BitcoinZPrice

(BTCZ)

BitcoinZ (btcz) is a decentralized digital currency project that was launched in September 2017. It operates on its own independent blockchain and was established with the goal of preserving the original vision of decentralized, community-driven finance. While its codebase is a fork of Zcash, which itself has roots in the Bitcoin protocol, BitcoinZ is not a chain fork and does not share a transaction history with those networks. The project is built on a Proof of Work consensus mechanism using the Equihash algorithm. This specific choice of technology is intended to ensure ASIC resistance, allowing individuals to mine the coin using standard graphics cards rather than specialized, expensive hardware. This approach is central to the project's philosophy of preventing the centralization of mining power and keeping the network accessible to a wide range of participants. Privacy is a core feature of the network, which utilizes ZK-SNARKs cryptography to allow users to send transactions with varying levels of transparency. This technology enables private transactions where the sender, receiver, and transaction amount can remain shielded on the blockchain. BitcoinZ is notable for its fair launch model. The project was started without an Initial Coin Offering or pre-mining. It has no central authority, CEO, or corporate headquarters. Instead, it is managed by a global community of volunteers who make decisions through a decentralized governance model. This includes the implementation of VaultZ, a community fund approved by a public vote to support the ongoing development and expansion of the project. In the context of the Web3 ecosystem, the project focuses on providing a secure and private medium of exchange for digital transactions. Its community-driven nature ensures that the project evolves according to the needs of its users, maintaining an emphasis on financial freedom and decentralization. Many community members view the project as a movement aimed at democratizing finance and providing tools for individuals to maintain control over their digital assets without the need for intermediaries. Learn more

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