ZClassic released beta version of a desktop wallet

The development team of ZClassic announced ZClassic Wallet beta release available on desktop for Mac, Windows, and Linux
09 January 2018   380

On January 9, the team behind ZClassic has made an announcement presenting the beta release of ZClassic desktop wallet, which the development team worked nonstop on to get the wallet to the users. It was reported that 100 volunteers have already tested the wallet alpha version.

The release of the wallet can be found on GitHub, and the team reported that they have put together 6 dedicated server nodes around the globe to ensure connectivity for all users with more to come.

Nevertheless, the team highlighted that this is a beta version, which means that there are some issues noted in alpha testing that may be unresolved:

  • Users cannot import a private key into the wallet, though they can export it. The only way to import your wallet is with a wallet.dat file placed in C:\Users\Your-Username\AppData\Roaming\Zclassic
  • Sometimes the program does not start properly on the first start up
  • The sync status jumps around a lot when users first start the program, but eventually it should synchronize
  • The Mac version only works on the latest version of Mac OS (High Sierra and Sierra) and will not work on older versions
  • The program is 64 bit and will not work on 32 bit OS
  • When sending funds, users should allow for a small transaction fee and are recommended to leave at least 0.0001 ZCL in the wallet to pay for a fee when performing transactions
  • Users cannot run this wallet simultaneously with ZCash wallet
  • Transparent addresses will not show in the "addresses" tab until a transaction has posted to it, and users are recommended to make one in the "receive" tab and then use immediately

Previously, we have reported that the hard fork of ZClassic under the name Bitcoin Private was scheduled for January of 2018, but no exact date was known.

Currently, the general trend of ZClassic price is rising, as it grew 83% within past week, increasing from $85 on January 3 to $239 on January 7, but then significantly dropping to the point of $185 on January 9. Nevertheless, the market capitalization of the coin increased from $196 million to $334 during the course of past 7 days.

ZClassic Charts january 2018ZClassic Charts January 2018

At the moment of press, these are the main market parameters of ZClassic:

  • Average Price: $187,80
  • Market Cap: $339 885 869
  • 24h Volume: $25 122 100

ZEC Can Hit $60k in 2025, Grayscale Investments Says

In order for this prediction to come true, 10% of world offshores should "enter" in Zcash
01 February 2018   226

The rate of anonymous crypto currency can rise to $ 60,000 by 2025. Financial model, developed by the researcher of Grayscale Matthew Beck says about it. At the time of publication, 1 ZEC costs about $ 400, which means that it needs to grow 150 times to make this prediction come true. This is reported by Fortune.

However, in the financial model, there is one assumption: Zcash could reach such heights, by 2025 it should be 10% of all offshore assets. Although this statement may seem absurd given the current alignment of forces in the market, Beck argues that the potential of Zcash is extremely underrated.

We think of ZEC as the first globally accessible ‘offshore’ investment opportunity, or a Swiss bank account in your pocket, so to speak. There is no single point of failure. Investors are not bound to the success or failure of a single entity, political regime, or economy.
 

Mattew Beck

Grayscale Investment

At the moment of press, these are main ZEC market parameters:

  • Average Price: $393.87
  • Market Cap: $1 253 426 55
  • 24h Volume: $74 727 600