What Is BitcoinZ (BTCZ)?

BitcoinZ (BTCZ) is a digital currency with the fundamental characteristics of Bitcoin, along with additional features developed to make life easier for users. The coin is named after Bitcoin despite being not a fork of the currency as it has its own genesis block. The Genesis block is the name given to the first block, a cryptocurrency that is mined independently. Further, according to the website of the asset, the coin’s mission is to keep the cryptocurrency vision alive by aiming to provide users with an alternative, independent, and uncensored network of borderless, fast transactions. This framework has allowed the coin to develop its own decentralized network that seeks to provide users with easy access to crypto space while facilitating mining using regular computers.

BitcoinZ (BTCZ) aims to be a secure and scalable coin that functions on a proof-of-work mechanism (PoW). It aims to reflect many different features including the following:

• Next to zero-fee structure: The coin seeks to charge an extremely low value against exchange or trading of the coins.

• Optional privacy: The token uses zk-Snarks cryptography that provides real obfuscation, while users can decide whether they want to use transparent addresses (t) or private ones (z). The term zk-Snarks indicates a novel form of zero-knowledge cryptography.

• Immutable Parameters:The crypto has a predefined maximum supply and slow halvingof coins every four years for the new coins available as mining reward, seeking to make it immutable.

• Hedge against inflation: The coin reflects an immutable maximum supply and diminishing emission rate that aims to allow hedging against inflation.

• Democracy: The coin follows a proposal system, with the community voting for every expenditure and budget, aiming to ensure the maintenance of a democratized project with equality for all members.

These features of BTCZ seek to help maintain a sound ecosystem for the asset while ensuring the cryptocurrency can be used and accessed by all people.

History of BitcoinZ (BTCZ)

BitcoinZ was launched in 2017 by an anonymous founder as a gift to the world. The currency is a community-driven cryptocurrency with no owners or CEO. The whitepaper of the coin was launched on September 9, 2017. The coin has a maximum total supply of 21,000,000,000 BTCZ tokens.