ZClassic 
Blockchain
ZClassic is a digital coin that uses zero-knowledge proofs to enhance privacy in transactions and it also allows selective transparency. It is a Zcash fork sharing a lot of Zcash features but it does not retain any founders reward like in the case of Zcash.
ZClassic ZCL Rank 775 | USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $0.169292 |
| Market Cap | $1,523,685 |
| Fully Diluted Market Cap | $3,555,135 |
| BTC Price | 0.00001317 |
| ETH Price | 0.00042512 |
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.
The founder of ZClassic is Rhett Creighton, one of the developers ZCash, who disagreed with his partner Zooko Wikcox in the questions of the team’s reward: according to Creighton, the commission of 20% valid in ZCash, violated the rights of miners for a reasonable reward.
For this reason, on November 6th, 2016, the mining of the new cryptocurrency ZClassic began. The mission of ZClassics is to remain similar to ZCash in the context of the technology, but to never accept any rewards for the founders or any other fees that are divided among a small group of persons chosen or assigned by anyone.
At that, Zooko Wikcox left a positive feedback about the new cryptocurrency. According to him, although the reward for the developers is a guarantee of the future blockchain development, ZClassic may become an alternative to the cryptocurrency ZCash, if the latter disappears for some reason.
The blockchain of Zclassic uses the algorithm of Equihash that allows carrying out anonymous transaction. For mining, the Proof of Work proving type is being used.
Rank 775
ZClassic ZCL
| USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $0.169292 |
| Market Cap | $1,523,685 |
| Fully Diluted Market Cap | $3,555,135 |
| BTC Price | 0.00001317 |
| ETH Price | 0.00042512 |
ZClassic is a digital coin that uses zero-knowledge proofs to enhance privacy in transactions and it also allows selective transparency. It is a Zcash fork sharing a lot of Zcash features but it does not retain any founders reward like in the case of Zcash.
ZClassic (ZCL) is a cryptocurrency, the latest ZClassic price is $0.169292, up 5.64% in the last 24 hours. ZClassic market cap is $1,523,685 with a 24h volume of $5,852. It has a circulating supply of 9,000,330 ZCL and a total supply of 21,000,000 ZCL. ZClassic reached it's all time high on 07 January 2018 when it was trading at $248.73.
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.
The founder of ZClassic is Rhett Creighton, one of the developers ZCash, who disagreed with his partner Zooko Wikcox in the questions of the team’s reward: according to Creighton, the commission of 20% valid in ZCash, violated the rights of miners for a reasonable reward.
For this reason, on November 6th, 2016, the mining of the new cryptocurrency ZClassic began. The mission of ZClassics is to remain similar to ZCash in the context of the technology, but to never accept any rewards for the founders or any other fees that are divided among a small group of persons chosen or assigned by anyone.
At that, Zooko Wikcox left a positive feedback about the new cryptocurrency. According to him, although the reward for the developers is a guarantee of the future blockchain development, ZClassic may become an alternative to the cryptocurrency ZCash, if the latter disappears for some reason.
The blockchain of Zclassic uses the algorithm of Equihash that allows carrying out anonymous transaction. For mining, the Proof of Work proving type is being used.