Anonymous Bitcoin (BTCA Coin): Bitcoin & ZClassic Co-Fork?
Anonymous Bitcoin combines ZClassic with the bitcoin blockchain through a “co-fork” of both cryptocurrencies. Find out how it works today in our review.
What Is Anonymous Bitcoin?
Anonymous Bitcoin, found online at AnonymousBitcoin.io, aims to advance the technology of both Bitcoin and ZClassic using a co-fork of both cryptocurrencies. In theory, the goal is to provide ZClassic-style anonymity combined with the reliability of the bitcoin blockchain.
Other unique features on Anonymous Bitcoin include masternode staking, increased block sizes, and a transparent development process.
When the fork occurs, Anonymous Bitcoin will provide a 1:1 ratio of Anonymous Bitcoin to all holders of ZClassic (ZCL) and bitcoin (BTC). The mainnet is scheduled to launch in September 2018.
As of May 2018, there’s limited information about Anonymous Bitcoin available online. The team launched a press release and website in May 2018, although neither the press release nor the website explain any technical details of the project.
How Does Anonymous Bitcoin Work?
The Anonymous Bitcoin team sees Bitcoin and ZClassic as two incredible advances in cryptocurrency. However, both technologies can be improved. That’s why Anonymous Bitcoin wants to create a “dual fork” that combines the best features of both coins.
Why do we need a system like Anonymous Bitcoin? Well, the team believes bitcoin is only pseudo-anonymous. They also feel Bitcoin lacks transparent governance. ZClassic, on the other hand, has enhanced privacy and transactional speeds.
Anonymous Bitcoin Features
Anonymous Bitcoin lists all of the following as its core features and principles:
True Decentralization: Anonymous Bitcoin will use the proof of work (PoW) algorithm Equihash, which they claim offers “real decentralization.”
True Anonymity: Anonymous Bitcoin also aims to offer “true anonymity” through zkSNARK, a secure privacy protocol developed by MIT researchers (the same zkSNARK used to provide ZClassic’s famous anonymity).
Community-Driven: Anonymous Bitcoin aims to use a “a multi tiered marketing strategy…to reach those who aren’t yet familiar with blockchain technology”, creating a community-driven approach to crypto investing.
Masternodes: Anonymous Bitcoin has a masternode staking system that incentivizes long-term hodlers and allows for “dividend style returns” over time. Anonymous Bitcoin’s masternodes also have governance protocols that allow users to vote on the future of the ecosystem.
Exchange Support: Anonymous Bitcoin’s team claims to be engaged in active discussions with some of the highest-volume crypto exchanges in the world today, although they decline to mention the names of any of these exchanges.
Transparency: Anonymous Bitcoin aims to provide transparency through regular Q&A sessions and discussion with developers.
Who’s Behind Anonymous Bitcoin?
Anonymous Bitcoin was founded by Jake Greenbaum, who calls himself “The Crypto King”. Jake claims to be “well known in the crypto-community”. However, a Google Search for Jake Greenbaum doesn’t turn up any crypto-related results on the first page. Jake does, however, have 2,000+ followers on Twitter @JBTheCryptoKing.
You can view Jake’s LinkedIn page here. His most recent work experience, aside from writing about bitcoin for various websites, was as a position as a legal assistant intern at a law firm in Chicago, a position he held for the summer of 2016. Jake has a law degree from St. Thomas University School of Law.
Other listed members of the Anonymous Bitcoin team include Sam Abbassi (Dev Team Lead), Christopher Arguello (Dev Team Lead), and Dr. Eli M. Blatt (Advisor and Founder of BitFinance).
Anonymous Bitcoin is headquartered in Florida.
Anonymous Bitcoin Distribution Plan
Anonymous Bitcoin plans to distribute Anonymous Bitcoin to all holders of ZClassic (ZCL) and bitcoin (BTC) at the time of the snapshot.
The snapshot is scheduled to take place on September 10, 2018. If you hold BTC or ZCL on that date, you’ll receive Anonymous Bitcoin at the future distribution date. Anonymous Bitcoin will distribute their tokens in a 1:1 ratio with both ZCL and BTC. So if you hold 1 BTC and 1 ZCL, then you’ll receive 2 Anonymous Bitcoin in total. Tokens will be distributed via airdrop.
Anonymous Bitcoin will use the symbol BTCA.
A BTCA testnet is expected to go live in August 2018, with the mainnet launching immediately after the snapshot on September 9.
Anonymous Bitcoin is a bitcoin and ZClassic “co-fork” scheduled to launch in August 2018 with a testnet, with a mainnet launch occurring on September 9. Coins will be distributed via airdrop to all token holders who hold BTC and ZCL at the time of the snapshot, which is also scheduled to take place on September 9.
As of May 2018, there’s limited information about Anonymous Bitcoin available online. The company launched a press release and website in April 2018, although neither feature any technical details about the project. The only thing we really know about Anonymous Bitcoin is that it seeks to combine the reliability and name brand of bitcoin with the anonymity of ZClassic.
To learn more about the project and to stay up-to-date on its development, visit online at AnonymousBitcoin.io.