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Bitcoin Confidential (BC)BC
$0.00002342
4.20%
Bitcoin Confidential (BC)
BC Price
$0.00002342
4.20%
Rank
#1,203
Market Cap (24H)
$224,859
4.20%
Volume (24H)
$0
-100.00%
Circulating Supply
9,600,000,000
Transp. Vol.
Grade
1H1D1W1M1Y
+4.20%
Bitcoin Confidential logo
BC
United States Dollar logo
USD
Categories
Websitehttps://bitcoinconfidential.cc/
CommunityTwitterRedditTelegramDiscordGithubFacebook
Bitcoin Confidential (BC) is a cryptocurrency that was created with a focus on private transactions. Apart from its lac...Read more
Prediction

Bitcoin Confidential Price (BC)

BC Daily Performance

Today's Bitcoin Confidential price is $0.00002342, which is up 4% over the last 24 hours. Bitcoin Confidential's market cap is $224,859. 24 hour BC volume is unknown. It has a market cap rank of 1203 with a circulating supply of 9,600,000,000 and max supply of 9,600,000,000. Bitcoin Confidential is traded on exchanges. Bitcoin Confidential had an all-time high of $0.006098 about 2 years ago. Over the last day, Bitcoin Confidential has had 0% transparent volume and has been trading on 17 active markets with its highest volume trading pairs being .

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Bitcoin Confidential Statistics

Bitcoin Confidential Price (24hr)$0.00002342 (+4.20%)
Market Cap$224,859 (+4.20%)
Trading Volume (24hr)$0 (-100.00%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply9,600,000,000 (100.00%)
All-Time High
$0.006098-99.62%
7D Price Prediction
$0.00002775

Price

$0.00002342
Price Change
$0.0000009438 (4.20%)

All-Time High

$0.006098
Date of ATH
Days Since ATH
% of ATH0.38%
Price vs ATH

Market Cap

$224,859
Mkt Cap Change
$9,061$9,060.74 (4.20%)
Mkt Cap Rank1203
Mkt Dominance
Mkt Dominance

Circulating Supply

9,600,000,000
Max Supply9,600,000,000
% in Circulation100.00%
% in Circulation

About Bitcoin Confidential

Bitcoin Confidential (BC) is a cryptocurrency that was created with a focus on private transactions. Apart from its lack of traceability, it can be characterized as a self-funding and trustless asset.

The founders state that BC is the first PoS (proof-of-stake) cryptocurrency employing the technology of Ring Signatures for transactions. The funds of holders are not visible over the web, since cold staking is used for users’ wallets. With that said, Bitcoin Confidential offers an option in the form of a message field employed by clients who can either confirm the sender of a transaction or order ID.

With the advent of BC, a new class of cryptocurrencies came up that enables the fungibility of coins and the privacy of all users of the system. In contrast to other cryptocurrencies with privacy features such as Komodo, Zcoin, and Zcash, Bitcoin Confidential guarantees full privacy from the first block. The platform uses open source code with the MIT License to support its innovation.

Bitcoin Confidential technology

The platform employs the latest Bitcoin codebase with the goal of maximum compatibility, adding new features for wider adoption of the asset. Using RingCT technology to conceal the details of transactions, such as receiver, amount, and sender, the facility gives the first priority to privacy. Despite the confidentiality of this information, operations remain verifiable on the blockchain while third parties are not able to observe transactions of stealth addresses. The block time doesn’t exceed a minute, but it delivers a lower block processing time in comparison with cryptocurrencies released previously.

With the introduction of the PoS algorithm in 2019, the platform made a revolutionary step that removed the necessity of costly mining equipment, thus economizing energy. The participants are rewarded when they resort to the enhanced staking mechanism, i.e. secure cold staking. Also, the rewards are paid by the system for validation work.

The staking period of the BC platform is 225 blocks with staking connections supported via Tor, IPv4, and IPv6. Apart from cold staking, users can also employ hot staking technology while the work over new features always continues.

