Fork Details & Information

Zero Currency
Sep 1, 2018 · 3 min read

Finite Supply Figures 17,000,000 ZER

Difference from pre-fork:

Pre fork, the supply of Zero was infinite with no fixed supply, similar to a fiat currency.

Benefit of Implementation:

By introducing a finite supply to Zero, similar to bitcoin, investors will benefit in the long term once the coin reaches maximum supply due to scarcity. With the introduction of a 17 million maximum supply, this figure is the lowest maximum supply of the ZCash clones and forks. With Zero’s other features such as shielded transactions, ASIC resistance, fast transaction times (less than 2 minutes), near zero transaction fees, no premine and a finite supply. This is the next step to ensure that the project is competitive in the cryptocurrency space.


First Block Halving Block 800,000
First Block Halving Date June 03 2020
Subsequent Halving’s Every 800,000 blocks (approx. 3 years)

Difference from Pre Fork:

Pre fork, there were no plans for block halvings for Zero, with an infinite reward of 10/ZER block forever. By halving the block reward every 3 year period, Zero’s emission scheme is then reduced, increasing the time taken to reach Zero’s total supply cap.

Benefit of Implementation:

In each block halving period, Zero’s inflation / supply emission per day from mining is cut in half (ie the first halving (2020) will reduce the mining reward from 10.80 ZER/day to 5.40 ZER/day and then from 5.40 ZER/day to 2.70 ZER/day in the second halving period in 2023).

With a reduced mining reward, and the amount of ZER released from mining per day halved, Zero becomes scarcer per halving period. Essentially, the amount of coins available on the market from mining in each block halving period are then reduced and in theory, Zero becomes more valuable.

Of course, this is just one of the benefits to investors, with the main focus on the project being to introduce strategic value adding features as discussed on the roadmap.


Revised Block Reward 10.8 ZER

Difference from Pre Fork:

Pre fork, the block reward for mining was 10 ZER. This block reward did not account for any funding towards the project, and the project relied entirely on community donations to pay for any bounties, development and exchange listings.

Benefit of Implementation:

With the introduction of an additional .81 ZER per block (9.99 + .81 = 10.8 ZER/block), Zero will soon have the funding required to pay for development of new radical features, development of our Z-DEX decentralized exchange, funding for paid listings on larger exchanges, funding for marketing Zero and funding for maintaining and updating the blockchain.

Zero recognises that miners are critical in the support and ongoing execution of the network and as such, the project will maintain close to the current reward, but slightly reduced to 9.99 ZER/block for miners, with the additional 0.81 ZER making up the revised block reward in an increased emission per day to 10.8 ZER/block.

The reason for the reduction of the miners block reward from 10 to 9.99 is due to the mathematical division of a cleaner input of 7.5% (development fund) when dividing 9.99 into 10.8 from a coding perspective.

This will benefit investors, miners and also the project by allowing Zero to self-fund its delivery of value with ongoing development of features, as well as an enhanced opportunity to become a major player and contributor in the cryptocurrency realm.


Development Fund Details 0.81 ZER / Block (~7.5%)

Development Fund Breakdown (Per Block):

0.324 ZER/Block (40%) Exchange Listing Funding
0.243 ZER/Block (30%) Marketing Funding
0.162 ZER/Block (20%) Dedicated to Radical New Capabilities
0.081 ZER/Block (10%) Dedicated to Maintaining & Updating Blockchain.
Development Fund Total - 0.81 ZER / Block
Total ZER per day = 583.2


Yours Faithfully,

Team Ƶero

Zero Currency

Written by

“Your Transactions Are Your Business.” ZERO FEES, INSTANT & PRIVATE TRANSACTIONS, OPEN SOURCE AND AVAILABLE TO ALL. https://zero.directory

Zerocurrency

“Your Transactions Are Your Business”

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