At the end of January, ZCL and Bitcoin will hard-fork to give birth to Bitcoin Private.
ZClassic is a futures market for Bitcoin Private.
After the double HF, 1 ZCL will get you 1 BTCP and 1 BTC will get you 1 BTCP.
I have checked the Github, forums, and development team. They are legit.
If you look at the market, it has seen some price action (from 11k sats to ~7/800k sats now) with a very healthy stabilization phase. More interestingly, if you look at the order book for the past few days, people are clearly accumulating. In fact the ask side of the book is drying up with only a few ten thousands coins available for sale.
Bitcoin Private is a Bitcoin hard-fork incorporating ZClassic. Its features are:
- zk-SNARKs technology (shielded transactions)
- low-fee transactions
- advantageous fee schedule to scoop up miners
- adjustable difficulty
- no founder rewards (unlike ZCash who allocates 20% of the monetary mass for its founders)
- no pre-mine obviously.
In addition to that, consider that:
- the project lead, Rhett Creighton (twitter.com
- Bitcoin Private offers a risk-free hedge for Bitcoin whales. Privacy (and tax evasion) is a big issue for capital-rich folks in Bitcoin. Some folks have so much BTC that they cannot move their capital into privacy-centric projects at a decent pace without leveling the whole market. Bitcoin Private allows them to do that without any friction.
- The team behind the project is trying to deliver actual value to end-users. The best way to quantify that is to look at the dev logs.
- Historically, we have seen Bitcoin hard-forks with no substance at all be priced ~3/400$. My price analysis will factor this fact and assume that the BTCP hard-fork tries to deliver real value for end-users (not just cleverly engineer scarcity).