Zclassic is a fork of Zcash 1.0.1 with minimal changes except for 2 major things.
- 20% Founders Reward is removed.
- 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
- SatoshiLite
https://twitter.com/zooko/status/795002870651322370
- zooko
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
- HeyRhett
https://twitter.com/HeyRhett/status/794799248759885825
- HeyRhett
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
- HeyRhett
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
- HeyRhett
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.
