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What is it?

Zero-knowledge proving scheme is a decentralized and open-source technology that offers privacy and selective transparency of transactions.

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.

Website: http://zclassic.org/

ZClassic / ZCL

USD: 1.0573 $

EUR: 0.932876 €

BTC: 0.00030237 Ƀ

ESI: 0.332621 i

0.11% / 1h

3.9% / 24h

News

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Most Cryptocurrency Cost Less Than $1 Million a Day to 51% Attack: Cornell Professor

NewsBTC - 4683 hours ago

Earlier today, on May 31, prestigious US university Cornell professor Emin Gün Sirer ‏noted that the vast majority of proof-of-work (PoW)-based cryptocurrency require less than $1 million per day to successfully carry out a 51 percent attack. Computing Power is Security “The cost to 51% attack various coins. Most of these coins cost a pittance to attack. If your savings are in a coin, or anything...

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The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

Bitcoin news - 4911 hours ago

After delving into the world of cryptocurrencies one can see that good majority of digital asset proponents are big fans of privacy and anonymity. Just recently a spreadsheet document was published that lists the top privacy-centric coins and the various differences between them. The paper called “Privacy Coin Matrix,” allows enthusiasts to see a comprehensive list of cryptocurrency networks that...

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