Bitcoin Zero (BZX) is an anonymous Hexx/Bitcoin fork which allows for full anonymity. An anonymous Bitcoin fork has been the goal of developers across the world since Bitcoin’s inception.
The fork is scheduled for August 31, 2018 and will be done in a 10 BZX to 1 HXX ratio and a 1 BZX to 1 BTC with a circulating supply of 42 million coins.
Bitcoin Zero makes use of the ZeroCoin protocol in order to achieve anonymity in transactions. Instead of having to trust the development team with a trusted setup, like zkSNARKS, ZeroCoin takes a non-anonymous coin and exchanges it for a “ZeroCoin” which can’t be traced back to a specific user. A ZeroCoin is a token you receive after destroying BZX.
It’s a token that takes the place of the number of BZX coins, that are destroyed, during an anonymous transaction. This process is specifically used to ensure an untraceable transaction.
Bitcoin Zero will be using a hybrid PoW/PoS consensus algorithm which will allow people to run Masternodes (BZnodes). This hybrid is known as the ZeroCoin protocol. It will require 10,000 BZX to set up a master node.
This feature is especially exciting because it gives users the benefits of PoW while allowing them to earn passive income and reap the benefits of a PoS system.
Touting a 2.5 minute block time, BZX will be operating at 4 times the speed of Bitcoin. Additionally, Bitcoin Zero is ASIC resistant and GPU preferable.
BZX is working to create a web wallet and get listed on top exchanges following their August 31, 2018 launch.
Join their telegram: https://cryp.gr/BZX-tg
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