Becaz: A Privacy Payment Network Connecting Blockchain and IoT

The Becaz whitepaper was recently released by the core team of the Becaz project, aiming to address the current pain point of balancing scalability and decentralization in blockchain technology with an innovative solution.

The theme of the Becaz whitepaper can be summarized as “Becaz: Building an Efficient and Secure Next-Generation Decentralized Application Platform.” Becaz’s uniqueness lies in its proposed technical approach of combining “layered consensus mechanisms with zero-knowledge proofs” to achieve high throughput and privacy protection; the significance of Becaz is to provide developers with a more efficient and secure decentralized application development environment, significantly lowering the barriers to developing and running high-performance DApps.

Becaz’s original intention is to create a blockchain infrastructure that truly supports large-scale commercial applications while balancing performance and decentralization. The core viewpoint presented in the Becaz whitepaper is: by combining innovative layered consensus mechanisms with advanced zero-knowledge proof technology, the best balance can be achieved between decentralization, scalability, and security, thus realizing a high-performance and privacy-friendly Web3 ecosystem.

Interested researchers can access the original Becaz whitepaper. Becaz whitepaper link: https://becaz.org/whitepaper.pdf

Becaz whitepaper summary

Author: Clara Prescott

Last updated: 2025-12-07 17:43

The following is a summary of the Becaz whitepaper, expressed in simple terms to help you quickly understand the Becaz whitepaper and gain a clearer understanding of Becaz.

Becaz (BCZ) Project Introduction

Friends, today let’s talk about a blockchain project called Becaz, more commonly known as Bitcoin CZ (BCZ). Imagine if you wanted to send a letter to a friend far away, but you wanted both the content and the delivery process to be absolutely confidential, and you also wanted the post office to be run collectively by everyone. What Becaz aims to do is provide this kind of “encrypted post office” service.

What is Becaz?

Becaz (BCZ) claims to be a privacy cryptocurrency, with its main goal being to provide a completely secure, privacy-focused solution for global payments. It’s like an “invisible payment channel” in the digital world, allowing you to better protect your information when making transactions.

This project has a unique feature: at its inception, it did not conduct a traditional Initial Coin Offering (ICO) (a method for blockchain projects to raise funds by selling tokens to the public) or a pre-mine (where the project team generates and holds a certain amount of tokens before the blockchain network officially launches). This means it aims to ensure tokens are distributed more fairly to every interested user.

Project Vision and Core Features

Becaz’s vision is to develop and evolve through the power of its community. It not only wants to solve the problem of secure global payments, but also hopes to combine blockchain technology with the Internet of Things (IoT) (referring to a network that connects various physical devices via the internet to enable data exchange and remote control), by developing some applications or gadgets. For example, it mentions possible browser-based e-commerce solutions, a mixer (a tool that can obfuscate transaction sources and destinations to enhance privacy), and a web-based ecosystem.

Technically, Becaz adopts a unique staking method called cold staking. In simple terms, staking means locking up your cryptocurrency to support the operation of the blockchain network and earn rewards. “Cold staking” means you can stake from a wallet that is not connected to the internet, greatly improving security—like keeping your money in a very secure safe, but it still works for you. Through this method, Becaz helps the network achieve Proof of Stake (PoS) consensus (a blockchain consensus mechanism where holding and locking up cryptocurrency is used to validate transactions and create new blocks).

It rewards users who participate in staking, as they help validate all transactions on the network and permanently record these transactions on the blockchain.

Tokenomics (Limited Information)

The token symbol for Becaz is BCZ. According to available information, the maximum supply of BCZ is set at 100 million. Currently, the circulating supply in the market is around 4 to 5 million, but it’s important to note that platforms like CoinMarketCap state they have not verified this circulating data, and the project itself reports a circulating supply of about 5.2 million. Details on token allocation, unlocking schedules, and specific inflation or burn mechanisms are not clearly disclosed in public information.

Team, Governance, and Roadmap (Limited Information)

Regarding the team, although the project name “Bitcoin CZ” may remind people of Binance founder Changpeng Zhao (CZ), and some sources mention it is “inspired by CZ,” there is currently no clear evidence that Changpeng Zhao himself or his team are directly involved in the development or operation of the Becaz project. Information about the core team members, governance structure (such as how project development directions are voted on), and fund reserves is also very limited in public sources.

As for the project’s roadmap (referring to the project’s future development plans and key milestones), we only know that the BCZ token was launched in 2019, and the new Bitcoin-CZ platform concept was formed in 2022. More detailed historical events and future plans have not been publicly disclosed.

Common Risk Reminders

Every blockchain project comes with risks, and Becaz is no exception. Due to the relatively limited public information, the following risks may arise:

Lack of transparency risk: The absence of a detailed whitepaper, team information, and roadmap makes it difficult for investors to fully assess the project’s potential and risks.
Technical risk: Although cold staking is mentioned, specific technical implementation details and security audit reports are unclear, which may mean unknown technical vulnerabilities exist.
Economic risk: The token economic model is not transparent, which may affect the long-term value and stability of the token.
Market risk: The cryptocurrency market is highly volatile, project liquidity may be insufficient, and prices are easily affected by market sentiment.

Verification Checklist (Limited Information)

Due to the lack of an official website and detailed documentation, it is currently difficult to provide information such as block explorer contract addresses and GitHub activity. It is recommended that you always look for these key pieces of information when researching any project to assess its transparency and development activity.

Project Summary

In summary, Becaz (Bitcoin CZ) is a cryptocurrency project aimed at providing secure and private payments, with its core feature being a “cold staking” proof-of-stake mechanism and a vision to connect blockchain with the Internet of Things through community power. However, public information about the project is currently very limited, especially regarding the whitepaper, team composition, governance model, and detailed roadmap. For anyone interested in Becaz, it is strongly recommended to remain cautious and conduct thorough independent research. In the cryptocurrency field, information transparency is one of the most important indicators for evaluating project reliability.

Please note: The above content is an objective introduction to the Becaz project and does not constitute any investment advice. Cryptocurrency investment is extremely risky. Please make investment decisions independently only after fully understanding the risks and consulting professionals.

Disclaimer: The above interpretations are the author's personal opinions. Please verify the accuracy of all information independently. These interpretations do not represent the platform's views and are not intended as investment advice. For more details about the project, please refer to its whitepaper.