Price
$0.0380
12/5/2022, 7:56:01 AM
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Market

Market stats

Market cap

$352,794.49

Volume (24h)

$18.39

Circulating supply

9.3M ZCL

All time high

$248.73

Price change (1h)

+0.24%

Price change (24h)

+1.97%

Price change (7d)

+5.35%

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ZClassic is on the rise this week.

The price of ZClassic has risen by 5.35% in the past 7 days. The price increased by 1.97% in the last 24 hours. In just the past hour, the price grew by 0.24%. The current price is $0.0380 per ZCL. ZClassic is 99.98% below the all time high of $248.73.

The current circulating supply is 9,287,024.33 ZCL.

About

What Is Zclassic (ZCL)?

Zclassic functions as a decentralized blockchain known to be a fork of the Zcash platform with the founder’s reward removal that is 20%. Zcash refers to a cryptocurrency developed and run by Zero Coin Inc. Zero Coin Inc. utilizes 20% mining for Founder’s Reward to support their operations. Miners of the Zcash platform send 20% of freshly mined coins to a Zero Coin Inc. controlled address. Zcash aims to keep its consensus mechanism on track.

Zclassic platform leverages the Zcash source code being open-source to remove the 20% Founder’s Reward feature. Zclassic network users can now develop a blockchain with the same Zcash technology without the 20% Founder’s Reward fee. According to the Zclassic whitepaper, the platform intends to provide its users the same Founder’s Reward fee removal with Zcash technology without pre-mine or any other fee.

The platform website states that all mined Zclassic coins have utilized (PoW) proof of work consensus. Additionally, the platform doesn’t have any coin sale, ICO (Initial Coin Offering), pre-mine, or tax.

The reason behind Zclassic forking Zcash is these exciting key features of Zcash technology:

  1. The Zcash platform has a team of privacy-protecting science and engineering professionals at its core.

  2. According to the Zcash website, Zcash works toward protecting the freedom of saving and spending of its users.

  3. Zcash also aims to be the first to deploy zk-SNARKS, which refers to zero-knowledge cryptography that introduces its users to higher levels of cryptocurrency privacy. Zero-knowledge proofs refer to allowing one party to prove to another party that specific information is true without disclosing any more information than the information’s validity.

  4. Zcash supports numerous emerging platforms on its platform.

The platform token is designed to be a fair-launch token.

History of Zclassic (ZCL)

Rhett Creighton is the founder of the Zclassic platform. The platform released its whitepaper on January 10, 2018, and the Zclassic Genesis block was mined on November 06, 2016.

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FAQ

What is the current price of ZClassic?

The price of 1 ZClassic currently costs $0.0380.

What is the market cap of ZClassic?

The current market cap of ZClassic is $352.79K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of ZClassic?

The all-time high of ZClassic is $248.73. This all-time high is highest price paid for ZClassic since it was launched.

What is the 24 hour trading volume of ZClassic?

Over the last 24 hours, the trading volume of ZClassic is $18.39.

What other assets are similar to ZClassic?

Assets that have a similar market cap to ZClassic include dAppstore, CoinFi, SHOPX, and many others. To see a full list, see our comparable market cap assets.

How many ZClassic are there?

The current circulating supply of ZClassic is 9.3 million.