The Bitcoin Confidential team is finalizing the core privacy protocol and expects to make it available to the public in Q1 2019, after testing is completed.
First announced more than six months ago, Bitcoin Confidential addresses the need for a fully fungible cryptocurrency requiring all transactions to be shielded and private. Unlike Dash or ZCash, Bitcoin Confidential will be fully fungible and provides complete transaction anonymity while ensuring a truly fungible blockchain where all coins will be worth the same.
Bitcoin Confidential is based on the latest Bitcoin codebase for maximum compatibility, uses a Proof of Stake consensus algorithm, and utilizes Monero’s RingCT approach for fully anonymized transactions. For a full list of features and answers to frequently asked questions regarding the project, please visit the Bitcoin Confidential website.
Teaser screenshots from the initial builds are below:
Summary of the Bitcoin Confidential Airdrop for SmartCash (SMART)
The SmartCash blockchain snapshot for Bitcoin Confidential was scheduled for December 15th, 2018 at 07:00 UTC. A minimum address balance of 1 SMART on a wallet where you control your private key was required to be eligible for the airdrop. The airdrop ratio is 1 SMART = 10 Bitcoin Confidential, and will be claimable in Q1 2019 when the wallet is released.
The total supply is estimated to be 8 Billion, and the snapshot and wallet release will determine final specifications. All SmartCash treasury addresses are excluded from this airdrop; there are currently 750 Million eligible SmartCash which will provide an airdrop of 7.5 Billion Bitcoin Confidential. This will be the only airdrop to determine the initial supply and genesis block unspent transaction set.
Supported wallets include the SmartCash Web Wallet, iOS, Android, Node Wallet, Electrum Wallet, Paper Wallet, Atomic Wallet, Pungo, and Coinomi, which are available on the SmartCash Wallets page. Be sure to move your coins to a wallet, as tipbots and exchanges do not allow you to export your private keys.
24/7 support is available at the Bitcoin Confidential Discord Server.
Where to get SmartCash
A list of SmartCash exchanges is available here.
Claiming Your Bitcoin Confidential
A step-by-step user guide will be published Q1 2019, when the wallet is released.
Security Reminder: This process will require you to handle your private keys. NEVER share your private key or mnemonic phrase with anyone else, and keep it safe and secure. We will never ask you for your private key, so do not share it under any circumstances. You will only need to use this to sign a transaction directly on the new Bitcoin Confidential wallet. Consider moving your original SmartCash coins to new addresses after the snapshot is completed, in order to follow best practices for security when handling any private keys.
Bitcoin Confidential Links
SmartCash is a easy to use, fast and secure cryptocurrency that supports everyday use such as business payments and daily transactions. SmartCash is meant to be a currency and our vision is to replace centralized fiat currencies. SmartCash is a coin with its own blockchain that uses the Bitcoin base code. Learn more at www.SmartCash.cc.