Zclassic functions as a decentralized blockchain known to be a fork of the Zcash platform with the founder’s reward removal that is 20%. Zcash refers to a cryptocurrency developed and run by Zero Coin Inc. Zero Coin Inc. utilizes 20% mining for Founder’s Reward to support their operations. Miners of the Zcash platform send 20% of freshly mined coins to a Zero Coin Inc. controlled address. Zcash aims to keep its consensus mechanism on track.

Zclassic platform leverages the Zcash source code being open-source to remove the 20% Founder’s Reward feature. Zclassic network users can now develop a blockchain with the same Zcash technology without the 20% Founder’s Reward fee. According to the Zclassic whitepaper, the platform intends to provide its users the same Founder’s Reward fee removal with Zcash technology without pre-mine or any other fee.

The platform website states that all mined Zclassic coins have utilized (PoW) proof of work consensus. Additionally, the platform doesn’t have any coin sale, ICO (Initial Coin Offering), pre-mine, or tax.

The reason behind Zclassic forking Zcash is these exciting key features of Zcash technology:

The platform token is designed to be a fair-launch token.

Rhett Creighton is the founder of the Zclassic platform. The platform released its whitepaper on January 10, 2018, and the Zclassic Genesis block was mined on November 06, 2016.

We update our ZClassic to USD currency in real-time. Get the live price of ZClassic on Coinbase.

The current market cap of ZClassic is $2.181M. A high market cap implies that the asset is highly valued by the market.

The all-time high of ZClassic is $248.73. This all-time high is highest price paid for ZClassic since it was launched.

Over the last 24 hours, the trading volume of ZClassic is $0.00.

Assets that have a similar market cap to ZClassic include KYVE Network, Decentralized Euro, Gochujangcoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of ZClassic is 9.3 million.