BTZ Project officially launches to disrupt the status in the online payment industry

Provider of innovative financial and payment solutions, BTZ Project, announces their official launch at a global press conference

July 26, 2020 —

The BTZ Project has been made official as the founder and CEO of the initiative, Mr. Juan Jones, announced at a press conference held on July 2020. At the global press conference, Mr. Juan analyzed the decentralization of 8 million active contributors and 50 million active users from the multidimensional perspectives of the anonymous payment industry, Blockchain technology, and national economic policies.

The conference fully covered the team’s original design intention, development goals, latest products, and overall development plan for a decentralized anonymous payment. According to reports, the BTZ project, which is strategically oriented to accelerate the upgrading of the national Internet industry and focuses on innovation in industrial digitalization, aims to solve the challenges of cross-border payment in the world today and improve on the drawbacks of Monero, Dash, and Zcash. From the bugs that can be exploited in Monero’s code base to Dash’s weak privacy features and Zcash’s high operation threshold, the available anonymous payment projects are plagued with several shortcomings.

BTZ mainly achieves anonymity and privacy protection through techniques, such as elliptic curve cryptography, zero-sum verification, zero-knowledge proof, and dandelion protocol. It also has a unique hybrid mechanism to drive the project’s overall architecture and economic model. By virtue of the Pow+Pos split-level mechanism, the anonymous technology penetrates from the bottom of the BTZ chain, the network service layer, to the application layer. Business is eventually jointly mobilized with the token economy and transaction structure, ultimately bringing to life the enthusiasm of end-users and customer-end users to form a network effect of global user participation.

The BTZ project was initially conceived in 2018 when internet-based financial solutions were at a high. However, the mismatch between the traditional payment methods and rates and the failure to meet the explosive growth of demand led to financial risks with asymmetric information. The risk occurs in traditional business models and mixed business models even as traditional financial institutions continued to operate with high fees and long time periods. Human operations also led to an increase in the risk of the leakage of relevant transaction data. These pain points inspired Juan Jones to form a team in 2018 and completed the overall architecture design of BTZ in two years.

The project caught the attention of several investors, receiving investment from multiple capitals and technical support from related institutions. “The BTZ project led by Juan Jones and Zcash have similarities and similarities. In the future, they will also cooperate with BTZ and make progress together. Strive to resolve the pain points of the industry as soon as possible and promote the progress of the industry,” said the Zcash Foundation, one of the contributors to the BTZ project.

The founder of the BTZ project, Mr. Juan Jones is also a blockchain architect and engineer. “The existence of anonymous currency has its inevitability. Anonymity is also a feature that all cryptocurrencies should have.” Juan Jones once said at the Blockchain Summit in Southeast Asia. “Lightning Network solves the problem of transaction scalability and indirectly enhances BTZ. In terms of privacy, this is the advantage of BTZ.”

While solving the problem of transaction scalability, BTZ used blind signatures and zero-knowledge proof technology to secure private information such as the identity, transaction amount, and account balance of both parties to the transaction. According to Juan Jones, the value of currency has three main points, namely the transaction medium, the accounting unit, and the stored value tool. Privacy protection runs through these three points and plays a decisive role in the blockchain.

BTZ looks set to revolutionize online payment as an anonymous payment project with privacy protection as its main focus. It emphasizes absolute privacy and complete anonymity, becoming one of the projects that best fits the “hidden” feature today.

Contact Info:
Name: Matthew I. Brown
Email: Send Email
Organization: Btz blockchain project
Website: https://www.bitzon.io/

Release ID: 88970077