Review on ZClassic by Fabrizio Zampieri
Zclassic is a fork of Zcash founded by Rhett Creighton but with the 20% founder…
Zclassic is a fork of Zcash founded by Rhett Creighton but with the 20% founder’s reward and slow start removed.
So, he removed 22 lines of code and released this new Blockchain into the wild. He got rid of the slow start of mining in Zcash which created artificial scarcity of token supply.
The developer team that now became ZenCash reached out to Creighton with their ideas of secure communication and other protocol improvements but he felt that Zclassic needed to stick to its core roots of no founders rewards or other incentives for development.
That led to ZenCash branching off of a 1:1 chain split which brought free ZEN to ZCL holders in an “airdrop” fashion at block 110,000 on May 23, 2017. The next evolution of Zclassic is Bitcoin Private. The majority of the core ZCL developer team have moved over to BTCP and continued development on that project.
Zclassic has a variety of mining pools available and remains a top mineable Equihash coin. Some of the top pools include minez.zone, suprnova, and zclmine.pro (0% fees).
Currently, it is possible to store ZCL on a full node and electrum wallet for Windows, Mac, and Linux as well as a paper wallet.
Pros
- - Zclassic is a perfect example of what happens when you clone a coin, remove a development budget and turn it into a community-driven free for all.
Cons
- - ZClassic dropped from over $100 to under $8.12 (25 June 2018 current price). It lost more than 90% of its value. - The biggest negative aspect was completely removing the founder’s reward.
