About ZClassic
Technology and Features
Zero-knowledge proving scheme is a decentralized and open-source technology that offers privacy and selective transparency of transactions.
Zclassic is a fork of Zcash: decided to take another path by removing the 20% fee. 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.
Security and Trusted Setup
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.