What is Bitcoin Private? Part I

in #cryptocurrency7 years ago

Bitcoin Private-private, decentralized, fast, open source, community-driven coin.

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  • 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?

Snapshot date: February 28th, 2018.
Fork Date & Main Net Launch: Approximately 2 days later.

  • 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.

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