Bitcoin Private Hardfork to be Implemented

Bitcoin Private will be the first fork, based on the two blockchains simultaneously
28 February 2018   1112

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.

VeriBlock to Report on Mainnet Launch

VeriBlock believes their technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”
21 March 2019   81

Using the bitcoin blockchain to ensure the safety of altcoins, the VeriBlock project announced the launch of the main network. This is reported in a press release.

According to the developers, the VeriBlock technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”. The project is confident that this approach not only ensures the security of less popular networks, but also allows their developers to focus on innovation and functionality.

According to analysts of The Block, 25–45% of bitcoin transactions fall on VeriBlock. The VeriBlock network uses a consensus algorithm called Proof-of-Proof (PoP). The project seeks to ensure the safety of other blockchains by loading a snapshot of the altcoin registry into the BTC blockchain, using the OP_RETURN function and other methods to embed network state data.

The project’s website states that PoP allows altcoin networks to use the most protected Bitcoin blockchain with its Proof-of-Work algorithm.