## Hello Steemians, ##

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In this __series of articles__ I want to put a spotlight on a __specific cryptocurrency__ and write about the details in all these aspects:

- __Aim of the currency__

- __Technical details__

- __Market position__ 

- __Forecast__



The cryptocurrency in focus currently will be one of the so called "private" coins. Coins that create the possibility to be more or less in private while doing transactions. How private you are is one of the main questions to be answered in this articles.


In this __3rd article__ of the series, the spotlight will be on __ZClassic__<br>
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<center><img src="https://image.ibb.co/kiUxcw/logo_light.png"/><br>
<a href="http://zclassic.org/">PictureSource</a></center>




### Aim of the Currency ###



What is this __currency about?__ What does it do differently than the rest?<br> Where is the __unique selling point__ and at what audience is this coin targeted.



All that questions and __more will be answered__ in the following paragraph.

Well if you remember the article I wrote about **ZCash** not that long ago you already know a lot about **ZClassic**. Because **ZClassic** is a fork of ZCash with not that much parameters changed. So just like the big brother it aims at **delivering privacy in transactions**, so you can send ZClassic encrypted over the internet without anyone knowing how many you sent to where. 
**ZClassic** also eliminates a few parts of ZCash that have been in the critics ever since ZCash was brought live.
We will see exactly what that is in the next chapter.




### Technical Details ###

One of the most important changes is that the **Founder's fee** that is active in ZCash is not active in **ZClassic** which in the end gives more Revenue to the miners. What also has been changed is the **Slow Start** mechanism that **ZCash featured** for the first 20000 Blocks which created artificial scarcity. 
They are really **relying on the community** to either **finance the development or contribute by themselves**.

__ZClassic as well bases on__ the code of __Bitcoin__, but with a lot of additions especially in the cryptography section.
So like Bitcoin and ZCash, **ZClassic** is __PoW (Proof-of-Work) Coin__, meaning that the new blocks are getting mined by using computational power. The mining uses an algorithm called __Equihash__, which is deemed __ASIC-Proof__ and can best be mined with modern GPUs (graphic processing units).
It is __still possible__ to have a __positive ROI__ when __mining ZClassic__, prices have gone up during the last month so please see for yourself on [Whattomine.com](www.whattomine.com).
It also shares the same __maximum amount of coins__, 21 Million ZClassic can be mined. 

The __main difference__ between **ZClassic and Bitcoin** is basically the __possibility__ to send or receive money in a __private__ way. This means that all of this transaction data is __stored encrypted__ on the blockchain, only readable by the sender and the receiver.


### Market Position ###

At the time of writing this article(12/04/2017) __ZClassic is placed 394th__ in __market capitalization,__ with the total value of 4.022.009 $. So this coin is quite low valued currently. The 24h Volume was $136.607 which is quite ok for a small coin.
Even though it is **quiet** around ZClassic the price in the last month has stabilized itself and is back to 2.20 Dollars.
This movement can be __clearly seen__ by taking a look at the 1-month chart.



<center><img src="https://image.ibb.co/hA6M4b/Zclassic.jpg"/>
<a href="http://www.coinmarketcap.com">GraphSource</a></center>
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If we are looking __back further__ we see that there are some heavy pumps going on especially at October 20th where the 24h volume suddenly was at 7 Million Dollar, but generally, the coin is somehow stabilizing.



<center><img src="https://image.ibb.co/b5NYHw/Zclassic3m.jpg"/>
<a href="http://www.coinmarketcap.com">GraphSource</a></center>



### Forecast ###

The idea of having **fast and private transactions** over the internet **is valid** and for sure has a lot of potential. Therefore it does not seem odd that we are having quite a lot of coins nowadays that have this possibility. **ZClassic** is absolutely interesting because its a coin that really relies on the people around it and is absolute community-based. At the same time, this can be seen as a drawback, because the team might not be as orchestrated as it should be. 
It all depends on the community and it has grown silent around the coin, the last tweet was somewhere in August.


### Conclusion ###


ZCash was the first cryptocurrency in which you are able to __hide transaction details__ and __encrypt the entries on the blockchain__. This is a huge advantage compared to Bitcoin, where all transaction details are stored readable on the blockchain.
**ZClassic** now is the open source brother to **ZCash** giving you more rewards because it cuts away the Founders Fee, but also comes with the problem of relying on the community.

If the community behind **ZClassic** can hold up the developments and is **stabilizing itself** we may see a lot more movements in the price.



Last but not least there are also __some drawbacks__ and they should not be unmentioned:

- PoW Coin, mining __can be seen as a waste of energy__.

- Development relying on the community, last entries in ANN show some concerns.

- __Privacy of transaction__ has been also viewed with __criticism__.

<center>Authored by: @jedigeiss</center>
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<center>![](https://image.ibb.co/cH49mR/disclaimer.png)</center>
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