What is Zclassic?

"Zclassic is a fork of Zcash: (@HeyRhett) decided to take another path by removing the 20% fee. 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."

-ZClassic.org
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General

TICKER SYMBOLS
ZCL
AGE
3 years old (November 05, 2016)
CURRENT PRICE
$0.286944
Updated 4 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$199
2 years ago
CIRCULATING SUPPLY
7,372,638.12 coins
Updated 1 minute ago via coingecko.com
MARKET CAP
$2,115,532
Updated 2 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (21,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
2m 30s
CURRENT BLOCK REWARD
12.5 coins
HASHING ALGORITHM
Equihash
DIFFICULTY ADJUSTMENT
Every block (~3 minutes)

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