Beginner’s Guide to Bitcoin Private: A Privacy Coin Forked from Bitcoin & ZClassic
This means payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable. Bitcoin Private's entire codebase is publicly available for viewing and verification by anyone. It will always remain open source and be maintained by an ever growing community. Just like Bitcoin, Bitcoin Private supports peer-to-peer transactions without an intermediary.
These transactions are verified by network nodes through the use of cryptography and recorded in a public ledger.
Electrum BTCP: Download Bitcoin Private wallet for Windows/Linux/MacOS |
Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds. In the nature of transparency and open source, Bitcoin Private is developed by team members all over the world. Each member fills roles and contributes based on his or her skill sets.
There was no premine, and there is no founder's reward. Bitcoin Private has been released in a fair manner to all.
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Stay tuned! Latest News: Snapshot occured at block height , Latest News: One click miner for Windows. They have a dedicated support article guiding users on how to claim forked coins using the Coinomi wallet. Once users have installed and set up the corresponding wallets, the next step is to send your obtained coins from the exchange to the wallet. Double check three criteria:. It is highly recommended to test the functionality of your wallet addresses to confirm they are working ok. Simply send a small amount to your wallet for the first time to test. If the transaction goes through, you should be confident to send the rest all at once.
Once you input the destination address, send off the funds. The transaction will take a bit of time to propagate through the blockchain and users should see the transaction as verified. If not, give it some time. If the transaction takes an abnormally large amount of time, users should seek to troubleshoot their wallet for any possible unintended issues.
Rest assured if users have sent the transaction to the correct destination with the correct wallet address, the transaction will be valid on the blockchain once the technical wallet issue is resolved. After the transaction has arrived in your wallet, users are already prepared for the fork. To export a private key file on the Full node ZCL wallet, right click on your own receiving address and it should allow you to copy the text. You may be prompted to unlock your wallet using your encryption password if it is set.
This will prompt you for your encryption password if you have set one. Then choose a. Rest assured, so long as your ZCL is on one of the aforementioned wallets, you will be safe. After the fork, users are recommended to follow best practices for staying secure after participating in a fork. Disclaimer : This post is not financial advice and reflects the personal views of the author.