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Bitcoin Private (BTCP) is Gathering Community Feedback on ZClassic (ZCL) Proposals

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Bitcoin Private
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It’s been only several hours since Bitcoin Private (BTCP), a ZClassic fork that turned out to be one of the more successful hard fork products, started a thread on Reddit addressing the latest point of interest. That is considering proposals submitted by two teams interested in establishing a rock-solid future for ZClassic.

The two teams “competing” for the authority to make further contributions for ZClassic as well as for blockchain technology are named ZclassicCE and ZClassic Blue, each having their own idea of how the future of ZClassic should look like.

Both teams have gone forward with submitting their proposals for ZCL over to the team behind Bitcoin Private so that is why BTCP has started the thread on Reddit regarding this subject in order to collect the community feedback on both teams.

Bitcoin Private Presents ZclassicCE and ZClassic Blue

Regarding the matter of what is going to happen with ZClassic. ZClassic is still alive and well, following the current market trends, however, ZClassic is waiting for a new dev tea that would be able to take this digital asset to the next stage of its development, and that is how we now have two teams, ZclassicCE and ZClassic Blue presenting their ideas for the future of ZCL while submitting their official proposals to BTCP team.

The team ZclassicCE has gone forward with submitting their official proposal not that long ago, stating that the reply that came back from team BTCP announced that they will have an answer for ZclassicCE by September 1st.

The idea that ZclassicCE team has for ZCL is to transform the current asset known as ZClassic (ZCL) to AZCL while holding no forks that would in any way produce another coin like it was the case with ZCash and ZClassic back when ZCL was forged.

Since then the team ZClassic Blue has also sent their proposal for ZCL to the team behind Bitcoin Private, also describing zk-SNARKS technology within their proposal, but offering somewhat different solutions for this digital asset.

Apparently, the team ZClassic Blue is planning on making an overhaul of the ecosystem while making the Masternode verification available, while also suggesting new desktop and Android-supported wallets.

Both teams seem to be making some great points, altogether creating a beneficial surrounding for the future of ZCL, so the community seems to be divided between the two teams, while a portion of Redditors believes that both teams should get the chance to have their proposals pass.

Whichever the opinion on both teams, Bitcoin Private has gone forward with submitting both teams’ proposals within the Reddit post, that way presenting ZclassicCE and ZClassic Blue proposals and allowing the community to provide feedback based on the proposed changes.

By far, there doesn’t seem to be an obvious “winner” between the two, if there will be winners after all.

ZClassic Starts a Partnership with Anonymous Bitcoin (ANON)

ANON, Anonymous Bitcoin announced from their official Twitter page several days ago that ANON will be entering a partnership with ZClassic.

The news came as more than significant for ZCL as the digital coin was left without an official dev team for over 4 months now, while ZclassicCE and ZClassic Blue teams gave their best in assuring that ZCL will get to see some future.

ZCL was also announced in an airdrop that should be organized by ANON where it is stated that ANON will be giving away around 5.000 ZCL units to contributors across the community.

Anonymous announced a double partnership with ZClassic and uRunit.io, announcing “partnerships before forking”.

With this partnership, ZCL and ANON will most certainly get some points on increased adoption given the fact that uRunit users would be able to spend ZCL and ANON for gambling on this platform, represented to the public as the introduction to “a new era in gambling industry”.

As of the most recent case of events, Bitcoin Private has taken over the official Twitter account of ZClassic, so after starting a thread on Reddit, the BTCP team has also asked for the community help through Twitter as well, asking for “community input on proposals submitted for taking over ZCL”.

ZClassic (ZCL) Performance

ZClassic, although without an official dev team for months now, is still complying to the trending currents in the market, which means that ZCL is currently going down in the red alongside with the majority of digital assets.

The market has been acting sluggish for a couple of days now, so ZCL fell by -4.49% in the last 24 hours, currently being traded at the price of 7.72$. ZCL lost over 90% of its value during the last couple of months; however, there is a hope among the community that the new changes could take to a potential rebound against the dollar in the following months.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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