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:

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

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.