Bitcoin 2 is a Bitcoin-based community-centric cryptocurrency with a focus on decentralization, privacy, speed, scalability and real-world use. It utilizes an energy efficient Proof of Stake protocol and a second-tier Masternode network to handle transactions. Bitcoin 2 is continuously striving to achieve instantaneous private transactions, and fungibility in order to remain as one of the most advanced cryptocurrencies. Bitcoin is a worldwide payment system that allows for transactions with this currency.
Bitcoin 2 is basically a form of online digital money that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees. You can convert your money into Bitcoin 2 and just hold to earn rewards similar to interest, trade on an exchange to buy other digital currencies or buy goods or services online and offline where it is accepted.
The goal of Bitcoin 2 is to be an advanced digital currency that is fast, secure, decentralized & private. Bitcoin 2 has no central processing where all operations occur exclusively within the same customer network secured by nodes all around the world.
Bitcoin 2 has implemented a well known highly-vetted protocol called Zerocoin with many custom enhancements allowing blockchain-level transaction anonymity in the way of unlinkability.
zBTC2 provides a protocol-level coin mixing service using zero knowledge proofs to sever the link between the sender and the receiver with 100% anonymity and untraceability. This means that each coin that gets sent using zBTC2 is now 100% fungible as it has no determinable history attached to them. The zBTC2, where BTC2 is a unit of Bitcoin 2 and z prefix is for Zerocoin.
Bitcoin 2 zBTC2 accumulators are encrypted using RSA-2048 challenge generated keys which negates the need for a developer trusted setup and means that no individual knows the factors. This means that everyone’s privacy is ensured through the use of zBTC2.
ADVANTAGES OF USING zBTC2 PROTOCOL
– zBTC2 can hide your coin balance from prying eyes protecting you from being targeted.
– zBTC2 balance isn’t linked to any particular address and send a fully transparent transaction when required.
– zBTC2 can hide the transaction history of the coins being sent.
– Source & target addresses aren’t visible making it private, safe and fungible.
– zBTC2 anonymous transactions are very fast.
– It takes as little as 0.5 seconds to mint and 2.5 seconds to spend zBTC2.
Technical Specs (in Bitcoin 2 Core v2.0)
Key Features: Custom accumulator check pointing system
Accumulator Encryption: RSA-2048
zBTC2 Denominators: 0.05, 0.2, 1, 5, 20, 100, 500, 2000
Mint time: >= 0.5 seconds
Spend time: >= 2.5 seconds
Maximum single Spend limit: 34,000 BTC2
Maximum single Spend denomination count limit: 17
Maximum block size: 4 MB
Fees (mint): 0.001 BTC2 per minted zBTC2 denomination.
Fees (spend): No fee to spend zBTC2 back to BTC2. (In other words no fee to send zBTC2.)
Minimum BTC2 confirmation count required to mint zBTC2:6
Minimum zBTC2 confirmation count required before spend:20
Maturity requirement before zBTC2 can be spent: 1 new identical denomination mint added to accumulator after yours is added.
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=2871452
Published by: Harleyberry
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1620264
Eth Address: 0x2F646B6A6085d34B0Efc88C1b0DCaa8B3af2E53C