ZClassic Profile (ZCL)
Project Safety Score
Tue, Dec 5, 2023 12:00 AM
| Market Cap | $482,181.27 | |
| Market Dominance | unknown | |
| 24hr Volume | $74.57 | |
| Price | $0.0519 |
ZClassic
coin
1stgen blockchain
Zclassic is a fork of Zcash founded by Rhett Creighton but with the 20% founders’ reward and slow start removed. Miners are simply earning their fair reward, we believe they deserve it, and the coin development can be supported by the community. ZCL also differs from ZEC by removing the slow start (source), we are not trying to deliberately engineer scarcity: The Market decides the price. We are using the same parameters which were produced in the now famous secure "trusted setup meeting" (source) where Peter Todd participated, and he confirmed to us (source) they are safe to use. If just one of the participants kept their key secret and destroyed it, the whole system is secure. Zcash is a cryptocurrency run by the Zero Coin Inc. In order to fund their operations, a 20% mining “Founder’s Reward” is included. Every block, in order to maintain consensus, miners running the Zcash code send 20% of their newly mined rewards to an address controlled by the Zero Coin Inc. Because the Zcash source code is open source, Zclassic simply removes the 20% Founder’s Reward. This gives people the option to mine a blockchain using the same technology of Zcash, but without paying the 20% Founder’s Reward. 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.
Read more in the whitepaper:- team not submitted
- Marketplace
- Privacy Coins
- Cryptocurrency
- Zero Knowledge Proofs
- Equihash
- Proof Of Work (pow)
- Privacy
- Mineable
- exchanges not submitted
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ZClassic News
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Zcash (ZEC) Price Hits $60.53 on Exchanges
Fri, Jul 22, 2022 3:50 AM...
read more... -
Hush 1-Day Volume Tops $251.00 (HUSH) - The AM Reporter
Thu, Jul 21, 2022 3:50 AM...
read more... -
Bitcoin Private (BTCP) Reaches 1-Day Volume of $65.00
Thu, Jul 21, 2022 3:50 AM...
read more... -
Zcash Price Hits $60.36 (ZEC)
Mon, Jul 18, 2022 3:50 AM...
read more... -
BitcoinZ (BTCZ) Tops One Day Trading Volume of $51432.00
Mon, Jul 18, 2022 3:50 AM...
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