Bitcoin Private is a shining example of how a good fundamental idea can get spoiled by the sub-par execution. In theory, BTCP could have been the real improved version of Bitcoin with its zk-SNARKS, bigger block size, and swifter block formation. However, like with a plethora of other cryptocurrency projects, a good concept doesn't always translate into commercial success. In the case of BTCP, it actually means failure as the coin has nothing to show for with $2000 of daily trading volume.
I have been checking the price forecasts for Bitcoin Private and all of them claim that the price of BTCP will increase by as much as 600% over the course of a year. In all candor, I don't know how they come up with these numbers, but I can hardly perceive them as viable after analyzing the coin's historical data. It's not particularly volatile and doesn't display steady gains over a prolonged period of time. Besides, it doesn't have some groundbreaking fundamental to provide for sustainable growth.
I am convinced that the sole purpose of Bitcoin Private was to partake in two pump-and-dump schemes, which happened right around the time of its launch in April 2018, and then a couple of months later. After that, BTCP went into a lingering correction that lasts even now. No wonder that this cryptocurrency is performing so poorly since it has a pathetic daily trading volume of $7,000, recorded on Graviex, a backwater exchange with a daily volume of $90,000.
Bitcoin private is the hardfork of bitcoin and zclassic. Bitcoin private is intended have the same private technology as zclassic. That signifies that the payments will be published on the public blockchain, but the sender, receiver and the transaction amount will be private. Moreover, Bitcoin private transaction speed is expected to be 4-6 times faster and the commission is much lower than that of BTC.
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Bitcoin Private uses the same privacy technology as ZClassic (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable. Just like Bitcoin, Bitcoin Private supports peer-to-peer transactions without an inte...
| Currency | Price, USD | 24h | |
|---|---|---|---|
| 1 | Bitcoin | 7 451.139 | -6.88% |
| 2 | Ethereum | 156.055 | -9.69% |
| 3 | XRP | 0.239 | -3.08% |
| 4 | Tether | 1.005 | -0.06% |
| 5 | Bitcoin Cash | 214.430 | -10.6% |
| 6 | Litecoin | 49.110 | -7.57% |
| 7 | EOS | 2.688 | -10.54% |
| 8 | Binance Coin | 16.240 | -6.95% |
| 9 | Bitcoin SV | 95.345 | -8.42% |
| 10 | Stellar | 0.059 | -5.25% |
