ZClassic Stocks, USD price, market cap
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ZClassic (ZCL) is a cryptocurrency that was launched in 2016 as a fork of Zcash (ZEC). The primary difference between the two coins is that ZClassic has no founder’s reward or “premine”. This means that all the coins are mined by the users and not pre-mined by the developers. ZClassic is a privacy-focused coin, and it uses the same privacy protocol as Zcash, zk-SNARKS. This allows for private transactions on the blockchain.
ZClassic has a wide range of uses, from being used to pay for goods and services, to being used as a store of value. It is also used as a medium of exchange between users, and it can be used to send funds anonymously.
The ZClassic network is secured by a proof-of-work consensus mechanism, which is similar to the one used by Bitcoin. This means that miners must solve complex mathematical problems in order to add blocks to the blockchain and receive rewards in the form of ZCL coins.
The ZClassic team is led by Rhett Creighton, who is also the founder of Zcash. Rhett has a long history in the cryptocurrency space, and he has been involved with several successful projects. The team is also composed of several other developers and engineers who are working on the project.
The ZClassic project has been well-received by the cryptocurrency community, and it has been praised for its focus on privacy and its commitment to decentralization. The project has also been praised for its low transaction fees and its fast transaction times.
ZClassic has a total supply of 21 million coins, and it is currently trading at around $2.50 per coin. This makes it a relatively affordable coin, and it is a good option for those who are looking to invest in a cryptocurrency with a low market cap.
Overall, ZClassic is a promising cryptocurrency project that is focused on privacy and decentralization. It has a strong team and an active community, and it is well-positioned to benefit from the growth of the cryptocurrency market. If you are looking for a cryptocurrency with a low market cap and a focus on privacy, then ZClassic may be worth considering.