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Zclassic (ZCL) is a decentralised, open-source cryptocurrency launched in November 2016 as a fork of Zcash. It comes with the exact same parameters as its parent (21 million coins, 2.5 minute block time, initial reward of 12.5 ZCL per block, Equinox hashing algorithm), but it does away with the 20% "founders' reward" fee introduced by the heavily-funded Zcash project. It also removed Zcash's "slow start" to mining where the initial reward to miners was set to a very low value for the first month. Like Zcash, Zclasic focuses on transaction privacy and anonymity, using the Zclassic is a pure community effort with no pre-mine or insta-mine and no reward for the developers. Original announcement.
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