Bitcoin Confidential is a fully fungible cryptocurrency. As transactions are confidential, it’s impossible to link coins to historical transactions that can potentially lower their value. As a result of this, all Bitcoin Confidential coins are always worth the same.
Mainnet launched on April 26th 2019.
Brief specifications and technologies
Bitcoin Confidential is a privacy coin that only sends 100% private transactions.
Blocktime: 1 minute
Blocksize: 1 MB
Max Supply: 9.6 Billion
Sending Technology: RingCT
Staking Technology: Hot Staking and Cold Staking
Staking Confirmations: before spendable 100 blocks
Staking Period: 225 blocks
Staking connection supported: IPv4, IPv6, Tor
The first week rewards will be 1/20th to allow for a fair launch.
Bitcoin Confidential includes a funding mechanism by using 30% of the staking rewards to support long term development.
Coin Emission Schedule:
Port: Mainnet 9789
Rpcport: Mainnet 9790
RingCT (Ring Confidential Transactions) technology hides the sender and recipient data, as well as amounts, for all transactions in blockchain. This technology allows full confidentiality for each member of the network.
POS-algorithm allows any member of the network to participate in the process of generating new blocks and validating transactions to receive rewards. For hot staking, the user needs to keep their wallet online, while cold staking allows funds to be offline while a remote node stakes for you.
Bitcoin Confidential is the only Bitcoin code based 100% anonymous spending cryptocurrency. This makes it easier to adopt in exchanges and 3rd parties than cryptonote based coins.
Bitcoin Confidential creates a new class of privacy coins, allowing all coins to be fungible and any member of the network to keep their privacy. Unlike other privacy coins with limited privacy features, Bitcoin Confidential has 100% anonymous transactions. Bitcoin Confidential has privacy enabled all the way from the first block. Compared with coins like Dash, Zcash, Komodo, Pivx, and Zcoin, all of which have privacy as an optional feature, it isn’t trivial to reject transactions that are private.
Comparison of the most popular privacy coins and Bitcoin Confidential:
You can learn more about Bitcoin Confidential on the following resources:
Official website – https://bitcoinconfidential.cc/
GitHub – https://github.com/Bitcoin-Confidential
Discord – https://discord.io/bitcoinconfidential