Re: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax
Don't buy this shit.... miners will dump all their coins and reward increase all the time, so basically you are fucked when you buy it... Don't get fooled. Pure scam.
Reward increase
Taken from https://z.cash/blog/slow-start-and-mining-ecosystem.html
Quote
In order to give the network and its development some breathing room, Zcash is implementing a slow-start mechanism for the first 20,000 blocks (or about 34 days). In the event of a major bug or security vulnerability in the protocol, the slow-start will minimize the impact as initially, the block reward will be a fraction of the eventual 12.5 ZEC that will be created for each block for the first 850,000 blocks - at which point, the block reward halves.
The Difference between ZClassic and ZCash besides the 20% fee is that there was never a Slow Start for the first month, and since the beginning is fixed at 12.5 ZClassic Coins per Block.
Do you need a drawing to understand further ?