[ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax

[ayamark789]

It will reach 1000$ in no time

The top 50 can still charge, but $ 1000 a bit difficult, after all, a difference of 10 times

[aleschasergeevih]

Zclassic is a fork of Zcash 1.0.1 with minimal changes except for 2 major things.

1. 20% Founders Reward is removed.
2. Slow start is removed (blocks start at 12.5 ZCL rewards per block).

Parameters:

PoW: Equihash
Halving rate: Every 4 years (same as Zcash and bitcoin).
Starting Block Reward: 12.5 coins every 2.5 minutes (Same as Zcash.  50 coins per 10 minutes, like Bitcoin).
Total eventual supply: 21,000,000 (21 million), as per Bitcoin (Unchanged from Zcash)
Difficulty adjustment algorithm: Digishield V3 (Unchanged from Zcash)
Difficulty adjusts each block (Unchanged from Zcash)
Symbol: ZCL (pronounced "ZICKLE" like "NICKEL")

Trusted Parameters
Zcash (and Zclassic) relies on trust that a private key was destroyed.  If anyone poseses the private key, that person can mint unlimited coins for himself/herself.  Zcash designed a ceremony where 6 individuals each created a shard of a private key and destroyed it.  As long as all 6 individuals did not conspire and collude to share their shards, the private key is destroyed.  Here are mre details about the ceremony.
https://z.cash/blog/the-design-of-the-ceremony.html

Zclassic uses the exact same trusted parameters Zcash uses.  This is also what Peter Todd suggests:
https://www.reddit.com/r/ZClassic/comments/5bbpmr/we_should_invite_petertodd_to_our_trusted_setup/

Block explorer:
https://classic.zcha.in/
https://zclassic.31337.eu/insight/
https://cronicc.github.io/

Website:
http://zclassic.org

CoinMarketcap
http://coinmarketcap.com/currencies/zclassic/

WhatToMine
http://www.whattomine.com/coins/167-zcl-equihash

Source Code:
https://github.com/z-classic/zclassic

Reddit:
https://www.reddit.com/r/ZClassic/

Slack Invite (over 300 members):
http://zclassic.herokuapp.com/

Freenode IRC:
#zclassiccoin

Pools:
https://pool.mn/zclassic
https://www2.coinmine.pl/zcl
https://pool.cryptobanx.io/zcl/
https://zcl.suprnova.cc/
https://zclassic.miningpoolhub.com/

Exchanges:
https://www.cryptopia.co.nz/Exchange/?market=ZCL_BTC
https://c-cex.com/?p=zcl-btc
https://www.tradesatoshi.com/Exchange?market=ZCL_BTC
https://bittrex.com/Market/Index?MarketName=BTC-ZCL

Twitter Social Proof:
https://twitter.com/SatoshiLite/status/796058283312189440
https://twitter.com/zooko/status/795002870651322370

Medium:
https://decentralize.today/zcash-miners-stop-paying-20-genius-tax-486d9f40884f
https://decentralize.today/five-reasons-zcash-is-the-most-corporate-cryptocoin-youve-ever-seen-a77ac430b0e8

Announcements
[Pre Ann] https://bitcointalk.org/index.php?topic=1671125.msg16781376#msg16781376
https://twitter.com/HeyRhett/status/794773732933799936
https://twitter.com/HeyRhett/status/794799248759885825

Todo:
Windows Wallet
IOS / Android Wallet

Note from developer:
I started this work on my own, writing Medium articles and reaching out to people on Twitter because I believe the ZK-SNARK technology in Zcash is the future of money, but I couldn't stomach the idea of it being taxed 20% by a small group of people.

To be honest, I never made an altcoin before.  I spent a week on my own obsessing over the Zcash code to see what could be done.  Soon after the Zcash launch, I submitted a pull-request to remove the Founder's Reward, which was quickly closed:
https://github.com/zcash/zcash/pull/1714

When I found out SuprnovaPools had 51%+ mining power of Zcash, I reached out to them to use my fork:
https://twitter.com/HeyRhett/status/792787816329515009

After failing at those two approaches, on Halloween, I announced, "I'm forking Zcash with no 20% Founders Reward.  Ping me to help.  There won't be any reward for helping."
https://twitter.com/HeyRhett/status/793201219393105921

I offer my sincere apology to the community for people who feel they may have missed the announcement because there wasn't enough advance notice.  I was reaching out to people, but I did not have the large exposure of a foundation with investors.

Now that the coin is live, most of what you see above is work done by the community.  This coin is almost 4 days old, and I'm amazed at what we've done so far.

[Andrey09]

I guess ZCL will like price BTG / BTCD around 200-300 $

[XCNP]

After watching an increase of 195% on Bittrex I also headed to this thread to find out more. This is standard practice to see new people coming and joining the community or showing interest after watching performance of different coins on trading platforms. This is what attracted me to come and find out more though it is up for long time.

[Rafael101]

$ZCL going 10 x in a few weeks?

Could be..

