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ZClassic has begun to show some signs of life. After reaching the peak at the end of July at $ 18.98 / 0.00232659 BTC, the currency quickly began to fall. This model lasted until August 14 when the currency moved into a slightly erratic side mode. The August fund was reached on 30 when ZClassic went to $ 6.52 / 0.00094092 BTC.
TheCryptoman said the following about the currency:
"Huge fan of trends, patterns and history. $ ZCL looks promising as long as Bittrex accepts fork."
On the topic Bitmex fork expands:
"https://twitter.com/BittrexExchange/status/1033072119104655360 – according to that Tweet of Bittrex the key the words are" At this moment "in the sense that there is the possibility that they continue to support the fork, that I do not see why they would not, being the main main exchange to list ZCL.I think they will soon support the fork. "
ZClassic is a fork of Zcash, which means it is a decentralized privacy-based and privacy-based cryptocurrency , based on zkSNARKs. The difference between the two lies in the fact that ZClassic lacks 20% of "tax on the founders" that Zcash developers collect from their miners to accumulate funds for the development of their product. Efforts to develop coins are supported by the ZClassic community. Another important distinction is the lack of slow-start mining functionality that was introduced to Zcash to artificially engineer scarcity; ZClassic does not have this feature and lets the price be created freely in the market.
The biggest story of ZClassic right now is its next ANON fork. The currency will actually be a ZClassic / Bitcoin fork, taking ZClassic privacy elements (zkSNARKs) and combining them with Bitcoin's blockchain-based transaction technology. ANON was announced by John McAfee, a well-known crypto maverick who had previously hugely embraced another ZClassic fork, Bitcoin Private.
The ZClassic community does not love Bitcoin Private, as the price of the ZCL tokens has risen heavily before BTCP was transmitted to the owners and then crashed even louder when the air launch was completed. This has created negative feelings with some current and former members of the ZCL community, who believe that the price of the coin has been pumped and discharged thanks to the fork; naturally, they expect the same thing to happen with the next ANON. The fact that ANON will be distributed in 2 ANON for 1 ZCL, despite having a 1: 1 ratio with Bitcoin implies that there is an intentional effort to get people to buy more ZCLs and raise the price before the fork launches. [19659007ConquestoinmenteipreparativiperlaforcellaANONsonoapparentementeinpienosvolgimentoMcAfeehafattodelsuomegliopercommercializzarequestaimminentemonetaconfermandochecredenelteamchestadietroalprogettoepensachevisiaunanettanecessitàdiunavalutachemantengaletransazionidegliutentiprivateIlproblemaquièchementrequestanecessitàesistesicuramentelafornituraègiàstataabbastanzapienadiprogetticonsolidaticomeMonerooZcashTuttavialacommunitydiZClassicsupportaprincipalmenteilprossimoforkeANONsipreparaalanciareil10settembre th .
🏆Read here a comparison of the best coins for privacy .
Right now ANON is making the final touches before the launch. Testnet went live on August 10 th and it worked well. The Masternode requirements and the ANON report for ZCL owners have been set. They are looking for support from exchange platforms, with TradeSatoshi and Cryptopia confirming that they will support the launch so far. There was talk of Bitfinex as part of the supporting force, but nothing has yet materialized in that field. Support portfolios and potential future collaboration with a chain of cryptographic ATMs have also been announced.
Overall, this is the biggest thing that's happening right now with ZClassic. Will it actually be as big as they present it? The ANON fork looks like a Bitcoin Private 2.0, with almost the same characteristics as the original ZClassic fork. It also comes at a time when the private money market is already saturated. On the other hand, they have funding and have developers who seem willing to provide a solid product. They also have John McAfee's support, so take it for whatever you want. September 10 th will be the date when the situation around ZClassic and its impending fork will begin to become clearer.
Writers and authors of CaptainAltcoin posts may or may not have a personal interest in any of the mentioned projects and businesses. None of CaptainAltcoin's content is an investment advice nor a replacement for the recommendations of a certified financial planner.
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