Bitcoin Fork: Bitcoin Private (BTCP).
A new Bitcoin hard fork is coming: Bitcoin Private!
What is a hard fork?
A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. This case is somewhat unique, whereby ZCL and BTC will be co-forked into Bitcoin Private (BTCP).
When is the hard fork?
At this time, no official date has been announced. The Bitcoin Private team is working tirelessly to get everything ready for the impending release.
According to this tweet the snapshot date will be released soon.
How do I receive BTCP?
When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.
Whitepaper
The whitepaper is coming soon.
Exchange
They are engaged in active discussions with individual exchanges but they are not releasing statements regarding support from individual exchanges.
Replay protection
Bitcoin Private will support Replay protection.
Circulating supply
The number of BTCP in circulation after the fork will be the circulating supply of ZCL plus BTC's one.
In terms of numbers it will be: 16,793,850BTC + 3,059,250ZCL = 19,853,100BTCP
Buy BTC or ZCL
You can buy BTC and/or ZCL on exchanges like
Any idea if Coinbase will support this? If not, how does one take advantage of the airdrop? Would moving BTC to a cold wallet work?
Coinbase will not support any fork. To get BTCP move your BTC to a cold wallet or a wallet that gives you a private key.
I know that Binance supports every fork of BTC, you can move them there.