A new co-fork of Zclassic and Bitcoin will launch on August 10, 2018, under the name Anonymous Bitcoin (BTCA). It will be entering the privacy coin niche, making it a rival to currencies like Monero, PIVX, and Verge. Most notably, it will be in direct competition with Bitcoin Private (BTCP), a coin which also launched as a fork of both Bitcoin and Zclassic.
The people in the Anonymous Bitcoin community see the coin as a more impressive and robust version of Bitcoin Private. For instance, one of Anonymous Bitcoin’s promises is that it will launch with support from exchanges, something Bitcoin Private has struggled to do. Another huge difference between the two coins is that Anonymous Bitcoin has implementation features for masternodes, meaning that it has staking capabilities, but make no mistake, this is a Proof of Work coin.
To provide anonymity, BTCA will be using the zkSNARKs protocol, arguably one of the most robust systems for creating anonymous transactions. zkSNARK’s is also used by ZCash, and Ethereum will be adopting it soon. Currently, Monero uses an alternative called RingCT to achieve privacy, but this could change in the future.
One of the most promising advisors on the Anonymous Bitcoin team is Steven Nerayoff, an entrepreneur who has a track record of working on high-profile cryptocurrency projects such a ZCash, Bancor, Lisk, and most notably Ethereum.
When Anonymous Bitcoin launches, it is possible that it could swiftly climb the ranks in the privacy coin ecosystem. Forks of Bitcoin tend to do well in their first few weeks of creation, and carrying the Bitcoin name is often helpful when trying to gain recognition. If Anonymous Bitcoin can fulfill its promise of having exchange support, it is likely that its price would surpass that of Bitcoin Private (its main rival).
Kai is a cryptocurrency copywriter and professional trader. He can often be found investigating various cryptocurrencies, whitepapers, and blockchain technologies. Kai has been a professional writer for 5+ years, and has invested in 50+ different coins and tokens. He also currently studies Law and Philosophy at university.