Learn more about ZClassic Coin.
ZClassic Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of ZClassic Coin consists of three chapters: origin, technology and pros & cons.
This coin is globally recognized as one of the forks of ZCash. ZClassic Coin launched as an open-source cryptocurrency by Rhett Creighton on 6 November 2016.
The vision behind Zclassic is to provide technology that is considerate of financial privacy. That means that it comes with an option to keep privacy in any given transaction. Z-address is the new shielded address option provided in ZClassic in place for a standard t-address. Z-address keeps the transaction’s metadata confidential by using zero knowledge scheme.
One of the major reasons for investing in ZClassic is that miners don’t need to pay any amount to the founders. That’s right! Creighton found it to be unfair to the investors. Hence, founder’s tax / reward has been eliminated out of ZClassic’s policy. Moreover, one feels secure with the high standard of transaction privacy provided in this blockchain.
ZClassic claims a lot. But the investors have reported to experience command line access error and wallet security options which are the basics. Also, with no development budget, developers seem to show no interest in the technological advancement.
Besides the investors taking advantage of ZClassic’s anonymity and zerocash protocols, there was also a rough side. And what caused it? Well, probably the removal of founder’s reward was a good idea for investors to rush in for their advantage. However, it resulted in the lack of developers’ interest in keeping the system working and progressing. When the investors did not observe any technological advancement, they gave up on ZClassic. This resulted in immediate fall in its price.