BTCZ-BitcoinZDetailed Description

BTCZ-BitcoinZ Detailed Description

< span style="color: rgb(102, 102, 102); font-family: " microsoft yahei"; font-size: 14px; background-color: rgb(255, 255, 255);">BitcoinZ is the next generation Bitcoin Bitcoin, inheriting the advantages of Bitcoin anonymous transactions (zero-knowledge proof), using decentralized GPU mining (anti-ASIC mining machines, allowing hard forks, making BitcoinZ resistant to any ASIC mining machines in the future). With distributed development, all contributions come from volunteers. Large-capacity blocks, similar to BCC/BCH.

Project Introduction

BitcoinZ (BTCZ) claims to be Bitcoin 2.0, we uphold the original intention of fairness and mint one coin for everyone. All are equal and every coin is made by and for the community. BitcoinZ is dedicated to the purest Son of Liberty - Thaddeus Kosciuszko, and honors his vision of freedom in the genesis block timestamp.

The founding principles are:
100% decentralized development;
Zclassic spirit, Zcash core, Bitcoin basics;
Never change, just for Efforts to improve, prohibit changes to history;
fair proposal system;
everyone is equal, every coin is made by and for the community;
everyone should be able to mine( ASIC resistant);
No pre-mining, no ICO, no dev tax.

In order to promote the core principles of fairness, methods that continue to be decentralized in nature are strongly encouraged. Research into innovative methods of decentralization should always be done, maintaining the integrity and main vision of "money for all".

Enter the BitcoinZ community coin. There are no restrictions on the discovery of new technologies, which meet the criteria for community acceptance proposals:
A. 21 billion gold coins as the total supply, so that everyone on the planet has at least one BTCZ.
B. The Equihash PoW algorithm can be mined using commodity hardware, reducing the barriers to entry for mining.
C. Decentralized development of volunteers without geographical restrictions. Everyone can and is encouraged to participate and contribute to the project to further advance BitcoinZ as a gift to the world.
D. Start coin production fairly by posting in a public forum, providing opportunities for all. No Mines
No Development Fund, all coins will be mined by the community.

Technical Overview

BitcoinZ Daemon/Wallet - A program running on Linux, Windows, macOS or mobile devices that communicates with the BTCZ blockchain, allowing BTCZ coins to be sent and received. The program contains your BTCZ address and can also export the "private key" of your address to import into another BitcoinZ daemon or wallet.

Block height - the number of blocks before a particular block on the block chain. For example, the genesis block has a height of zero because the previous block was zero.

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

DNS Seeder - A seeker for the BitcoinZ network that has built-in DNS servers by publicly exposing a list of reliable peers. Wallets use a list of nodes to connect to the network and synchronize the blockchain.

Mining pool - a resource where miners share resources, and miners distribute rewards evenly according to the amount of work they contribute through the network. Solve a hurdle that grants "shares" to pool members as long as they provide valid proof.

Proof of Work (PoW) - Proof of Work is a data that is difficult to process (expensive to produce, but easy for others to verify and meet certain requirements. Producing a Proof of Work may be a random process with a low probability, Hence a lot of trial and error handling is required on average before a valid proof of work can be generated. BitcoinZ uses Equihash as its PoW algorithm.

Virtual Private Server - A virtual machine sold as a service by an Internet hosting service. A VPS runs its own copy of an operating system (OS), and customers may have superuser-level access to that OS instance, so they can install nearly any software that runs on that OS. It shares hardware resources with other users running their own OS instances.

zk-SNARKs - Zero-Knowledge Succinct Non-Interactive Knowledge Arguments. They allow one party to prove to the other party that a statement is true without revealing any information beyond the validity of the statement itself. In BitcoinZ, these are generated when a transaction occurs using a z-address.