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What is Bitcoin Private (BTCP) coin and how does it work?

by Financial Economy

Bitcoin Private is a privacy-focused cryptocurrency forked from the Bitcoin Blockchain. Bitcoin Private (BTCP) is among the cryptocurrencies forked from the market leader Bitcoin’s Blockchain. Information about some topics that what is Bitcoin Private (BTCP) coin, how it works, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Yooshi coin.

What is Bitcoin Private (BTCP) coin and how does it work?

Bitcoin Private (BTCP), which is created by forking simultaneously from Bitcoin and ZClassic (ZCL), is a privacy-focused crypto currency, as the name suggests. Desiring to combine the features of two quality cryptocurrencies in a Blockchain, the BTCP team took a step forward and realized the fork in February 2018 to achieve this goal.

Bitcoin Private is seen as a mix of two different transaction systems: transparent and protected transactions. Transparent transactions share the same principles as those on the Bitcoin network. According to these principles, data such as the amount, rotation and signature of transactions in the network are stored on the Blockchain in a way that everyone can access. Protected transactions, on the other hand, encrypt all these details in a block called JoinSplit. Protected transactions can be verified but not viewed by third parties.

What does BTCP token do?

Bitcoin Private aims to make private cryptocurrency transactions more common and decentralize the ecosystem. Usually, when a hard fork is performed on the blockchain of a cryptocurrency, two separate coins are created. In other words, a hard fork changes the current code of a cryptocurrency. However, BTCP was created by simultaneous forking of BTC and ZCL chains. Therefore, most of the BTCP resource is in BTC and ZCL holders.

We can say that BTCP, which uses the zk-SNARKs protocol used by privacy-oriented cryptocurrencies, broke new ground in the ecosystem. It is possible for every user to contribute to the open source Bitcoin Private. A pool has been created by the developers for BTCP mining work.

Which exchange is BTCP coin on?

Bitcoin Private coin is listed on some cryptocurrency exchanges such as TradeOgre, etc.

How to buy BTCP coins?

Bitcoin Private coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

BTCP coin supply!

Total supply of Bitcoin Private coin is 22.815.307  BTCP.

BTCP coin price!

As of July 8, 2022, at the time of the writing, 1 Bitcoin Private coin price is around $0.5289 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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