Double hard fork Bitcoin Private being born in front of our eyes
A new Bitcoin hard fork called Bitcoin Private is now emerging (press time 28.02.2018 6:40 PM). This new cryptocurrency has already been supported by: TradeSatoshi, KuCoin, HitBTC, CoinExchange.io, Binance, Cryptopia (the list may expand over time).
The long-awaited $BTCP snapshot has occurred. The block height for $ZCL is 272991
— Bitcoin Private (@bitcoinprivate) February 28, 2018
and the block height for $BTC is 511346 pic.twitter.com/4WLdfgohoU
The most interesting feature of this new cryptocurrency is that its hardfork is double, as it is happening in two blockchains: the blockchain of Satoshi Nakamoto’s Bitcoin and Zclassic, which is the fork of ZCash itself.
Another notable technology implemented from the start is zk-SNARK, which is thought to be a good technological advancement. Of course, as every other feature or innovation, it has to be implemented correctly, in other words, this technology does not necessarily mean that this new cryptocurrency already abbreviated BTCP will be successful.
Private cryptocurrencies are lately getting a lot of attention from regulators: the Europol thinks that some altcoins are hampering the work of the law enforcement (see which exactly in Bitnewstoday’s report), and the Deputy Attorney General of the United States thinks that no privacy features can stop the sharp professional minds of governmental agencies.