Posted on April 1, 2018
ZClassic is a fork of Zcash. The founder decided to take another path by removing the 20% fee. Miners are simply earning their fair reward and the coin development can be supported by the community. ZCL also differs from ZEC by removing the slow start; they are not trying to deliberately engineer scarcity: The Market decides the price.
The mission of Zclassic is to stay as similar to Zcash from a technology perspective, but to never take any pre-mine, founder’s-reward or any other kind of fee that goes to a small group of individuals with special permissions whether elected, appointed, or otherwise.
The two founders of ZClassic are forking with Bitcoin to create Bitcoin Private on February 28, 2018. The goal of Bitcoin Private is to be maintain the UTXO of Bitcoin but add the privacy features of ZClassic. Both team members will leave ZClassic to focus entirely on Bitcoin Private from that point.
– Being based on the same technology as ZCash, ZClassic uses a proven privacy protocol
– No fees so miners get all the rewards
– Decentralized governance
– The founders already left the team to go work on Bitcoin Private which will be a fork of Bitcoin and ZClassic.
– Most wallet programs don’t support z-addrs and no web-based wallets support them.
– No exchanges currently support ZClassic Private Addresses.
The ZClassic network has been up since November 2016.
There are no official dates, although the airdrop snapshot should occur on the but in the near future Bitcoin and ZClassic will fork to create Bitcoin Private.
ZClassic uses a Proof-of-Work protocol so miners get rewards for validating a transaction.
Since ZClassic is a fork of ZCash, it is very similar to it. The only difference is that they removed the 20% fee ZCash has and they removed the slow start (artificially limited supply at creation).
ZClassic is partnered with Bitcoin.
ZCL is traded on Bittrex and Cryptopia.
ZClassic is a blockchain layer.
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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.