BitcoinZ was reportedly launched on 9 Sep 2017 with no premine, developer fees, ICO, and was not a chain fork of any coin. BitcoinZ has also committed itself to always being GPU mineable and ASIC-resistant. BitcoinZ uses zkSNARKs for privacy (similar to ZCash).

BitcoinZ prides itself on 100% community inclusion - the community posts open and public proposals for change that are voted on. Progress is achieved by volunteerism, with some proposals seeking a budget from community donations - mostly from member mining activities and pools supporting the project by setting their pools to auto-donate.