Bitcoin Private (BTCP) is a digital cryptocurrency that was created in 2018 as a result of a hard fork of the original Bitcoin (BTC). The project was launched with the aim to provide users with a private, more secure, and more efficient version of the original Bitcoin.
The main difference between Bitcoin Private and Bitcoin is that Bitcoin Private uses a different mining algorithm (zk-SNARKs) that allows for improved privacy and security. The new algorithm is designed to make it much more difficult for third parties and hackers to track transactions and the identities of users.
Bitcoin Private also has a faster transaction speed than Bitcoin, which allows for faster payments and transactions. This is because of the use of SegWit (Segregated Witness), which allows transactions to be processed faster than with the original Bitcoin.
In addition to increased privacy and faster transactions, Bitcoin Private also has a larger block size than Bitcoin. This means that more transactions can be processed at once, which leads to faster confirmation times and lower transaction fees.
Bitcoin Private also has a more accessible mining process. While Bitcoin requires expensive, specialized hardware in order to mine, Bitcoin Private can be mined with a regular desktop computer. This makes it much easier for new users to join the network and start mining.
Overall, Bitcoin Private is an innovative cryptocurrency that offers users greater privacy, faster transactions, and more accessible mining. It is an excellent choice for those looking for an alternative to the original Bitcoin.