About Bitcoin Private
Market Stats
Market Cap
No data
FDV
No data
Circulating Supply
No data
Max Supply
No data
Total Supply
No data
Hold Time
No data
Performance
Popularity
No data
Dominance
No data
Volume (24H)
No data
All time high
No data
Additional info about Bitcoin Private
Networks and details
Price history
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
Market details
Performance against other markets | Not enough data |
Performance against BTC | Not enough data |
Performance against ETH | Not enough data |
Performance in the past year | Not enough data |
FAQ
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.
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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Social stats
Popularity in posts
#4539
Contributors
8
Posts
602,417
% About Bitcoin Private
0.001%
Hold times
0 days
X (Twitter)
88.89% bullish
Sentiment
4.2 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
8 unique individuals are talking about Bitcoin Private and it is ranked #4,539 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Bitcoin Private has an average sentiment score of 4.2 out of 5. Finally, Bitcoin Private is becoming more newsworthy, with 0 news articles published about Bitcoin Private. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Bitcoin Private. There were 88.89% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Bitcoin Private. 11.11% of tweets were neutral about Bitcoin Private. These sentiments are based on 8 tweets.
On Reddit, Bitcoin Private was mentioned in 1 Reddit posts and there were 3 comments about Bitcoin Private. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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