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Bitcoin Private is on the rise this week.

The price of Bitcoin Private has risen by 100.00% in the past 7 days. The price increased by 100.00% in the last 24 hours. In just the past hour, the price grew by 100.00%.


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What Is Bitcoin Private (BTCP)?

According to the whitepaper, Bitcoin Private results from the “fork-merge” of Zclassic and Bitcoin. The challenge of lacking insufficient security, data, or information breach brings about the need for a better system to empower the individual with secure and easy transactions by removing the middlemen. Thus, the cryptocurrency Bitcoin Private is generated. The token seeks to be useful, as it intends to be fast, has a low fee, and has a private transactional network. Since Bitcoin Private is the outcome from the fork-merge with Bitcoin, the Bitcoin Private chain supports lower fees in contrast to Bitcoin. The transaction speed of Bitcoin Private is also assumed to be four to six times faster.

Bitcoin Private uses the technology as ZClassic (Zk-Snarks); that implies transparency in payments, as they are published on a public blockchain. A Zk-Snark is a cryptographic proof that allows a party to prove that it possesses certain information without revealing that information. The codebase of Bitcoin Private is available as open source for verification and viewing by anyone. Bitcoin Private provisions peer-to-peer transactions without any middlemen. All the transactions are verified using cryptography by network nodes and recorded in a public ledger.

The purpose of Bitcoin Private is to add privacy and spending ability to the Bitcoin blockchain. This goal can be accomplished once the Bitcoin Private token uses a larger block size of 2 MB. Along with this, the token also intends to use a shorter block time, say 2.5 minutes, and a GPU-friendly, ASIC-resistant proof-of-work (PoW) algorithm for Equihash mining. Furthermore, this fork-merge acquires a dual nature that helps the crypto community get involved.

Additionally, to reduce the burden of the blockchain on user devices, Bitcoin Private clients provide support for blockchain pruning and SPV techniques like Electrum. Also, the Bitcoin Private token features two-way replay protection that safeguards against replay attacks. This is in implementation, and the industry-standard approach is in use.

History of the Bitcoin Private Token

The team of Bitcoin Private involves Jamie Owens (operations/lead developer), Ken (blockchain developer), Dan Farina (full-stack developer), and Robitica (blockchain developer).

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Decrypt • Sep 21, 23

Bitcoin Pioneer Hal Finney Explains ZK Proofs in Rediscovered Footage

A video has resurfaced showing the late software developer and Bitcoin pioneer Hal Finney explaining zero-knowledge protocols in the 1990s.

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What is the current price of Bitcoin Private?

We update our Bitcoin Private to USD currency in real-time. Get the live price of Bitcoin Private on Coinbase.

What other assets are similar to Bitcoin Private?

Assets that have a similar market cap to Bitcoin Private include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Bitcoin Private on Coinbase?

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