ZClassic Coin (ZCL)
ZClassic ZCL is listed on DOBI Exchange , featuring ZCL/BTC markets.
ZClassic is a digital coin that uses zero-knowledge proofs to enhance privacy in transactions. It also allows selective transparency. It is a Zcash fork thus sharing a lot of Zcash features. It utilizes the Equihash algorithm and PoS (Proof of Stake) mining but does not retain any founders’ reward like in the case of Zcash. Zcash used to retain 20% as the founders’ reward which was unfair to the rest of the coin’s community. ZCL has eliminated the slow start of 20,000 blocks feature to allow the market to determine its demand and supply and thus its price.
“This is a great initiative as it is the first major fork of Zcash. Ethereum Classic shows that forks do have a future. Especially when the “real project” is hijacked by hypers and greedy devs.”
ZCL is supported by Coinomi, Electrum, Full-node, Paper and Carbon Wallets. The coin has a total supply of 21 million coins, with a block size of 2.5 minutes and a block reward of 12.5 coins. The coin is maintained by its community.
Zclassic Mission 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 total amount of tokens: 21 Million
The amount of circulation: 6.97 Million
Official website : http://zclassic.org/
Whitepaper: http://zclassic.org/pdfs/whitepaper.pdfBlock explorer：https://explorer.zcl.zeltrez.io/
Github：https://github.com/ZClassicCommunity/zclassic
Twitter：https://twitter.com/ZclassicCoin
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