ZClassic (ZCL) is a fork of Zcash. There is no founder’s tax, no slow start, and it is democratic.
Rhett Creighton is the founder of ZClassic (ZCL), and he disagreed with his partner Zooko Wilkcox concerning the team rewards. He felt that the 20% commission in ZCash as violating the rights of the miners in getting a reasonable reward. And, this led to the formation of ZClassic.
The now happening tweet in ZClassic reads, “Great News! You can sign up for your Visa Debit BlockCard (FREE, only takes 5 minutes) using the #Zclassic COMMUNITY referral link. With enough COMMUNITY SUPPORT, BlockCard MAY consider FREE INTEGRATION Imagine sending PRIVATE CRYPTO TO A DEBIT CARD.”
Getting started with Zclassic is now fanciful and attractive because of on-chain tokens, best in class zero-knowledge privacy, mobile support, Telegram Tip Bots and Apps, No Dev Fees, No ICO. Thus, it is very easy for a developer to get started on Zclassic.
One of the users acknowledged by stating that it was possible to create a token on Zclassic in just 3 minutes.
Sydney Ifergan, the Crypto Expert, tweeted: “So far so good! ZClassic ($ZCL) Rhett Creighton. Waiting to see how the momentum gathers for Zclassic with a particular focus on private transactions.”
The Zclassic website reads thus: “Zero-knowledge proving scheme is a decentralized and open-source technology that offers privacy and selective transparency of transactions.
The website clarifies that Zclassic is a fork of Zcash and talks about how (@HeyRhett) decided to choose a different path by doing away with the 20% fee. Thus, expressing that the miners are only earning their fair reward. Further stated, “We believe they deserve it, and the community can support the coin development.”
The site talks about how ZCL differed from ZEC by removing their slow start (source), which they state that they are not trying to deliberately engineer scarcity, further adding that, “The Market decides the price.”
There is a reinstatement about how Zclassic is using the same parameters which
were produced in the “trusted setup meeting” (source). Further publishing, “Where Peter Todd
participated, and he confirmed to us (source) they
are safe to use. If just one of the participants kept their key secret and
destroyed it, the whole system is secure.”
Zclassic is just beginning to get
purposeful and investors are looking out for profit opportunities and parabolic
rallies. Zclassic is beginning to
evolve.
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