|Source Code: https://github.com/z-classic/zclassic|
Zclassic is a fork of Zcash decided to take another path by removing the 20% fee. ZClassic believed that miners are simply earning their fair reward which they deserve and that the coin development can be supported by the community and this is precisely the reason why a lot of people get excited about ZClassic. The Main Focus and Future of ZClassic It is hard to stand out in the cryptocurrency market with new altcoins being launched every other day, ZClassic, however, focuses on privacy and anonymity. Zclassic is a currency which removes the unfair mining reward cut and does not intend to create artificial scarcity as Zcash does. However, it uses the same parameters produced during the "trusted setup meeting” to provide users with anonymity and privacy. All it takes is one user taking their secret key and destroying it to keep the system secure. Some things are almost identical between Bitcoin and ZClassic for example just like Bitcoin ZClassic transactions are recorded and published on the blockchain. However, there are a lot of key differences here like no sender, recipient, or amount-related information is visible at any time. The apparent reason for this is that ZClassic focuses on privacy and anonymity and the way this is achieved is by using Snark cryptographic technique. ZClassic has a lot of potential as there is a very high demand for financial privacy and anonymity in today's world which means the future of ZClassic can be bright. With a total of 21 million ZCL to be brought into circulation over the next few years, it seems this altcoin follows the same issuance model as Bitcoin. So far, just over 3.246 million coins have been mined, which means there is still a lot of work ahead for both the miners and the Zclassic community. An electrum wallet release can be expected by the users, investors or miners of ZClassic. There are a few beta and alpha testing which has to be done after which a public release can be expected, ZClassic might get forked into Bitcoin private too. No major effects on ZClassic is expected because of this though. The developers of ZClassic and the growth of ZClassic There is a whole community of active participants. I suggest jumping in the active slack to see just how involved it all is. You can see all the things that have been created and much of the skill involved. It was all done with no funding and only true spirit. At this stage, there are four active, dedicated developers. Well, it started with a handful of people and started building rapidly. In just over two weeks ZClassic became a Slack community of over 600 members, and it is growing daily. Each contributes in their way and with their own skill. The coin is currently available at various exchanges including Bittrex and cryptopia. Talking about growth ZClassic broke the top 100 according to coincap it started from less than a dollar and is now worth almost a hundred US dollars. One thing to keep in mind though is that just like all investments there is risk involved especially in the cryptocurrency market.