Bitcoin Private (BTCP)
From CryptoWiki
Revision as of 01:49, 26 October 2019 by wiki_crypto>Zeb.dyor
| Type | Privacy Coin |
|---|---|
| Consensus mechanism | PoW |
Basics
Secret Premine
- "The development team behind altcoin Bitcoin Private (BTCP) has confirmed the creation of 2.04 million units of BTCP “that were never intended to exist on the blockchain,” according to an official statement published Dec. 24.
- On Dec. 23, digital assets analytics website Coin Metrics published a report revealing that during the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin BTCP — about $3.9 million at press time — were secretly minted. Per the project’s white paper, the total supply of BTCP is equal to around 20.4 million coins, while the secretly premined BTCP brought “the initial supply to 22.6 million.”
- The BTCP core team says in today’s statement that upon receiving the reports, they “immediately launched an investigation to ascertain whether or not the alleged findings of an additional amount of BTCP coins were true.” After performing an internal audit, the team officially says that Coin Metrics’ findings were “mathematically accurate.”
- For more on the exploit check here
Tech
Team
- Rhett Creighton; co-founder
