With the advent of the internet, the world has seen data-sharing at a scale that was previously thought to be unfathomable. While higher accessibility does have its own advantages, all too often users are required to surrender their privacy in exchange for content. Bitcoin Private is an all new low-fee, fast, and private transaction network that has been developed in line with Satoshi Nakamoto’s original vision of a decentralized network.
When looked at from a third-party perspective, we can see that Bitcoin Private is the product of a fork-merge of Bitcoin with Zclassic. In terms of its core features, we can see that it delivers users with a highly flexible blockchain platform that eliminates the need of trusted middlemen and empowers any two individuals to freely and securely transact with one another.
What’s So Special With Bitcoin Private?
As per the whitepaper, Bitcoin Private makes use of the same security modules that are employed by ZClassic as well. What this means is that payments that are processed within the system are published within a public blockchain. However, sensitive data pertaining to the sender, recipient and other transaction metadata remains completely unidentifiable.
Owing to its decentralized structure which resembles that of Bitcoin, Bitcoin Private is able to support peer-to-peer transactions without the need of any middlemen.To be more specific, we can see that all recorded transactions are verified by “network nodes”.
(iii) Added Security Layer:
In addition to using conventional safety features, the platform also makes use of other technologies such as cryptography to protect ledger data.
(iv) Quick and Efficient:
While Bitcoin is known to be slow in its processing time, Bitcoin Private supports a ‘slightly increased block size’. But more than that, the design allows for increased anonymity when compared to other Bitcoin-based currencies.
Other Key Aspects to Consider
(i) Open Source Based:
As with all high quality blockchains, Bitcoin Private's entire codebase is available to the public for use and manipulation. This not only promotes trust, but also allows for faster error detection within the system.
(ii) Community Support:
One of the most underrated aspect of this platform is its solid community support. According to the website, Bitcoin Private is developed by a team of over 70 members, each of whom fill different roles and contribute in a variety of unique ways.
(iii) Fair Token Distribution:
Bitcoin Private has been released to the public without the use of a “pre-mine” event. To be more specific, all native tokens have been distributed on a 1:1 basis to BTC and ZCL holders.
How Do I Get Onboard With Bitcoin Private (BTCP Token)?
To buy native tokens or download some of the digital services being offered by Bitcoin Private, users can visit the official company website and follow the instructions outlined there. For any other details, queries related to this platform, users can get in touch with company officials either via Github or though their Telegram portal.
Alternatively, users can also explore avenues such as Facebook, Twitter, Reddit, Discord to establish communication with representatives.