BZX. Whitepaper. Contents. Version 2.0. Introduction. Bitcoin Zero s Eco Framework. Zerocoin Protocol. Technical Details.

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2 BZX Whitepaper Version 2.0 Contents Introduction s Eco Framework Protocol Technical Details Commercialisation The Road Ahead

3 Introduction In 2009 a new era was born. An era of creation. An era of change. An era that would bring credence to the cyber underground, a digital voice to the champions of coding, and giving power back in the hands of the people. Many had tried in the past, and many had failed. However, their efforts would not be in vain. Satoshi had arrived and with that, Bitcoin was born. A true decentralized digital currency was created, and things would never be the same again. But change is never painless however, opposers fought it with all their might to compete with Bitcoins game changing technology in the beginning, but to no avail. The speed of growth that Bitcoin moved with was unheralded and it was too late for the bankers and world leaders; the genie was out of the bottle and there was no way anyone could force it back in. Once requiring five thousand coins to buy a single pizza, Bitcoin soared to almost $20,000 a coin in late 2017 with many analysts thinking the best is yet to come. International transactions processed in mere moments and fees negligible to DHL Bitcoin ticked all the boxes thanks to a wickedly ingenious technology that computer scientists had thought impossible for decades but with it has now brought an arms race between technology and innovation to produce a new model of currency for the market with an attempt to commercialise digital currency into our modern day world. The major shortcoming, as everyone knows, is that Bitcoin didn t offer true anonymity. While it is true that users never had to link their names to addresses, and were furthermore allowed to create as many of these as they liked to further obfuscate things, all transactions were still made public on the blockchain for everybody to explore. This meant that bitcoin offered pseudo anonymity transactions that seemed to be private while not truly being so. Naturally, various attempts were made to create a fully anonymous currency but with each attempt bought new issues that would come along with it. With these attempts from numerous coins and concepts, still bought loopholes that resulted in their attempts to be short living and in turn, obsolete. That is however until Hexxcoin came along to introduced the first solid core development of, one that has not been defected by numerous issues that others have had. For complete security and financial privacy, (BZX) utilizes the protocol, a zero-knowledge proof system that does not rely on a trusted setup as does the ZK Snarks protocol (ZCash, BTCP). uses cryptographic encryption for anonymous transactions rather than layers of obfuscation like mixing and Ring CT which are prone to analysis and are also more cumbersome for the blockchain. The user Mints a, thereby burning the original coin. When you Spend or redeem the you are left with a new coin that has no links to the original. Each transaction you make can stand alone. Furthermore, by minting and redeeming a new coins you can protect your assets as your coins cannot be linked to any previous transactions or in turn, activity on the blockchain. is also an optional privacy feature so if you require total transparency in spending then you can just send your normally.

4 s Eco Framework Exchange (or Hexxchange) User 1 Store (to eventually support ) User 2 User 5 User 3 User 4 = Anonymous Transactions User 1 - purchases off the exchange - sends to User 2 via third party spend - sends normal to User 3 User 2 - sends normal to the exchange User 3 - sends normal to user 4 - pays for goods at store with via third party spend User 4 - sends normal to User 5 - sends to exchange User 5 - cleans by minting to then spends back to him/herself again via third party spend

5 Protocol What sets apart from the rest of the privacy forks that have forked with bitcoins blockchain is that the user has the option to use their coins like a normal cryptocurrency or if they want complete anonymity, it is possible by what is known as minting which creates a new that takes the place of the which is burned in the process to achieve complete anonymity. What happens then is that these s can be transferred to another destination via a process called third party spend or even as simple as back to the user themselves anonymously which creates a new fresh that is free from any strings that may be attached to it which is all uniquely compiled in the core wallet itself and stays completely anonymous on the blockchain. This main feature alone brings anonymity to itself when needed instead of everything being so open to view via the public ledger like it is currently. The third party spend mentioned above is a process where the user chooses where to spend the current which transitions into newly minted prior to the coin(s) reaching the targeted destination which creates an extra layer of privacy for the user and receiver alike.

6 Technical Details The total supply of will be capped at 42,000,000 not taking into account the burned coins that will occur to any unclained coins by January The block time and size will also be enhanced to reduce the transaction time to a quarter of what Bitcoin is at currently which will result in faster transaction times to reduce time lag and the block size will be raised to for times the amount to further facilitate for future volume of transactions per the new given timeframe. will continue to be a hybrid Proof of Work (PoW) and Masternode (BZnode) coin, however the mining algorithm will allow for GPU mining instead of CPU mining. This will open up to GPU mining rigs and operations further promoting decentralization. Additionally, it has been determined that increasing the block reward to a total of 10 BZX/Block will allow the network to reach a max supply of 42 Million coins within the next four years. This means BZX will award 4 BZX for Node Holders, 4 BZX for GPU miners, and 2 BZX for the governance fund each block. The team believes by increasing incentives for node holders and miners, the overall project will attract the highest quality community possible. This encourages stakeholders to acquire and hold nodes, provides incentive for existing mining infrastructure around the world to mine, and expands the team s ability to secure top notch partnerships and exchanges.

7 Commercialisation On August the 31st 2018, the Bitcoin fork and subsequent snapshot will occur and with that, (BZX) will be awarded to all Bitcoin holders at a 1:1 ratio and Hexxcoin holders will receive a ratio of 10:1 (10 BZX to every 1 Hexx they hold). This ratio will create an even playing field for to start off with whilst reducing any hidden selling that may occur due to uninformed investors not realising the large potential that can bring to modern day society in the future. The team understands that cryptocurrencies, like any other form of currency, derive their real value from real world use. Consequently, the team will dedicate maximum effort to secure partnerships with vendors who will accept as a payment system. Furthermore, we will create a community outreach rewards program that will give investors a chance to introduce to their local vendors. Goals The goal of the team is to provide an everyday currency for people from all walks of life. From the business tycoon to the average Joe. No one should have to worry if their payment is truly secure and private. Through hard work, innovation and community involvement, we will develop this into a widely used anonymous currency. The Road Ahead Add several top volume exchanges BZ-Super nodes Decentralised Voting system Web wallet Partnerships for real life use On the , all unclaimed BZX will be burned which will result in an overall lower overall supply of. The official roadmap will be periodically updated on the website.