ZCL coin will go through a relaunch for its mainnet after a hard fork led to its crash last year. The new technology will protect it from the attacks on blockchain and rewriting history. ZClassic emerged in 2016 as a fork of privacy-focused ZCash (ZEC) with no “founders tax.”
🆕 New ZClassic $ZCL event!
06 September 2019
— CoinMarketCal Bot (@cmcal_bot) August 17, 2019
In 2018 when the hard fork took place, a snapshot of all existing ZCL and BTC holdings occurred. Anyone holding ZCL or BTC in a wallet or supported exchange was credited Bitcoin Private (BTCP) at a 1:1 ratio. This event spiked the price of ZCL to new heights before it crashed down and lost 99% of its price.
Earlier in July ZCL got delisted from Bittrex which led to the crash in its price. Currently, the coin is being traded at its all-time low $ 0.38. ZCL is looking to restart the project from scratch by inviting miners and node operators to rebuild the network.
The new version will be supported on Dorbi exchange, and the exchange will also lower the required number of confirmations for a transaction.