Bitcoin Private (BTCP) - a fork-merge of the ZClassic & Bitcoin (TIKER: BTC.EXANTE) blockchains is expected on February 28, 2018.
“Bitcoin Private will use the same privacy technology as ZClassic (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable,” the project said on its website.
Just like Bitcoin, Bitcoin Private will support peer-to-peer transactions without an intermediary. These transactions will be verified by network nodes through the use of cryptography and recorded in a public ledger.
Unlike Bitcoin, Bitcoin Private will support a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.
Bitcoin Private will be released in a fair manner to all. Coins will be distributed on a 1:1 basis to BTC and ZCL holders.