Zclassic is an open-source, decentralized cryptocurrency that provides greater privacy and exclusive transparency. Although it takes its roots from Zcash, Zclassic has improved over in many ways making it more lucrative for the miners. It removed the 20 % tax of “Founders Reward”. ZCL, unlike bitcoin, assures of total anonymity in transactions. Bitcoin does not guarantee 100% anonymity as all the transactions in an account can be viewed by the sender when the recipient gives their wallet address to complete a payment. ZCL uses the Proof of Work (PoW).
Zclassic is Zcash without its restrictions and assures of economic independence. It has also removed the slow start. The blocks start at 12.5 ZCL rewards per block. Apart from removing the slow start, ZClassic does not have any company or any investor backing. It was created by people who were affected by the flaws of Zcash. They did not want it to happen to the new investors.
Zero Information: Every cryptocurrency user seeks privacy and protection of their transactions. Zclassic guarantees that. This is a far improvement on the bitcoin where, as mentioned earlier, there is no guarantee of anonymity.
Founders Reward: Zclassic does not charge the 20% tax that the Zcash does. The percentage was being taken by the company founders as their share. Zclassic allows the full 100% payment to the miners.
Zclassic like Zcash offers opt-in anonymity. This offers two advantages. One is that it assures of total transparent transactions and as well meets the regulations of the governments that have restrictions in closed dealings while still maintaining the same privacy.
Altcoins generally are traded against Bitcoins and not against fiat currencies. The ZCL price against BTC as of now is around 0.0007. Each ZCL is worth $0.5USD and has a market cap of a little under 120k USD.
Zclassic adopts and enhances on the Zcash features and has made it more lucrative for the users by removing the tax of 20% that the investors pay in Zcash. The total supply of ZCL is 21,000,000 like the bitcoin and the difficulty for each block is same as in Zcash. The inflation is around 7200 coins.
Zclassic was abandoned by its developer after it was launched but was revived by a team that is keen on its development. It has come back strongly and carries a good investment potential for both short-term and a long run.
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