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What is Zclassic all about
Launched after 4 days of the launch of Zcash, Zclassic is a hard fork of Zcash founded by Rhett Creighton in November 2016. Rhett removed 22 lines from the original code of Zcash’s code and released this new blockchain project. The reason of removing these 22 lines were to remove the two features of Zcash, the 20% founder’s reward and the ‘slow start’.
Removal of 20% founder’s rewards means miners do not need to pay 20% tax on their rewards for mining Zclassic coins, which they have to pay in Zcash.
The project expanded with community-driven initiatives. However, it also led to shortcomings and slowdowns in developments because of no fixed compensation for the developers and disagreements among them over various matters.
Like Zcash, Zclassic also works on Proof of Work consensus with zk-SNARKs. zk-SNARKs allow users to transact without revealing their identities and hence, this makes Zclassic a privacy coin. This means there will be a record of the transaction but not of the sender and receiver involved.
ZCL is the native cryptocurrency of Zclassic ecosystem. Like Bitcoin, it’s supply has also been fixed to 21 million. Other than the exchanges where you can buy and sell ZCL, only a few cryptocurrency wallets support the storage of ZCL. Electrum is a full node wallet which was released in 2018 and can be used on any desktop systems. Among mobile wallets, Coinomi is recommended which is only compatible with Android devices.
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ZCL Questions & Answers
Is Zclassic expected to increase in value 1 month from now?
Based on our price prediction algorithm we expect, the value of Zclassic is likely going to be between €0.03890893 and €0.40 in 30 days.
What is the current price of Zclassic?
Today's price of Zclassic is 0.09715800 Euro.
What was the highest ever price of Zclassic?
The price of Zclassic peaked on 2018-01-07, when it was at 191.85 Euro.
Is Zclassic going to be worth more in 3 months time?
Using our prediction algorithm we suspect that the value of Zclassic is likely going to be between €0 and €0.40 in three months time.
What price will Zclassic reach in six months?
Predicting the future with any degree of accuracy is difficult, but using our short term prediction we expect the price of Zclassic will be between €0 and €0.49 in six months.
Does Zclassic have a large following on online?
6269 Reddit users took part in discussing Zclassic online on Reddit in the last 2 days. Zclassic's official Twitter profile is currently followed by 32522 users.
10 days Zclassic price forecast
Long term Zclassic price prediction