The Bitcoin Private hard fork took place at 17:00 UTC on 28 February in Bitcoin’s and ZClassic’s blockchains. It will support a zero knowledge proof-based protocol zk-SNARK.
Bitcoin Private is the first fork of Bitcoin based on 2 blockchains at once. The main feature of the fork will be the use of the zk-SNARK protocol for hiding transaction-related data. This technology was first used by the developers of anonymous cryptocurrency ZCash. The new fork was supported by multicurrency wallet Coinomi and cryptocurrency exchanges HitBTC and TradeSatoshi. In their turn, Bittrex exchange’s representatives emphasized that owners of ZClassic will get BTCP coins too despite the fact that the platform won’t add the fork to their listing.
A bloc size will amount to 2 MB and new blocs will be generated every 2.5 minutes, with every new bloc containing 12.5 BTCP.
BTCP coins will be traditionally distributed between Bitcoin and Zclassic holders at a 1:1 ratio. The team of the hard fork’s developers has already made a tweet for Bitcoin and ZClassic holders on how to get their digital assets.