Out of all of the 3, I trust Bittrex the most, but they currently have their sign ups down. There are only 3, Bittrex, Cryptopia, and Coinexchange. Zclassic is pretty limited on the exchanges it can be bought on. I would expect Bittrex to, as it is currently listed on there, and they supported the NXT/IGNIS airdrop. No exchange has commented on supporting the fork/airdrop yet, so it is best to keep your Zclassic on an official wallet. If your goal is to own Bitcoin Private, your best bet is to obtain Zclassic, as they are currently going for around $100 while Bitcoin’s are selling for around $8,000. The official snapshot date for the Zclassic/Bitcoin Private fork is said to be on February 28, 2018.
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Read how to claim Bitcoin forks, and Bitcoin private here. Anyone who owns Zclassic, will receive one Bitcoin Private and anyone who owns Bitcoin, will have a 1:1 ratio of Bitcoin to Bitcoin Private airdropped to their address. There are so many forks in Zcashs history that a family of 3 could eat with them. This excited many people, and brought a lot of attention back to the project.Ī week or so later, Rhett started announcing plans to fork Zclassic, into something called Bitcoin Private. In early December 2017, developer Rhett Creighton announced that he would be teaming up with the old Zclassic co-owner and together they will be reviving the once abandoned Zclassic project. Many view Zclassic to be a much more fair alternative to Zcash, while keeping the strengths of Bitcoin and Zcash intact.
Zclassic forked from Zcash, with two key changes. To put that into perspective, today they are worth. At one point Zcash was selling for 100 BTC each. Many people saw this unfair, as the price of Zcash skyrocketed in those first days. This occured for the first 20,000 blocks, which was around 34 days. This reduces the block rewards initially, and slowly ramps up to be in line with Bitcoins block rewards. The second addition was a “slow start” block reward. The creator of Litecoin, Charlie Lee recently took a different route, and publicly announced that he sold all of his Litecoin, to remain impartial to the project. They claim that this is a way for the coin developers to be rewarded for their hard work, and also a way to ensure they have the coins future success in mind. The first addition, is a founders reward, which means that 20% of all the newly issued coins for the first four years, are given to Zcash investors and developers. There were two main additions to the code, that many people had an issue with. Zcash planned to add way more privacy than the current version of Bitcoin. To explain this, we are going to go all the way back to 2016 when Zcash split from Bitcoin. When the fork happens, Bitcoins current supply of 16.8 million will be added to Zclassics creating a circulating supply of ~20 million Bitcoin Private. Bitcoin, BCash, Bitcoin Gold, Bitcoin Diamond, Bitcoin Dark and Zclassic (futures market in a way for Bitcoin Private).Ĭurrently, Zclassic has 3.18 million coins. This is clearly shown in the market cap rankings, as there are technically 6 versions of Bitcoin in the top 300. Zclassic is a fork of Zcash but the difference is that all mining rewards in Zclassic go directly to the miners. This makes the coin have lower supply than it appears to, which creates a “fake” market cap. This creates a limited supply of the coin compared to its circulating supply. When a coin forks, users may decide to not claim the fork, for whatever the reason (usually privacy). Market capitalization is calculated by multiplying the amount of coins in circulation by the last price a coin was sold for. One incentive of forking from Bitcoin, is that it brings a lot of attention, and a massively increased market capitalization of the coin.
I would use Bitcoin’s existing history which is basically a snapshot of where all the coins reside at a given time, as well as past transactions. If I wanted to proceed, even though the majority doesn’t agree, I could then fork the project creating my version (Bitcoin Monkey) that co exists with the original Bitcoin.
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If I added a line of code to Bitcoin that gave half of every block reward to me, most people would not agree with that. For a more complete list including Bitcoin Ore and Bitcoin Pizza… check out this page on upcoming Bitcoin forks.Ī fork in cryptocurrency occurs when the source code of a project is changed and a majority of the users can not agree on the change. In 2018, there are over 10 more on the way such as Bitcoin God, Bitcoin Private and Bitcoin Monkey. I am kidding about Bitcoin Monkey, but the amount of Bitcoin forks that are on the way are comical. In 2017, we saw several Bitcoin forks like Bitcoin Cash, Bitcoin Gold and Bitcoin Diamond.
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