Zclassic is a cryptocurrency that was originally created in November 2016 as a fork of the Zcash protocol. It aims to provide privacy and security features similar to Zcash but with modifications to the distribution and governance model. Zclassic operates on a decentralized and open-source network, allowing users to make private transactions through its zero-knowledge proof technology called zk-SNARKs. This technology enables users to maintain the anonymity of their transactions by shielding their address and transaction amount.
One significant difference between Zclassic and Zcash is that Zclassic removed the founder's reward, which means that there is no percentage of mined coins that go to developers or stakeholders. This decision was made to increase fairness and eliminate any potential centralization concerns. Zclassic operates as a community-driven project, where participants can actively contribute to its development and decision-making process.
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