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   3579

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 

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   492

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.
 

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.