# Bitcoin Private

> Bitcoin Private (BTCP) (founded in March 2018), is a community-driven cryptocurrency that was forked from Zclassic and Bitcoin.

- Canonical URL: https://iq.wiki/wiki/bitcoin-private
- Categories: Cryptoassets
- Created: 2022-08-12T09:12:08.869Z
- Last updated: 2022-08-12T09:12:08.869Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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Bitcoin Private (BTCP) (founded in March 2018), is a community-driven [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) that was forked from Zclassic and Bitcoin. BTCP supports zk-SNARKs, which keeps the sender and receiver's information hidden while verifying transactions on a public blockchain[\[1\]](#cite-id-a6qejy5eg8u).   
  
# Overview  
  
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![bitcoin-private-guide.webp](https://ipfs.everipedia.org/ipfs/QmWMxzXxsMrinaAYiH9ab9jyXyFLPL4wym3egPZmZnob2x)*Introducing Bitcoin Private (BTCP)*  
  
Bitcoin Private (BTCP), a supposed “fork-merge” of Bitcoin and Zclassic, was built with the intention of adding privacy and spend-ability to the Bitcoin [blockchain](https://iq.wiki/wiki/blockchain) while remaining cognizant of the challenges, choices, and failures of prior forks. In a bid to accomplish this, Bitcoin Private is using a larger block size (2 MB), a shorter block time (2.5 min), and an ASIC-resistant (GPU-friendly) Proof-of-work (PoW) algorithm for mining- Equihash[\[4\]](#cite-id-0pwb2cpa7qw9)[\[5\]](#cite-id-ekv415no6bn).  
  
Furthermore, due to the dual nature of its fork-merge, Bitcoin private (BTCP) believes that more of the crypto-community will find themselves involved. After the snapshot, Zclassic (ZCL) and BTC (Segwit and normal) addresses will receive BTCP (1:1 for both) at the same address. This is described as a first-of-its-kind fork and the open-source blockchain community is finally beginning to fully explore the malleability of Unspent transaction output (UTXO) sets[\[2\]](#cite-id-jwxamyj9qsb).  
  
# Features  
  
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Bitcoin Private (BTCP) has the following as its properties:  
  
#### Privacy:  
  
Bitcoin Private uses the same privacy technology as Zclassic (i.e zk-snarks). This simply implies that payments are published on a public [blockchain](https://iq.wiki/wiki/blockchain), but the sender, recipient, and other transactional metadata remain unidentifiable.  
  
#### Open-Source:  
  
Bitcoin Private's entire codebase is publicly available for viewing and verification by anyone. It will always remain open-source and be maintained by an ever-growing community.  
  
#### Fast:  
  
Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.  
  
#### Community-Driven:  
  
In the nature of transparency and Open-source, Bitcoin Private (BTCP) is developed by team members all over the world. Each member occupies roles and contributes based on his or her skill sets.  
  
#### A Fair Start:  
  
There was no pre-mine, and there is no founder's reward. Bitcoin Private has been released in a fair manner to all. BTCP coins were distributed on a 1:1 basis to BTC and ZClassic (cryptocurrency) (ZCL) holders.  
  
#### Decentralized:  
  
Quite similar to Bitcoin, Bitcoin Private (BTCP) supports Peer-to-peer transactions without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public ledger.  
  
# Tokenomics  
  
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Bitcoin Private (BTCP) is the functioning cryptocurrency of the Bitcoin Private ecosystem. Having its ticker symbol denoted as BTCP, Bitcoin Private has a total supply of 22,815,307 BTCP and it registered an All-time high of $86.73 USD on the 12th of March 12, 2018, and an all-time low of $0.050433 USD on the 13th of March 13, 2020. Currently, the most active market trading BTCP is Sistemkoin[\[3\]](#cite-id-hv1a8yzz4rs).