BitcoinZ
Crypto Overview
Purpose and Utility
BitcoinZ (BTCZ) was created in 2017 as a community-driven cryptocurrency that aims to follow Satoshi Nakamoto's original vision while addressing some of Bitcoin's limitations. It maintains a commitment to ASIC-resistance, decentralization, and privacy features.
Key Features and Implementation
BitcoinZ operates on its own blockchain using a modified Proof-of-Work consensus mechanism with the Zhash algorithm, designed to maintain ASIC resistance. The project emphasizes decentralization through community governance and fair launch principles, with no pre-mine, ICO, or founder rewards.
Real-World Adoption and Usage
The cryptocurrency primarily functions as a medium of exchange and store of value. While adoption remains limited, the project maintains active development and community engagement through various platforms and social media channels.
Token Distribution and Governance
BitcoinZ implemented a fair launch model with no pre-mine or ICO. The maximum supply is capped at 21 billion BTCZ, with coins being released through mining. The distribution model appears equitable, with no concentrated holdings by founders or early investors.
Development Activity
The project maintains regular development updates through its GitHub repository, showing ongoing technical improvements and maintenance. The community-driven nature of the project is evident in its development process and decision-making.
Crypto Impact
To assign a comfort level investing in BitcoinZ from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to BitcoinZ.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.