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Bitcoin Private [BTCP] drops by 15% despite its listing on HitBTC

Bitcoin Private [BTCP] recently announced its listing on HitBTC. They were thankful to their BTCP community for their support, vigilance and team spirit. Bitcoin Private is a community-driven BTC/ZCL fork consisting of over 150 contributors.

BTCP is currently placed in the 39th position in the global after taking a major hit during the bearish period. It is priced at $39 with a decline of 15% in the past week.

A Business Developer commented on Twitter:

“Great, we now have another market. tks @bitcoinprivate community for their commitment. You only started 2 months ago going live.”

A Twitter user says:

“awesome job guys way to make it happen!”

Bitcoin Private likes to think of themselves as a very flat, decentralized community in which some members have contributed more or have been around longer than others. Most of these senior contributors, or ‘maintainers,’ of the Bitcoin Private project or ecosystem have been participants since shortly after the fork-merge announcement. The majority came together in January.

At a high level where more experience and knowledge is required, especially on strategic matters, they have a group of maintainers who regularly communicate and participate in a weekly strategy meeting. At these meetings, many matters are routinely discussed, and in making any decisions they always bring in feedback from the community via various vehicles.

Typically, the maintainers of their project lead various efforts within the project, and through those members, they are able to keep the community’s best interest in mind.

Bitcoin Private[BTCP] is one of a kind fork, it is a merge of the Zclassic [ZCL] and Bitcoin [BTC] blockchains. The idea itself of combining the zk-SNARKs privacy protocol with Bitcoin was floated on Twitter by the creator of Zclassic.

After a short while, the community of open source development collectively decided that the best implementation for such a proposal was to fork the ZCL codebase and merge it with the UTXO sets of the Bitcoin blockchain.

Bitcoin Private is different from other Bitcoin forks claim the creators as it is the first to bring mathematically provable privacy technology to the Bitcoin community.

Recently, Bitcoin Private announced a rebasing of Bitcoin Private. As of now, all zerocash protocol coins are falling behind approximately three years in comparison to Bitcoin. They have chosen to completely rebase zk-SNARKs on top of the most current Bitcoin code as upgrading the current codebase has proven quite cumbersome. This will enable the company to make upgrades to the Bitcoin Private node and network, including SegWit, Lightning Network, and HD wallets.

In addition to it, they are focusing on launching user-friendly products for their community to make use of their protocol. They have scheduled a launch for the first version of their merchant product in response to the large level of demand for accepting BTCP payments worldwide.

The post Bitcoin Private [BTCP] drops by 15% despite its listing on HitBTC appeared first on AMBCrypto.



This post first appeared on AMBCrypto - Latest Cryptocurrency News, please read the originial post: here

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Bitcoin Private [BTCP] drops by 15% despite its listing on HitBTC

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