BitcoinZap: New Cryptocurrency Coin Technology Forking From Bitcoin?
There’s a New Upcoming Hard Fork Called BitcoinZap
BitcoinZap is an upcoming hard fork scheduled to launch in August 2018. The BitcoinZap team announced the news on May 17 via a Medium post.
The team acknowledges that there have been an overwhelming number of hard forks in the crypto community over the past year. Many of these hard forks – particularly the bitcoin hard forks – seem to function like cash grabs. They take advantage of the bitcoin brand name then quickly disappear. Other hard forks, like Bitcoin Cash and Bitcoin Gold, continue to be actively developed and supported.
What makes BitcoinZap different from previous hard forks? The team claims they will “stand out from the crowd” by offering “aggressive transparency and a clear, punctual and developed roadmap.”
The company’s short-term road map includes releasing details of the coin and its team on May 21, releasing the whitepaper on May 23, and announcing exchange listings on May 30. However, it’s now May 23 and there have been no further updates posted online – so it’s unclear what BitcoinZap’s team is talking about.
In terms of a launch date, BitcoinZap’s public testnet is scheduled to go live in just a few weeks on June 15, followed by the mainnet launch (the hard fork) on August 18.
Details of the project are a complete mystery. The Medium post announcing BitcoinZap doesn’t even feature a website link. No further Medium posts have been uploaded by the BitcoinZap account since the post appeared online a week ago. We can’t find any domain name or URL for BitcoinZap.
Despite the total lack of information, the team insists it’s a legitimate project based exclusively on their roadmap:
“With a roadmap that has already been structured and deadlines that will not be missed, BitcoinZap is ready to emerge as a real, proactive currency.”
Unfortunately for BitcoinZap, the team appears to have already missed its first two deadlines, as we can’t find a whitepaper or any further details about the coin available online.
We don’t even know if BitcoinZap is a hard fork off of the main bitcoin blockchain. We assume it’s a bitcoin hard fork – but we’ve seen other hard forks branch off of Bitcoin Cash or altcoins.
Ultimately, aside from Bitcoin Gold and Bitcoin Cash, the vast majority of bitcoin hard forks have failed completely. Most have been scam projects designed to take advantage of the bitcoin brand name.
As of May 23, BitcoinZap has released no further information about the project online – so the company has already failed to meet any of its deadlines. Unless something appears online shortly, we assume BitcoinZap is yet another scam project with no real substance.