BitCrystals BCY to ZClassic ZCL Exchange

Crypto Pair Details: BCY to ZCL

BitCrystals BCY

BitCrystals are Counterparty assets which acts as game currency for EverdreamSoft’s upcoming mobile game Spells of Genesis (SoG) and trading card game Moonga. BitCrystals come about because the game creators believe that players should be able to keep their game assets outside the control of game developers' databases and like a normal economy, allow for free trade of the virtual goods. There was a crowdsale of the BitCrystals token where 70% of the 100 million total tokens were made available for purchase. The remaining 30% were given to early supporters and contributors. All unsold BitCrystals were burned on October 2015. A total of 974.13 BTC was raised during the crowdsale.

ZClassic ZCL

Zclassic is a fork of Zcash founded by Rhett Creighton but with the 20% founders’ reward and slow start removed. Miners are simply earning their fair reward, we believe they deserve it, and the coin development can be supported by the community. ZCL also differs from ZEC by removing the slow start (source), we are not trying to deliberately engineer scarcity: The Market decides the price. We are using the same parameters which were produced in the now famous secure 'trusted setup meeting' (source) where Peter Todd participated, and he confirmed to us (source) they are safe to use. If just one of the participants kept their key secret and destroyed it, the whole system is secure. Zcash is a cryptocurrency run by the Zero Coin Inc. In order to fund their operations, a 20% mining “Founder’s Reward” is included. Every block, in order to maintain consensus, miners running the Zcash code send 20% of their newly mined rewards to an address controlled by the Zero Coin Inc. Because the Zcash source code is open source, Zclassic simply removes the 20% Founder’s Reward. This gives people the option to mine a blockchain using the same technology of Zcash, but without paying the 20% Founder’s Reward. The mission of Zclassic is to stay as similar to Zcash from a technology perspective, but to never take any pre-mine, founder’s-reward or any other kind of fee that goes to a small group of individuals with special permissions whether elected, appointed, or otherwise.

SOURCE: COINGECKO

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