Community Update 2 — Moving at Lightning Speed, building our product and brand

It’s been just one week since our last community update and we’ve accomplished a lot. We’re working towards a lot of outstanding initiatives and goals that we will cover in this update. We want to be as transparent as possible in what we have been able to achieve and what we have not yet been able to achieve. Thankfully we have one of the most committed teams in all of crypto and with every week that goes by we become more capable and efficient.

Core blockchain:

Two main enhancements and work items on our blockchain development are:

  1. Adding SegWit support at the full node wallet layer. Users of full node wallet will be able to see and move SegWit UTXOs. This is expected to be complete very soon.
  2. Adding “op_checksequenceverify”: this will be the first use of the BIP 9 network.

We also were able to quickly mitigate an issue that was brought to our attention earlier last week related to SegWit UTXO outputs. We would like to thank the extended developer community for bringing this issue to our attention, to our engineers who worked very hard on correcting the issue so quickly, and to the mining community for updating their nodes so quickly to implement the fix.

Over the next several weeks we will be actively looking to add a member to our cryptography team. More details to come.

Official Wallets & Payment solution :

We continue to work hard on our existing wallet support, e.g. full node wallet, and the two new hardware wallet support prospects in Ledger and Trezor. We have also made progress on the early stages of development for our enterprise payment solution version 1.

  1. Full Node update featuring enhanced UX for importing / sweeping, enhanced UX for connection details, more appropriate RPC timeouts, and much more: https://github.com/BTCPrivate/bitcoin-private-full-node-wallet/releases,
  2. Trezor: We have completed the code integration and have submitted a pull request for the Trezor team to review.
  3. Ledger: We are starting integration support for users to be able to send and receive BTCP. Once complete, we will submit a pull request to the Ledger team.
  4. We have almost finished putting together a product roadmap of what our version 1 “light” payment solution will be for our early vendor partners looking to accept BTCP as payment.

We will also be working on a graphical user interface (GUI) for users of both Ledger and Trezor to be able to more easily claim their Bitcoin Private from any Bitcoin stored on their hardware wallets.

Marketing, Support, & Public Relations:

A lot of interesting stuff has happened since the last community update on all three segments of our marketing initiative.

The Bitcoin Private ambassador program is scheduled to re-launch under it’s new infrastructure later this week. This new format will allow for a more efficient and scalable approach to growing our ambassador base and the extended localized communities throughout the world for ambassadors to build. We will be rolling this out to our 700+ ambassadors and expect there to be many regional leads to emerge from this base to go on and create their own Bitcoin Private ambassador chapter in their own region.

Our support leads have maintained our official web support portal and have also ensured to provide more support on the Telegram, Discord, and Reddit channels. Thanks to the idea of one of our amazing support leads, we have implemented a “General Daily Discussion” thread on the Bitcoin Private subreddit. The goal of this is to give our Reddit subscribers a way to gather their thoughts and feedback for the day in one condensed area. It has proven to be very effective and efficient.

On the public relations front, our open-source head of marketing & strategy was a guest on the Adam Meister, also known as “BitcoinMeister”, Bitcoin Show. A lot of challenging questions and topics were brought up surrounding Bitcoin Private and the opportunity at hand for it long-term. Please tune into it here and feel free to focus on the 16:00–36:00 mark when Bitcoin Private is the center of the conversation. Capturing media opportunities such as this will continue to be critical in communicating to the general crypto and mainstream community the intentions of the Bitcoin Private initiative, what it stands for, and what the team is actually working on and executing on.

If you have any media contacts, feel free to put them in touch with us at press@btcprivate.org.

Exchanges & coin profiles update:

We continue to be fully cognizant of how important it is both short-term and long-term for Bitcoin Private to be as accessible as possible. One of the best ways to make it as accessible as possible is to get it listed on exchanges. Understanding that it is still early on in the project, our team is communicating with exchanges on an ongoing basis with the end goal of getting BTCP listed.

  • Kucoin has given us permission to publicly confirm that we submitted an application in early February and that we are communicating with them.
  • HitBTC is continuing to work on BTCP integration and will be listing this month.
  • Nanex integrated BTCP and listed us in a 24 hour period of time.
  • BarterDEX, our very first decentralized exchange, has listed BTCP
  • Exrates.me has listed us as of early this evening
  • We can confirm we applied to Binance in early February.
  • According to Bittrex’s public tweet, they will not be listing Bitcoin Private at this time.
  • We continue to communicate with other exchanges and continue to be prepared to do whatever necessary to get BTCP listed.

We have provided CoinMarketCap, LiveCoinWatch, and WorldCoinIndex with our block explorer API and all necessary information related to our coin information, e.g. circulating supply information. WorldCoinIndex has populated all of our information. We have offered to answer any other questions CoinMarketCap and LiveCoinView may have and are awaiting their responses.

Vendor & payment gateway partnerships:

In anticipation of the completion of our “version 1” enterprise payment solution we have already begun talking to prospective vendor partners and have partnered with two already. We are currently assembling a team to lead the initiative with partnering with interested vendors and payment gateways who may be interested in accepting BTCP as payment.

If you are a potential vendor partner or know one that would be interested in accepting a highly secure and private cryptocurrency such as BTCP, please let us know at partners@btcprivate.org

Closing thoughts:

As we continue to work towards making BTCP more accessible to the masses, we believe that continuing to make immense progress on our product strategy, our vendor partnerships strategy, and on our public profile will only help us in gaining momentum with external members of the crypto-community, such as exchanges.

It has been less than two weeks since the mainnet launch and our team continues to execute at lightning speed.

As always, we remind our community to only trust resources and information shared from our official website, our official Github, our official Twitter account, and this Medium account.

If you would like to join our engineering team, you can apply here. If you would like to contribute on any of our marketing efforts, the best way to start is to join our ambassador program here.

We are excited to continue this community driven, open source journey to bring private transactions, both P2P and commercial, to a mainstream audience. Please leave any feedback you may have in the comments below or feel free to tweet at us!

Bitcoin Private Contribution Team

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Bitcoin & ZClassic fork-merge with a focus on making private cryptocurrency transactions mainstream. https://btcprivate.org/ https://GitHub.com/BTCPrivate

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Bitcoin Private

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Bitcoin & ZClassic fork-merge with a focus on making private cryptocurrency transactions mainstream. https://btcprivate.org/ https://GitHub.com/BTCPrivate

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