ZClassic is a coin that appeared on November 6, 2016 forking from ZCash in order to bring such changes as the removal of slow start and 20% founders reward. ZClassic did not receive a lot of public attention lately due to absence of any outstanding announcements, but from December 8, when Rhett Creighton tweeted that he would resume work on ZClassic, the coin started actively rising in price.
I'm teaming up with the original Zclassic co-founder @movrcx and we're planning more active development for Zclassic.
It will remain as the only purely mined fair launch ZK-SNARK tech with No Founders Reward.
— Rhett Creighton (@HeyRhett) 9 December 2017
The hard fork of ZClassic under the name Bitcoin Private is scheduled for January of 2018, but no exact date is known.
Bitcoin Private Features:
- Total circulating supply of BTCP: 18,500,000 BTCP (supply BTC + supply ZCL)
- Max supply BTCP: 21,000,000 BTCP
As it is stated on ZClassic subreddit thread, if the users own Zclassic and/or Bitcoin during the snapshot, they will receive Bitcoin Private in the ratio of 1:1. The users are not recommended to hold ZCL and BTC on Bittrex because it is still unclear if they will support the fork or not.
ZClassic Bitcoin private hard fork
The community is still in the process of deciding the details of the fork, choosing between non-SegWit BTC addresses and BCH addresses.
The news about the upcoming fork and Bitcoin Private tokens distibution attracted lots of attention to ZClassic coin and the users started actively buying it in order to receive distributed tokens. This lead to the surge in ZClassic price which rose 453% within past 7 days and 175% within past 24 hours.
ZClassic in the list of coins ranked by market capitalization
The price of ZClassic grew from $4,66 on December 20 to $31,9 on December 27 while the market capitalization increased by $50 million within only one week reaching the mark of $57 million at 6:04 UTC on December 27.
At the moment of press, these are the main market parameters of ZClassic:
- Average Price: $25,72
- Market Cap: $46 542 627
- 24h Volume: $25 396 900