ZCL rising due to the news of Bitcoin Private hard fork

Zclassic founder is working on the project and ZCL will undergo a hard fork in 2018 after which all ZCL holders will receive Bitcoin Private tokens
27 December 2017   3239

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.

  • 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.

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 capitalizationZClassic 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.

ZClassic Charts december 2017ZClassic Charts

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 

Parity to Create Alternative Client for Zcash

New node will be written in the Rust language and will become the first alternative client for zcashd
20 March 2019   153

A leading developer of ecosystem solutions for Ethereum, Parity Technologies has announced a partnership with the Zcash Foundation. As part of this cooperation, the first alternative client for the private cryptocurrency Zcash will be created.

The message notes that the new node will be written in the Rust language and will become the first alternative client for zcashd - own client of Zcash Company.

In addition, according to the Zcash Foundation, Parity's expertise in creating the implementation of network nodes in networks with multiple clients demonstrated the importance of developing communities and further decentralization.

Our technical collaboration with the Zcash Foundation will bolster the cryptocurrency as a tool for financial privacy. We’re excited to leverage the time and expertise that we’ve already invested in Parity Bitcoin, while familiarizing our engineers with zero-knowledge cryptography and building a foundation for a Polkadot Zcash bridge.

Fredrik Harrysson

CTO, Parity

On Tuesday, March 19, the Chinese manufacturer of equipment for mining cryptocurrency Bitmain introduced the device Antminer Z11 based on a 12-nm chip. The new miner is focused on mining ZCash and other cryptocurrencies based on the Equihash algorithm, and as Bitmain claims, it is three times more powerful than its predecessor Antminer Z9 mini.