In simplest of forms…
A hard fork occurs when a single cryptocurrency, ( bitcoin) splits in to, 2 cryptocurrencies (bitcoin, bitcoinPrivate)kinda. Similar to how a Stock (i.e. GOOGLE) would split in two, (GOOGLE, ALPHABET) It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. This case is somewhat unique, whereby ZCL and BTC will be co-forked into Bitcoin Private (BTCP).
When is the hard fork?
Snapshot date: February 28th, 2018.
Fork Date & Mainnet Launch: Approximately 2 days later.
How do I receive BTCP?
When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 15.4 ZCL and 0.1 BTC, you will receive 15.5 BTCP.
Who runs Bitcoin Private?
Bitcoin Private is a community-driven BTC/ZCL fork consisting of over 50 talented contributors currently. We are fully transparent to the community and often allow them to make decisions regarding the fork and the future of Bitcoin Private.
What exchanges will support the fork?
Currently, we are engaged in active discussions with individual exchanges but please be patient as we are not yet releasing statements regarding support from individual exchanges.
How many ZCL are in circulation, and how many BTCP will there be after the fork?
Currently, there are about 3,000,000 ZCL in circulation. When the fork occurs, the total BTCP in circulation will be the current circulating supply of BTC plus ZCL.
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