What are the main differences between Zcash and Zclassic in the world of cryptocurrency?

3 answers

• gamlasOct 20, 2020 · 5 years ago
  Zcash and Zclassic are both privacy-focused cryptocurrencies, but they have some important differences. Zcash uses a technology called zk-SNARKs to provide enhanced privacy and anonymity for its users. On the other hand, Zclassic is a fork of Zcash that removes the built-in 20% fee that Zcash imposes on mining rewards. This means that Zclassic miners receive the full block reward without any deductions. Additionally, Zclassic has a different development team and community compared to Zcash, which can lead to differences in the direction and priorities of the two projects.
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• MendyMay 23, 2021 · 5 years ago
  When it comes to Zcash and Zclassic, the main difference lies in their approach to mining rewards. Zcash has a built-in 20% fee on mining rewards, which is used to fund the development and maintenance of the project. This fee is distributed to various stakeholders, including the Zcash Foundation and the Electric Coin Company. On the other hand, Zclassic removes this fee entirely, allowing miners to keep 100% of the block reward. This difference in mining rewards has led to a divergence in the communities and priorities of Zcash and Zclassic.
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• GinozaJun 28, 2023 · 3 years ago
  Zcash and Zclassic may seem similar at first glance, but they have distinct differences. Zcash is known for its advanced privacy features, thanks to the use of zk-SNARKs. This technology allows users to shield their transaction details while still maintaining a transparent blockchain. Zclassic, on the other hand, is a community-driven project that focuses on providing a truly decentralized and open-source cryptocurrency. It removes the founder's reward and aims to create a fairer distribution of mining rewards. While Zcash has a larger market capitalization and wider adoption, Zclassic offers a more grassroots and community-oriented approach to cryptocurrency.
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