Bitcoin Confidential history

The company started working on the project in 2018, and on December 15th, it created the snapshot of the SmartCash Blockchain for Bitcoin Confidential that determined the final specifications. Bitcoin Confidential is a sister project of Smartcash, which doesn’t have a working product but comprises products of different projects sharing the same philosophy, goals, and technical specifications. It employs the SmartCash blockchain that focuses on community governance based on a decentralized economy. When the Bitcoin Confidential platform was released, a minimum address balance was required to get the airdrop from the company. Users had to have at least 1 SMART to be eligible for free coins.

In January 2019, the team standing behind the platform finalized the core privacy protocol, completed the testing, and offered it to the public. In April 2019, the platform released its mainnet after it fixed all bugs which were discovered during the tests.

In May 2019, as BC got mentioned by a number of cryptocurrency analytical websites, it signified the beginning of the platform’s expansion. With a rigorous development schedule, the company continues working over QuickBC wallets, mobile wallets, bulletproofs, and atomic swaps enabling swaps between other cryptocurrencies inside wallets. The team always informs the community about the progress as they keep up improving the functionality of the platform.

Bitcoin Confidential platform

The holders of SmartCash must prove ownership of private keys to be able to claim an airdrop of BC that is given out to users only once. The founders follow the principles of fair launch that are implemented due to lack of pre-mining, thus contributing to the accessibility of the asset for all applicants. The generation of new blocks and validation of transactions is available for everyone. The stakers don’t have to use hot staking to earn rewards since the technology enables cryptocurrency holders to stake coins in remote nodes.

Those who prefer hot staking, though, should have a local wallet running on their computers to get rewards. For cold staking, users should close their local wallets since they set the remote stake address on a virtual private server. The detailed guide provided on the official website helps users to configure cold and hot types of staking.

As far as ROI (return on interest) is concerned, there is no difference between these types of wallets. However, the developers recommend using a cold type of staking to improve funds’ security. Thanks to cold staking, the assets are not exposed online round-the-clock as they are fully protected from hacking attacks and vulnerabilities.

Bitcoin Confidential security

With Bitcoin Confidential, there is no need to install a trusted setup to use the network, consequently, the backdoor threat is excluded. The staking algorithm allows users to preserve security and anonymity. Since private transactions are obligatory, there is full fungibility for all members of the ecosystem.

BC cryptocurrency BC can be stored on the SmartCash Web Wallet, Coinomi, Node Wallet, Electrum Wallet, Pungo, Atomic Wallet, and many others. The full list of supported wallets can be found on the official website of the project. The desktop wallets are also available for Windows, Mac, and Linux.

The website also offers educational materials with various guides for new users. The listed articles help them to claim airdrop, import private keys, run a VPS BC Tor hidden service, and perform many other activities.

The platform is equipped with a staking reward calculator that helps customers make more conscious investing decisions. As the staking rewards started with 5% for the first 11,000 blocks, they gradually decreased as the project grew later on. Bitcoin Confidential didn’t run an ICO and is entirely self-funded.

Bitcoin Confidential team

The team of the company is rather active on social media channels, offering different competitions and tournaments to the members of the community. However, its members remain anonymous and don't reveal their identities.

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Bitcoin Confidential Markets

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Bitcoin Confidential Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Bitcoin Confidential price? How much is 1 Bitcoin Confidential worth?

    The price of 1 Bitcoin Confidential is $0.00002342. Over the last 24 hours, a Bitcoin Confidential is worth 4.20% more. Visit our currency converter page to convert BC prices to currencies other than USD.
  • When did Bitcoin Confidential start?

    The earliest trading data for Bitcoin Confidential is on May of 2019 (based on current exchange data).
  • How high can the Bitcoin Confidential price go?

    Bitcoin Confidential’s price has gone as high as $0.006098 (which is BC’s all-time high). It achieved this price about 2 years ago. Speculations abound for how high Bitcoin Confidential’s price will get in the future.

Today's BC / Bitcoin Confidential News for November 29, 2022

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