A Fork of a Fork and a Merger?!
Bitcoin Private will be a hard fork from Bitcoin, but also a merger with ZClassic (ZCL). ZClassic was itself forked from ZCash 2016, and has been forked into Zencash in May 2017. So it’s a forked currency merging with a currency to form a new, forked, merged currency! Confused yet?
The snapshot date is set for February 28th, with the fork itself scheduled for two days later; March 2nd, according to the official Twitter.
ZClassic (ZCL) specializes in anonymity; the sender, receiver and amount can all remain private at the discretion of those involved in the transaction – hence the name “Bitcoin Private”. Bitcoin Private will use the equihash algorithm of ZClassic, as Bitcoin Gold did with ZCash on its release. However, the existing blockchain will become a version of Bitcoin, making it a true hybrid. In addition, holders of both Bitcoin and ZClassic at the time of the fork, will receive Bitcoin Private at 1:1.
The news of this fork is expected to spark a large increase in the price of ZClassic, which began the year by rising from $4 to just over $100. However, I predict the possibility of massive rises, well beyond the $1000 mark, once the fork takes place.
Action to Take: Buy ZClassic (ZCL)
Current Price: $156
Target Sale Price: $700+
Buy From: Bittrex
Play the game, don’t let it play you!