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What is ZClassic?
The ZClassic Coin is a cryptocurrency that originated from the Zcash token. This is a so-called "fork" currency, which can be understood that it resulted from a “fork” . Thus, ZClassic is also based on a decentralized blockchain whose source code is also open source. By using this technological basis, it is possible that transactions are conducted privately and can also have a selective transparency.
ZClassic Coin - how it works
The transparency can be defined in particular by the users. Compared to the original Zcash currency, ZClassic transaction fees are 20% lower. For miners there is also the advantage that they are especially scheduled as a fixed constant. They get defined rewards for the mining, which according to the developers they should earn, so that the mining can be done constantly. In addition, the miners play an important role in the development of the token amount and the token price. Furthermore, all profits made by the mining go directly to the miners.
The Zcash currency, on the other hand, gives 20% of the profits to the developers, but this rule is only valid for the first four years. However, this means that developers can control 10% of the current token amount to control the current value of the currency. In particular, the abandonment of the so-called "slow start", in which the token amount is kept low at the beginning, so that the token price increases, distinguishes ZClassic. Rather, the developers renounced, from the beginning on, the 20,000 slow blocks which were introduced at Zcash,