BitcoinZ was reportedly launched on September 9, 2017, without any premine, developer fees, ICO, and without being a chain fork of any coin. BitcoinZ is dedicated to remaining GPU mineable and resistant to ASICs. It utilizes zkSNARKs for privacy, similar to ZCash.

BitcoinZ prides itself on ensuring 100% community inclusion. The community openly shares and votes on proposals for change. Progress is made through volunteerism, with some proposals seeking funding from community donations, primarily generated from member mining activities and supportive pools that automatically donate a portion of their earnings to the project.