First, I will start with a more artistic entry, followed by a more fundamental analysis of the Bitcoin Private [BTCP] development roadmap - from the developers, to the last point in the roadmap. I just need to stretch your mind a bit, in order to contribute to your brain activity, because I want to tell a lot, and of which I have something to say about.

Early summer, time to finish the business related stuff of the year and calmly go for a relaxed vacation and spend time with the family. As this is the only time of the year when many of us can collect their families for a longer period of time and relax together. A time for reflection for all, especially the [men and women] interested in investment. This is the time to reflect on your positions. Bitcoin Private comes to mind.



Bitcoin Private blockchain protocol is not issued using an ICO, but formed by a merge-fork between Zclassic(ZCL) and Bitcoin(BTC). The difference between a hardfork and ICO being that the first does not have the treasury size that your typical ICO collects, at launch. The review of these is essential in understanding its proper potential and the time frame for investment.

As such, there are several factors for investment to consider: - e.g. it should have a huge potential for growth, which means a good technology that can be improved upon a sizeable, dedicated and active development team; Personally, I am absolutely confident that a project should be created by the crypto-currency community, being decentralized, and not by a centralized company or entity - since then you fulfill someone's interests in for example money laundering or fraudulent accumulation, so there is a big risk to fly into the so-called "Matthew effect" - the rich get richer , and the poor are getting poorer.

Exploring the crypto-currency market in detail for eight plus months, I found myself several options for investing in the summer of 2018, one of which I want to discuss now (since others are absolutely different from this in application and ideas): Bitcoin Private.

BITCOIN PRIVATE (BTCP)

1. BTCP Merge-fork

Before I start, the first thing I want to say - do not pay attention to attempts to pursue (anonymous) cryptocurrency issued by governments. It will live as long as there is a need and urgency to allow anonymous transactions, while the authorities will, one day, try to "bend" us - that is, in the end, always. China's social control agenda comes to mind, considering a backdoor present at all times, presumably.Firstly, Bitcoin Private is unique in that it is the first mergefork ever created in crypto using two different blockchains, namely Zclassic (ZCL) and Bitcoin (BTC) The blockchain protocol launch was more than successful. The newly created BTCP cryptocurrency received a blocksize of 2 Mb with blocktime of approx. 2.5 minutes, which makes it possible to conduct fast transactions at least 4 times faster than Bitcoin (BTC, 10 minute block time).

2. PRIVACY

The BTCP proven privacy technology zk-SNARKs, borrowed from Zcash / Zclassic, allows for a future opportunity to upgrade to zk-STARKs. And we should mention that Vitalik Buterin, creator of Ethereum is one of the people that are investing in development of this privacy protocol.

3. Technologicaly Evolution of True Privacy Protocols, not Obfuscation

Originally developed by MIT scientists in the mid 1980s, ZK-SNARK cryptographic tech containing Zero-Knowledge (ZK) proofs solves the problem as to how the public can trust input and computational output while preserving financial privacy. Only recently, its full potential is being realized, e.g. using our Bitcoin Private blockchain.Full out, ZK-SNARK stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. It refers to a cryptographic proof technique where one can prove possession of certain information, without revealing that information, and without any required interaction between the prover and verifier. Zero-knowledge proofs allow one party (the prover) to prove to another (the verifier) that a statement is true, without revealing any information beyond the validity of the statement itself.For more open source detailed information about Zk-SNARKs, please read Zcash analysis here: https://z.cash/technology/zksnarks.html However, there are limitations to ZK-SNARKs, one being that is requires a 'trusted setup', one which cannot be transparent. A risk for the future involves the trusted setup becoming efficiently compromised by quantum computing algorithms. Not yet a concern today.The next evolution of ZK-SNARKs cryptographic proofs is evolving with ZK-STARKs. ZK-STARKs, the difference being a T for Transparent in the middle, allows for scalable proof generation and verification. It brings public randomness, absent a trusted setup, as required by ZK-SNARKs. As such, ZK-STARKS is quantum secure. Consider this the future of privacy on decentralized blockchains. Bitcoin Private aims to lead the way, using proven technology to maintain your transactional privacy.

4. Rebase BTCP from ZEC to BTC codebase

As said before, Bitcoin Private codebase is similar to Zcash codebase, forked from Bitcoin in 2015/2016. ZEC codebase is generally 3 years behind bitcoin ( BTC). Bitcoin Private intends to change that. With Bitcoin Private you get a rebasing of the ZK-SNARKs privacy tech into the latest lean and mean BTC script code, allowing for Segwit transactions (essentially compression of transactions in the blocksize) and future readiness for Lightning Network (LN), allowing future scaling using payment channels to remain open for longer timeframe. Therefore, with the Rebase of Zclassic code to the latest BTC blockchain code base you can expect the following to be realized:-BIP32-Lightning Network (LN)-Segwit

This lean and mean BTC(P) script code base also represents a big victory over competitor Monero (XMR), due to Monero being much more elaborous to code. This is also reason why Monero has difficulty finding talented developers to be able to integrate Monero into hardware wallets like Ledger Nano S and Trezor. For Bitcoin Private we have full integration of BTCP wallets ready to use on Ledger Nano S wallet. Trezor integration has been completed and awaits a Trezor release update for BTCP wallet to be fully implemented.

5. A promising roadmap:

BTCP merchant platform (BTCPpay.com)

Sending Bitcoin Private via SMS (cointigo.io)

Lightning Network

Jubjub

Dandelion - new anonymity protocol on Bitcoin's blockchain

Tor Wallet

BTCP decentralized exchange

6. Lightning Network

LN is a "second layer" payment protocol that operates off-chain the blockchain (most commonly Bitcoin). It enables instant transactions between participating nodes and has been touted as a solution to the bitcoin scalability problem. It features a peer-to-peer system for making payments of digital cryptocurrency through a network of bidirectional payment channels without delegating custody of funds and minimizing trust of third parties. Lightning Network allows for payments channels to open, remain open for extended periods of time, and eventually close onto the blockchain, minimizing the amount of on-chain transactions.

For an interesting short film explanation, watch here:

