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zcl Zclassic #2406
0.04 USD -0.13% 0.00
DAY RANGE
0.04 0.04
Circulating supply 9.3M
Total supply 11.5M
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zcl Price

Current Price 0.04 USD
Price Change 24H 0.00 USD
Price Change 24H -0.13%
Price Change 7D -9.04%
Price Change 14D -6.01%
Price Change 30D -40.24%
Price Change 60D -53.15%
Price Change 1Y -74.20%
Market Cap Change 24H -549.3
Market Cap Change 24H -0.15%
All time high (ATH) 230.95 USD
ATH Change -99.98%
ATH Date 2018, Jan 07

zcl Markets

FinexBox
ZCL/USDT
Last price: 0.04 USD
Last price: 0.04 USDT
Spread: 0.01%
24H Volume:
5.6K USD
FinexBox
ZCL/BTC
Last price: 0.04 USD
Last price: 0.00 BTC
Spread: 4.17%
24H Volume:
1.3K USD
SafeTrade
ZCL/BTC
Last price: 0.04 USD
Last price: 0.00 BTC
Spread: 25.59%
24H Volume:
20.2 USD
FinexBox
ZCL/FNB
Last price: 0.04 USD
Last price: 0.08 FNB
Spread: 0.01%
24H Volume:
2.8K USD
SafeTrade
ZCL/SAFE
Last price: 0.01 USD
Last price: 0.20 SAFE
Spread: 71.34%
24H Volume:
0 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Zclassic

Zclassic is a fork of Zcash founded by Rhett Creighton but with the 20% founders’ reward and slow start removed. Miners are simply earning their fair reward, we believe they deserve it, and the coin development can be supported by the community. ZCL also differs from ZEC by removing the slow start (source), we are not trying to deliberately engineer scarcity: The Market decides the price. We are using the same parameters which were produced in the now famous secure "trusted setup meeting" (source) 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.

Zcash is a cryptocurrency run by the Zero Coin Inc. In order to fund their operations, a 20% mining “Founder’s Reward” is included. Every block, in order to maintain consensus, miners running the Zcash code send 20% of their newly mined rewards to an address controlled by the Zero Coin Inc. Because the Zcash source code is open source, Zclassic simply removes the 20% Founder’s Reward. This gives people the option to mine a blockchain using the same technology of Zcash, but without paying the 20% Founder’s Reward.

The mission of Zclassic is to stay as similar to Zcash from a technology perspective, but to never take any pre-mine, founder’s-reward or any other kind of fee that goes to a small group of individuals with special permissions whether elected, appointed, or otherwise.

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