Bitcoin Private Hardfork to be Implemented

Bitcoin Private will be the first fork, based on the two blockchains simultaneously
28 February 2018   749

On Wednesday, February 28, Bitcoin Private (BTCP) hardfork with the zk-SNARK anonymity protocol will be implemented. It will be based on the bitcoin network and the zero-disclosure proof. 

Bitcoin Private will be the first fork, based on the two blockchains at the same time, and the PoW-algorithm Equihash will allow BTCP to be mined via video cards.

The block size of the network will be 2Mb, and the frequency of generation of new blocks will be 2.5 minutes, while each will contain 12.5 BTCP. The required number of blocks to confirm the new block is 100. At the same time, 10 blocks are needed for the shielding and another 10 for the return return from the shielding, which is due to the peculiarities of the zk-SNARK protocol. It is worth noting that the recalculation of the complexity will be performed after each block found.

BTCP coins will traditionally be distributed in a 1: 1 ratio between bitcoin and ZClassic holders.

It is also worth noting that project has a big team and most of them even have profile photos.

While Bitcoin Private is supported by the multi-currency Coinomi wallet and HitBTC, TradeSatoshi and KuCoin.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   189

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.