1. Introduction
BitcoinZ is the next generation of Bitcoin, inheriting the advantages of Bitcoin anonymous transactions (zero-knowledge proof), using decentralized GPU mining (ASIC-resistant mining machine, allowing the bifurcation, making BitcoinZ resistant to any ASIC miners in the future). With distributed development, all contributions come from volunteers. Large-capacity block, similar to BCC/BCH.
2. Project introduction
BitcoinZ (BTCZ) claims to be Bitcoin 2.0, we uphold the original intention of fairness and mint a coin for everyone. All are equal and every coin is made by and for the community. BitcoinZ is dedicated to the purest son of freedom - 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, only work for improvement, no changes to history;
Fair proposal system;
Everyone is equal, every coin is owned by the community and made 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 principle of fairness, the continued decentralized nature of the approach is strongly encouraged that innovative approaches to decentralization should always be researched, maintaining the integrity and primary vision of "For All Coins".
Enter the BitcoinZ Community Coin. There are no restrictions on the discovery of new technologies, meeting the criteria for community acceptance of proposals:
A. 210 million gold coins as a total supply, enabling everyone on the planet to own at least one BTCZ.
The B. 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 on public forums, giving everyone a chance. 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 sending and receiving of BTCZ coins. 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 blockchain. For example, the height of the genesis block is 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 getting blocks.
DNS Seeder - A crawler for the BitcoinZ network that has a built-in DNS server by publicly exposing a list of reliable nodes. The wallet uses 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 equally through the network according to the amount of work they contribute. Solve a hurdle that grants pool members a "share" as long as they provide valid proofs.
Proof of Work (PoW) - A proof of work is an intractable piece of data (expensive to produce, but easy for others to verify and satisfy certain requirements. Proof of work may be a random process, The probability is low, so 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 - hosted by an Internet service as A virtual machine sold by the 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 almost any software that runs on that OS. It's the same as running its own Hardware resources are shared by other users of the OS instance.
zk-SNARKs - succinct non-interactive knowledge arguments with zero knowledge. They allow one party to prove a statement to the other without revealing any information beyond the validity of the claim itself. In BitcoinZ, these are transactions that take place when using the z address.
