Zclassic Community Status Update June 20, 2019

Zclassic Community Status Update June 20, 2019

Business Crypto Market
September 16, 2019 by admin
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zclassic community update

On Feb, 5th it was publicly disclosed that the Zcash code contained a severe vulnerability which permitted infinite counterfeiting.

On Feb 7th, “Skellers21” merged a commit into a new Zclassic Community repository which took the latest Zcash code “Sapling” and simply removed the Founder’s Reward. This was reviewed and is considered as the safest way to upgrade and fix any vulnerabilities in the Zclassic Code, while staying true to the original mission described in the whitepaper.

remove founders reward by Skellers21 · Pull Request #1 · ZclassicCommunity/zclassic
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The latest commit was made on April 6 by “Skellers21”, which was reviewed by the community to sync to version 2.0.4.

Merge pull request #18 from ZclassicCommunity/v2.0.4 · ZclassicCommunity/zclassic@097e5fd
ZClassic. Contribute to ZclassicCommunity/zclassic development by creating an account on GitHub.
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All major exchanges and mining pools were alerted and upgraded to the latest code.

The previous and deprecated Zclassic Repository was owned by a member of the Zclassic Community, Nimbosa, who stopped communicating with the rest of the Zclassic Community since before the Zcash vulnerability was released.

Therefore, it is important that anyone looking to run a node that synchronizes to the current network with security updates synchronizes to the repository at: https://github.com/ZclassicCommunity/

Future Planned Development Roadmap

The current development team is focusing on 2 major issues at the moment

  1. Code Audit to ensure that no inflation or other vulnerabilities exist in the latest version of the Zclassic full node software run by exchanges and miners.
  2. Blockchain Audit to ensure that no one executed the inflation vulnerability while it existed and was publicly known.

After these issues are completed, a report will be disclosed to the public.

Latest Zclassic Code Release

https://github.com/ZclassicCommunity/zclassic

Latest Electrum Release

ZclassicCommunity/electrum-zclassic
New electrum for Sapling. Contribute to ZclassicCommunity/electrum-zclassic development by creating an account on…
github.com

How to Contribute

Bug Reports, Code Reviews, Questions, and Comments are welcome and can be submitted as issues on Github, or reach out on Twitter.

Brief History: What is Zclassic?

Zclassic is a fork of the Zcash code which removed the 20% Founder’s Reward that exists in Zcash. As described in the whitepaper:

“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.”

Has Zclassic Ever Forked?

Yes. There have been 3 notable hard forks of the Zclassic chain so far including Zencash (rebranded to Horizen), Bitcoin Private, and Anonymous Coin.

Will There Be More Forks?

The Zclassic Community is committed to the mission as described by the whitepaper. There are no planned upcoming hardforks. As a permission-less and open protocol, anyone is free to create their own fork of the chain in the future. However, such actions often can split a community and be destructive and are therefore generally discouraged. Forks should be a weapon only used as a last resort.

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