What is BitcoinZ (BTCZ) Crypto
BitcoinZ is a decentralized platform for Bitcoin technology, and its cryptocurrency, BitcoinZ, is essentially Bitcoin 2.0. Its goal is to provide all of the best and free software that’s available on the market to users of BicoinZ. All transactions of the coin are anonymous, but publicly available; personal privacy is guaranteed while the platform focuses on decentralization and transparency of its data.
The coin of BitcoinZ is accessed through decentralized GPU mining. Processor unit mining is provided to people worldwide by combining the Equihash algorithm with T-addresses and anonymous Z-addresses. This allows BitcoinZ to operate as a cryptocurrency, and also gives it compatibility and portability with other cryptocurrency blockchains.
Users can access all the great aspects of Bitcoin with added benefits. They can back up their BitcoinZ wallet in locations all around the world, store large amounts of coins in wallets that are stored in anonymous locations, and recover those wallets. The wallets will be secured in a safe and private manner.
How BitcoinZ is Different
New features are being added that improve usage, but BitcoinZ won’t change its history and its basis on Bitcoin and the Ethereum. BitcoinZ aims to be a fully decentralized network that offers advantages that users can’t find with any other cryptocurrency network.
The main benefits that BitcoinZ offers that are new are decentralized mining, which uses Equihash; a large maximum supply of BitcoinZ that supplies 21 billion coins; and fast transactions, which enable users to transact up to 125,000 coins every two and a half minutes. The circulating supply of BitcoinZ is similar to Bitcoin. The network focuses on organic growth to expand its large supply and put BitcoinZ into even wider circulation.
BitcoinZ also uniquely offers support for different kinds of platforms. Its wallet is compatible with iOS devices, Android, Windows, and Linux. This means that any user can obtain a wallet and participate, no matter which operating system they have.
– Backup your wallet in many locations
– Store big amount of coins in cold wallets in anonymous addresses
– Don’t give / send anyone your private keys. Private keys needs to be secured. You can recover your wallets. If you give or send anyone your private key please consider it as a red flag and quickly move your coins to other address
BITCOINZ IS BITCOIN 2.0
– Bitcoin technology
– Anonymous transactions (zk-SNARKs privacy)
– Bitcoin has all transactions publicly available.
– decentralized GPU mining (ASIC miners are banned, hardforks to prevent ASIC miners are allowed)
– Decentralized development / All contributors are volunteers
– Big blocks -> blocks are similar to BCH
- Max Supply
- Fast Transactions
2MB every 2.5 minutes
- Circulating Supply
12,500 coins every 2.5 minutes
The BitcoinZ Team goal is to port all best free software on the market to be able to use in BitcoinZ.
– max supply
– only POW algo – The Team may change Zhash algo to other POW algo to prevent ASIC miners
– new features are allowed to improve usage / scalability, but the team will never change history (ETH/ETC case)
- Algo: Zhash (always GPU mining – we promote decentralization in mining)
- Max supply 21B coins
- Current supply: 12,500 coins every 2.5 minutes
- Current block size is similar to BCH (BTCZ = 2MB every 2.5 mins ~ BCH = 8MB every 10 min)