BTCZ-BitcoinZDetailed Description

BTCZ-BitcoinZ Detailed Description

BitcoinZ is the next generation of Bitcoin, inheriting anonymous transactions of Bitcoin (zero knowledge proof) The advantage of using decentralized GPU mining (anti-ASIC mining machine, allowing hard bifurcation, so that BitcoinZ can also resist any ASIC mining machine in the future). With distributed development, all contributions come from volunteers. Large capacity block, similar to BCC/BCH.

Project Introduction

BitcoinZ (BTCZ) claims to be Bitcoin 2.0, and we have been fair and minted a coin for everyone. Everyone is equal, and every coin is made by and for the community. BitcoinZ is committed to the purest son of freedom - Thaddeus Kosciuszko, and expressed his respect for his vision of freedom in the Genesis block timestamp.

The founding principle is:
100% decentralized development;
Zclassic spirit, Zcash core, basic knowledge of Bitcoin;
Never change, work hard just for improvement, and change history is prohibited;
Fair proposal system;
Everyone is equal, and every coin is made by and for the community;
Everyone should be able to mine (anti-ASIC);
No pre-exploitation, no ICO, no development tax.

To promote the core principle of equity, the method of continuing to decentralize nature is strongly encouraged that innovative decentralization methods should always be studied, maintaining the integrity and main vision of “making coins for all”.

Enter BitcoinZ Community Coins. There are no restrictions on the discovery of new technologies and meet the community's acceptance proposal standards:
A21 billion gold coins as a total supply, allowing everyone on Earth to have at least one BTCZ.
B. Equihash PoW algorithm can use commodity hardware for mining, thereby reducing mining entry barriers.
C. The decentralized development of volunteers who are not subject to geographical restrictions. Everyone can and is encouraged to participate and contribute to the project to further promote BitcoinZ as a gift to the world.
D. Start coin production fairly by posting on public forums, providing opportunities for everyone. No lightning protection device
Without a development fund, all coins will be mined by the community.

Technical Overview

BitcoinZ Daemon/Wallet - Programs running on Linux, Windows, macOS or mobile devices communicate with the BTCZ blockchain, allowing the sending and receiving of BTCZ coins. The program contains your BTCZ address and can also export the "private key" of your address to import it into another BitcoinZ daemon or wallet.

Block height—the number of blocks before a specific block on the blockchain. For example, the height of the Genesis block is zero because the previous block is zero.

Blockchain Explorer - A program or website that allows users to search and navigate blockchains. Uses include checking address balances, tracking coin transactions, and obtaining blocks.

DNS Seeder - BitcoinZ network crawler, which is built-in DNS server by exposing a list of reliable nodes. The wallet uses a list of nodes to connect to the network and synchronizes the blockchain.

Mining pool - the resource that miners share resources. Miners distribute rewards evenly based on the work they contribute. Resolve a barrier and grant a “share” to the mining pool members as long as they provide valid proof.

Proof of Work (PoW) - Proof of Work is a difficult data to process (expensively produced, but easy to verify by others and meets certain requirements. Generating a proof of work can be a random process with low probability, so it requires a lot of trials and an average error handling is required before generating a valid proof of work. BitcoinZ uses Equihash as its PoW algorithm.

Virtual Private Server - Virtual Machines sold by Internet Hosted Services as Services. VPS runs its own copy of the operating system (OS) and customers may have superuser-level access to that operating system instance, so they can install almost all the software running on that OS. It shares hardware resources with other users running its own OS instance.

zk-SNARKs—A concise non-interactive knowledge debate with zero knowledge. They allow one party to prove to the other party that the statement is correct beyond the validity of the statement itself without revealing any information. In BitcoinZ, these are generated when the transaction occurs using the z-address.