ZClassic ZCL to Ulord UT Exchange

Crypto Pair Details: ZCL to UT

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.

Ulord UT

Ulord is a peer-to-peer value transfer public blockchain. Through building its blockchain underlying architecture and digital resource distribution protocols, it enables third-party developers to explore their own applications over open-source agreements to form a complete ecology of blockchain technology and applications. Based on various rules and protocols created by Ulord, it loads various types of digital resource application scenarios including text, pictures, music, video and software, providing a direct docking platform for information creators and consumers. Ulord Foundation, registered in Singapore, is the main operator of the Ulord project. It is determined to use the blockchain technology to create a new digital resource interaction platform. Ulord Foundation will standardize and manage the technology development, application docking, promotion and other related work of the Ulord Project. Ulord team brings together a large number of high-level R & D personnel led by more than 10 PhDs, with comprehensive blockchain technology application development capabilities. More than 50 excellent programmers and algorithm engineers in the technology development team have backgrounds in areas such as blockchain, cryptography, Internet information security, big data, cloud computing, artificial intelligence, finance, and management. There are senior scientists in cryptography and blockchain, and specialized blockchain project investors. In addition, Ulord team also maintains close cooperation with research institutes such as Windsor University in Canada, National University of Defense Technology, Wuhan University, Beihang University, Chinese Academy of Sciences and South China University of Technology, etc.

SOURCE: COINGECKO

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