I understood that the founders of Zclassic (Rhett and Joshua) are teaming up and are planning a Bitcoin hardfork with zk-SNARK tech by dec 25th. The hard fork will be called ''Bitcoin Private - (BTCP)''. I am following the Zclassic telegram and according to the discussion there, the hard fork will produce a coin with elements of bitcoin gold/cash and Zcash/classic combined (correct me if I am wrong). If this is really the case this hard fork can be super HUGE!!

This is definitely very interesting and possibly a brilliant move. Privacy coins actually have a use case (as opposed to the thousands of shitcoins on the market), so I wouldn't be surprised if Bitcoin Private gets a higher market cap than Bitcoin Gold (which most people think is a joke) over the next couple of months. Maybe it can even compete with Monero and Dash?

[TRILIUNER MUDA]

Good article from medium
info written quite complete

https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21
https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21
https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21

[yangb0]

$ZCL going 10 x in a few weeks?

Could be..

I understood that the founders of Zclassic (Rhett and Joshua) are teaming up and are planning a Bitcoin hardfork with zk-SNARK tech by dec 25th. The hard fork will be called ''Bitcoin Private - (BTCP)''. I am following the Zclassic telegram and according to the discussion there, the hard fork will produce a coin with elements of bitcoin gold/cash and Zcash/classic combined (correct me if I am wrong). If this is really the case this hard fork can be super HUGE!!

This is definitely very interesting and possibly a brilliant move. Privacy coins actually have a use case (as opposed to the thousands of shitcoins on the market), so I wouldn't be surprised if Bitcoin Private gets a higher market cap than Bitcoin Gold (which most people think is a joke) over the next couple of months. Maybe it can even compete with Monero and Dash?

We already have such thing called BitcoinZ though...

[K3yrub3ll]

At this point i'm not selling my $ZCL

I never hear a single word about #BitcoinGold ($282) and #BitcoinDark ($312)

I don't see why #BitcoinPrivate can't launch at least triple digits if not a similar price as those 2

Privacy + Bitcoin brand name =🤑

I need help! IF I understand correctly, people that hold ZCL will receive BTCP on a 1:1 basis.

Does this mean that people that hold ZCL should store their ZCL in a private wallet for ZCL?

If people store ZCL in an exchange like Bittrex, then will they miss out on the 1:1 BTCP offering?

Thanks in advance to anyone for addressing this question.

[Hunterwolfie]

pure pump and dump.

thanks for the gains though.

 

[0gantia]

But Zen didnt was the future of this project. I dont follow this project so I dont understand all. But crazy progression

[Mika141]

I predicted it correct. So now my prediction is 1000$ in january.

[Jester.]

Zcoin, zclassic, zero.. and now kurrent, which is a z clone also, 800k marketcap, i've noticed the accumulation spikes for days now; https://bitcointalk.org/index.php?topic=1691086.0

ready to rock and roll and move my zclassic profits to kurrent

[MrSnarks]

pure pump and dump.

thanks for the gains though.

 

LOL what a loser. You can't afford a single one at this point. You know how I know ? Because only a complete idiot would call an asset he owns or trades and that supposedly brings him profits a 'pure pump and dump', hence you don't have any of it.

[WORLDWIDEWES]

so at least a few guys in here made a few hundred thousand dollars. maybe a couple even a million \

[fracas]

Wallet does not work:


Will Bittrex support Fork?

I don't want to lose Bitcoin Private but Wallet does not work and don't know about Bittrex.

[vince212]

Will you get BTCP if you have your ZClassic on Bittrex??

No, I don't think so. BTCP is going to be absolutely nothing, I'm amazed people aren't thinking about it. Now we have one headache, ZCL only, but soon we'll have two headaches, ZCL and BTCP. BTCP won't be even added to any exchange, I don't see any plans of it. This drama is going to be ended soon and bad, and dev will be offline forever.

The dev probably wanted to cashout his last left-overs of ZCL at a good rate, and started this drama.

how much do you think it would spike from here?

I don't think so it'll spike any further, but even if it does, it should not be able to cross 0.003 BTC.

wanna bet on x4?

Sure thing! How much? You think it'll go to 0.012 BTC? LOL, get real man.

x4 looking reachable now right? 

[Mika141]

X 10 again, we are in top 100. Now community will get bigggger.

[fracas]

x4 looking reachable now right?  

X 10 again, we are in top 100. Now community will get bigggger.

Can you please help with wallet? Why does this always pops up?

[Roidz92]

a lot of profit made thanks to this shitcoin, thanks guys/devs, whoever you are.
Obviously we all know what will happen... [spoiler]-NXT

[Redecouverte]

Wallet does not work

Will Bittrex support Fork?

I don't want to lose Bitcoin Private but Wallet does not work and don't know about Bittrex.

My wallet works fine: https://5hd.de/etc/zcl_wallet.png
Make sure you are using the latest release from yesterday and follow the installation instructions.

There is no statement about Bittrex support yet.