Zclassic, Zcash Fork No Premine, No 20% Founders Tax
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).
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")
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.
Zclassic uses the exact same trusted parameters Zcash uses. This is also what Peter Todd suggests:
Slack Invite (over 300 members):
Twitter Social Proof:
[Pre Ann] https://bitcointalk.org/index.php?topic=1671125.msg16781376#msg16781376
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:
When I found out SuprnovaPools had 51%+ mining power of Zcash, I reached out to them to use my fork:
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."
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.
zcash-cli getblockhash 1
zcash-cli getblockhash 3
zcash-cli getblockhash 149
NEW EXCHANGE ANN:
ZeroCashCloud now offers Zclassic $ZCL hashing power & mining contracts!
As always we offer the most profitable rates per contracts, don't miss this chance.
Have a good and profitable mining,
Join ZCL Slack Community : https://zclassic.slack.com/messages/general/
Zclassic logo Contest
Here are the rules the Poll will be open until Sunday 22:00 CET Time (20/11),
Each user will have 3 votes !
The 6 Logos with the most votes will go to a second vote.
We will accept late submissions until 18/11, so feel free to send your logo just post it in this thread.
Zclassic 1.0.3 is released
Logo Contest v1.1
Poll Open until Thursday, 22:00 EST time one vote per user
Due the last contest ending in a 3way Draw , we will have a extra day to vote!
Play fair no multiple accounts & from the same ip.
ZCash and ZClassic solo mining stratum with Web interface.
- Your personal solo ZCash & ZClassic stratum
- Rigs availability monitoring
- Keep track of accepts, rejects, blocks stats
- Easy detection of sick rigs
- Daemon failover list
Public binary release with devfeehttps://github.com/sammy007/zcash-proxy/releases
New Stratum Pool for ZCL
No fee now
CPU mining: port 3032
GPU mining: port 3724
Nicehash mining: port 3512
Join ZClassic Community Live chat for support:
Join #general as well to get latest ZClassic news
New pool up & running from PooLto.be, 0.5% fee, 0.01 ZCL payout
Zclassic orphaned blocks and the road ahead
04 January 2017
During this week a blockchain fork occured resulting in 275 blocks being orphaned. At this time there is no indication of malicious intention. However the availability of cloud-mining services and the current low hashrate of Zclassic leaves the blockchain still susceptible to this risk.
By design the blockchain operates by the majority of miners performing the work so the best mitigation is to boost the network hashrate. Additionally we have also provided guidance to exchanges to minimize their risk by lengthening transaction confirmation times.
Zclassic is a self-funded project maintained by all volunteers. As a way to incentivize mining with Zclassic and to boost the network hashrate we will be starting an official mining pool based on our open-source mining platform. As a way to add additional incentive to mine Zclassic we will be offering miners an additional 6% in block rewards when mining on our pool. After the incentization period is over the pool will move to normal operations (with fees) to help gather funding for the project and to also assist its growth.
If you have any questions or concerns we invite you to join our lively Slack community at https://zclassic.slack.com.
Thanks for your understanding as we go through these growing pains.
ZClassic - Release v1.0.4a - Added MacOS support