Bitzec is a digital currency, or cryptocurrency, like Bitcoin. (In fact, Bitzec was built on the original Bitcoin code base.)

It was conceived by scientists at MIT, Johns Hopkins and other respected academic and scientific institutions.

You can use Bitzec to buy goods and services, or you can exchange it for another kind of money, including US dollars, Euros or another fiat currency.

A major difference between most cryptocurrencies and traditional money is that every transaction is tracked and managed on a decentralized, public blockchain, instead of by a centralized institution, like a bank. This means you truly own your money. Most cryptocurrencies expose your full transaction history and holdings to everyone.

Bitzec goes above and beyond other cryptocurrencies.

With Bitzec , you control what information you share. Shielded addresses and their associated balances are not visible on the blockchain. Payment disclosure and special "viewing keys" can be used to share transaction details with trusted third parties for compliance or audits.

Bitcoin vs Bitzec vs Credit card vs Cash

Bitcoin

Efficient

Attack- and censorship-resistant

Auditable

Not private

Bitzec

Efficient

Attack- and censorship-resistant

Auditable with user permission

Private

Credit card

Efficient

Open to attack or censorship

Auditable with user permission

Limited privacy

Cash

Inefficient

Not secure

Not auditable

Private

Key Features

Efficient and usable

Use Bitzec as a fast and reliable, inexpensive means to send money or digitally purchase goods and services. It is supported by top exchanges and wallets.

Audit- and regulation-friendly

Private addresses and transactions can be disclosed by Bitzecusers for information sharing, third-party audits or to comply with regulatory requirements.

Decentralized and attack-resistant

Bitzecis decentralized and maintained by a wide network of people and machines, instead of a centralized entity, like a bank or government. There is no central database to be hacked and no single point of failure. There is no authority that can shut it down or prevent its use.

Private addresses & transactions

Privacy is built into the core of Bitzec, allowing people to send and receive Bitzec without disclosing the sender, receiver or the amount transacted. Privacy allows good people to transact safely over digital mediums. Transparent addresses and transactions are also available.

Why privacy is important

Privacy is necessary for ensuring freedom on the internet. When your transactions are being watched — or when your transaction history is available to be known — a person isn't free to make their own decisions. With other digital currencies, bad actors are able to match people to their balances and details about parties involved, amounts and trends.

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