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John McAfee leads “crypto privacy movement” for Bitcoin Private [BTCP]

Anirudh VK

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John McAfee leads "crypto privacy movement" for Bitcoin Private [BTCP]
Source: Unsplash

John McAfee is reportedly now in support of privacy coin Bitcoin Private [BTCP]. On his Twitter page, he posted a picture made by user tommyp408 with the caption “Don’t think about stealing Boss’ Bitcoin Private!: McAfee Elite Security Force”

The image posted by McAfee on Twitter

He also held a poll previous to this, in which he asked his followers:

“I have been asked by many of the 52,000+ supporters of BTCP to lead a crypticurrency [sic]  privacy movement. Is this what my followers want?”

His followers responded with overwhelming positive answers, with 70% voting yes.

Bitcoin Private is a co-fork of Bitcoin and ZClassic for optimal security and privacy. It utilizes the same privacy technology as ZClassic, known as zk-snarks. Zk-snarks is a zero-knowledge cryptography technology. It stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”.

The sender, recipient and other transactional data of every transaction remain unidentifiable even as the payments are published on a public blockchain.

The decentralized nature of the blockchain makes it highly difficult to mount a DDoS or similar attack, with the attacker needing 51% of the blockchain’s hash power to mount any kind of attack. As BTCP is a fork of Bitcoin, the coin supports P2P transactions without the need for a trusted intermediary.

BTCP also has a higher block size than Bitcoin, leading to faster and more efficient transactions. The block size of 2 MB allows it to condense more transactions into a single block.

The code is open source, and the coin is community-driven, developed by “team members all over the world”. Unlike many other altcoins, there were no pre-mined coins or founder’s rewards, with BTCP being airdropped in a 1:1 ratio for BTC and ZCL users.

John McAfee interacted with his followers on the post about BTCP, exhibiting his signature witty replies. When user The Range said:

“Legitimately the dumbest shit I’ve seen on twitter this week. I promise, that’s high praise.”

McAfee said:

“God bless you!! Do I get a prize???”

User pattinyc criticized the picture, saying:



“Nice rifles and background but its photoshopped”

To which McAfee attached a gallery, with the caption:

“Bull shit. When am I not holding guns or surrounded by guards”

Bitcoin Private is currently trading at around $21, at the 44th position.





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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