What Is Bitcoin-CZ(BCZ)?

Bitcoin-CZ (BCZ) is a privacy cryptocurrency that aims to provide a global solution for payments that are completely secure. Bitcoin-CZ was born without any ICO or pre-mine and thus, seeks to ensure the availability of the token to every interested user. This project aims to leverage its community to develop and evolve.

As per the website, Bitcoin-CZ seeks to follow a unique staking method called “cold staking.” It is a process of locking coins for a particular time interval to help the network achieve Proof of Stake (PoS) consensus. Cold staking validates all transactions on the network and records them permanently as blocks. BCZ offers rewards to the users for staking on the network. The platform also rewards stakers for minting the next block.

Bitcoin-CZ employs PoS through the user’s BCZ wallets. This is achieved by utilizing the servers provided by the Bitcoin-CZ core. Renewable energy is used to power these servers. It does not necessitate the use of any mining equipment.

To provide security to the network, each transaction and block uploaded to the blockchain is validated by a distributed network of individual nodes, guaranteeing that the blocks and transactions are genuine.

History of Bitcoin-CZ (BCZ)

Bitcoin-CZ (BCZ) gets its inspiration from CZ or Changpeng Zhao, the CEO and founder of Binance. The launch of the BCZ token took place in 2019, and the conceptualization of the new Bitcoin-CZ platform in 2022. The maximum supply of BCZ is capped at 100 million.