.jpg","size":"0.041","id":"QmTKJtU5s6AJiuwJz113tidYJwPqBeenntuGQREV4XdBDz","source":"IPFS_IMG"},{"name":"bitcoin-private-going-up-btcp-cryptocurrency-price-flying-rate-success-growth-chart-place-text-188439692.jpg","size":"0.153","id":"QmPemsXujdrSNgkxitkAF4Vrg2DBtTUPtn789JS5Msg1xo","source":"IPFS_IMG"},{"name":"bitcoin-private-guide.webp","size":"0.053","id":"QmWMxzXxsMrinaAYiH9ab9jyXyFLPL4wym3egPZmZnob2x","source":"IPFS_IMG"},{"name":"bitcoin-private-website.webp","size":"0.033","id":"QmdvrZdwEjeBxuX2wWBihWK9f7Zc5nFEqyDvYYZr7oA6dz","source":"IPFS_IMG"}],"images":[{"id":"QmNvr41VNzhXCcWZeiw6V3xrDjPKcKhvUtT4xg2k2ED79n","type":"image/jpeg, image/png"}]}