ZenCash vs. Zclassic
ZenCash vs. Zclassic
You may think that since the Zclassic split last month where ZCL holders were paid 1:1 ZEN that there would be no more use for Zclassic, but you would be very wrong!
Zclassic (ZCL)
Current price on coinmarketcap.com
Zclassic was a fork of Zcash basically changing 3 things.
- Removing the 20% Miners fee that Zcash will have for 4 years
- Slow start which caused the price of ZEC to go to 2 million dollars!
- Block rewards change from 10 rewards per block (Zcash) to 12.5 rewards per block (Zclassic)
ZenCash (ZEN)
Current price on coinmarketcap.com
Now ZenCash is a fork of Zclassic which is a fork of Zcash. Now the ZenCash team has promised improvements from Zclassic, but they also are taking a founders fee now, but it is still different from Zcash.
The main differences that were added with ZenCash are..
- Secure Messaging
- Proposal System
- Voting System
- Governance
- 12% Miners Fee (for the life of the project)
"3.5% goes to maintain the infrastructure (the secure nodes), and 8.5% goes to the treasury for the organization to spend on development, maintenance, improvements, and all the other expenses a viable organization needs to spend money on to thrive and grow."
ZenCash is an upgraded version of a true end-to-end private network with all the features a cryptocurrency project needs!
Conclusion
Now there is talk that the Zclassic is working on a different split which may have features closer to Ethereum, but it still is valuable if you are looking for simple private transactions with 100% mining rewards.
Also the ZenCash team is working on something truly game changing, and with a great team, and upgraded features hopefully it grows into something much greater while building a great community as well!
Thank you for reading my post, and if you want to learn more about there check out their links below.
Zclassic: http://zclassic.org/
ZenCash: https://zensystem.io/
Disclaimer: All of my opinions are only opinions, and it is not investment advice. Please do your own research before investing in anything.
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That's some very useful information you have provided for ZClassic and ZCash. I didn't know how they were created. So, do you think that ZCash is better than ZClassic? If I have to invest in either of it then which one would you advice to invest in?
ZCash is so much more better than Zclassic it is now just getting a pump by minders lol :P
Blockops mentioned that Zen will be on Ledger soon, I dislike holding my Zen on Bittrex currently. Nothing wrong with Bittrex I just don't trust ANY exchange, hardware wallet FTW!!!
Thanks for update @stealthtrader.
Thanks for sharing! I picked up some Zclassic prior to the split after talking with @hilarski.
On another note, I heard some rumors a while ago that there were no Zclassic developers anymore. This appears to be false, which is great news!
I am underwater on my Zclassic, but seems to be worth holding!
Resteemed!
I'm so excited about these coins! Thanks for the info.