{"id":1690,"date":"2018-02-28T16:09:51","date_gmt":"2018-02-28T16:09:51","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=1690"},"modified":"2018-02-28T16:10:47","modified_gmt":"2018-02-28T16:10:47","slug":"cryptos-marriage-bitcoin-zclassic-btcp-a-new-hard-fork-is-this-the-new-waves-of-privacy-coins","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/cryptos-marriage-bitcoin-zclassic-btcp-a-new-hard-fork-is-this-the-new-waves-of-privacy-coins\/","title":{"rendered":"Crypto&#8217;s Marriage: Bitcoin + Zclassic = BTCP, A New Hard Fork &#8211; Is This The New Waves of Privacy Coins??"},"content":{"rendered":"<h1>Bitcoin Private Fork (Zclassic + Bitcoin Fork)<\/h1>\n<p>Bitcoin Private, a supposed \u201cfork-merge\u201d of Bitcoin and Zclassic, is intended to<\/p>\n<p>add privacy and spendability to the Bitcoin blockchain while remaining cognizant of the cha<\/p>\n<p><img decoding=\"async\" class=\" wp-image-1693 alignright\" src=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/hard-fork-graphic-258x300.png\" alt=\"\" width=\"184\" height=\"214\" srcset=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/hard-fork-graphic-258x300.png 258w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/hard-fork-graphic.png 618w\" sizes=\"(max-width: 184px) 100vw, 184px\" \/><\/p>\n<p>llenges, choices, and failures of prior forks. To accomplish this, Bitcoin Private will use 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 \u2014 Equihash.<\/p>\n<p>Furthermore, due to the dual nature of this fork-merge, more of the crypto-community will find themselves involved. After the snapshot, ZCL (t &amp; z) and BTC (segwit &amp; normal) addresses will receive BTCP (1:1 for both) at the same address. This is a first-of-its-kind fork and the open source blockchain community is finally beginning to fully explore the malleability of UTXO sets.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-1692 alignleft\" src=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/chart-300x191.png\" alt=\"\" width=\"401\" height=\"255\" srcset=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/chart-300x191.png 300w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/chart-768x488.png 768w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/chart-1024x651.png 1024w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/chart-850x541.png 850w, https:\/\/atozcrypto.org\/wp-content\/uploads\/2018\/02\/chart.png 1132w\" sizes=\"(max-width: 401px) 100vw, 401px\" \/><\/p>\n<p>The snapshot of Bitcoin and Zclassic is set for the first blocks timestamped after 5 PM UTC on February 28, 2018, with the fork\/main-net launch occurring approximately 2 days later. After launch, there will be approximately 700,000 mineable Bitcoin Private. Remaining true to Satoshi\u2019s vision of a low inflation coin, a starting block reward of 0.78125 Bitcoin Private has been selected. The first halving will occur after ~66,000 blocks in order to line up with the Satoshi halving scheme (around April 27, 2018). Following this, a halving will occur every 840,000 blocks. This will allow for extremely low inflation, testing Satoshi\u2019s original plan for 5 Bitcoin when approaching the 21-million-coin supply limit. However, if this experiment proves unsuccessful, an alternative plan can be implemented, which is outlined in Section 7.<\/p>\n<p>Download the full report of the whitepaper <a href=\"https:\/\/btcprivate.org\/whitepaper.pdf\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Private Fork (Zclassic + Bitcoin Fork) Bitcoin Private, a supposed \u201cfork-merge\u201d of Bitcoin and Zclassic, is intended to add privacy and spendability to the Bitcoin blockchain while remaining cognizant of the cha llenges, choices, and failures of prior forks. To accomplish this, Bitcoin Private will use a larger block size (2 MB), a shorter &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[18,1],"tags":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto&#039;s Marriage: Bitcoin + Zclassic = BTCP, A New Hard Fork - Is This The New Waves of Privacy Coins?? - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/cryptos-marriage-bitcoin-zclassic-btcp-a-new-hard-fork-is-this-the-new-waves-of-privacy-coins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto&#039;s Marriage: Bitcoin + Zclassic = BTCP, A New Hard Fork - Is This The New Waves of Privacy Coins?? - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Private Fork (Zclassic + Bitcoin Fork) Bitcoin Private, a supposed \u201cfork-merge\u201d of Bitcoin and Zclassic, is intended to add privacy and spendability to the Bitcoin blockchain while remaining cognizant of the cha llenges, choices, and failures of prior forks. 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