Bitcoin Private Pre-Fork Roadmap Released


A recent tweet from the promoters of Bitcoin Private, a fork of ZClassic finally revealed the pre-fork roadmap of the proposed coin. Although the roadmap misses the hard deadlines, it aims to clear a lot of uncertainty around it. The official whitepaper is yet to be released.

 

Circulating Supply and Distribution

According to the official release, when the hard fork will occur, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP. Currently, there are about 3,000,000 ZCL in circulation. When the fork occurs, the total BTCP in circulation will be the current circulating supply of BTC plus ZCL.

Zclassic can be currently bought on BittrexCryptopia and Coinexchange.io. Zclassic, originally a fork of Zcash, is a decentralized and open-source technology that offers privacy and selective transparency of transactions just like its parent technology but differs in removing the 20% fee. Miners earn their fair reward, that they deserve and the coin development is supported by the community.

Price Action

Since the fork is announced, the prices of Zclassic have been soaring & touched their all time high of ~ BTC 0.016 until the recent correction on account of Asian markets reacting to South-Korea and Chinese regulatory news.

Official Site: https://btcprivate.org

WhitePaper Link: Not Available

 

Disclaimer: CoinScenario.com does not endorse nor support this product/service. CoinScenario.com is not responsible for or liable for any content, accuracy or quality within the press release.

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