With ZCash having such a large funding from the founder's reward for marketing and development, why try running a "community" funded coin?
What makes Zencash have a better chance and standout from the rest of the crowd of privacy coins?
Monero as a community funded coin is a huge exception due to the innovative technology behind it, but I really want to know what Zencash wants to do differently.
This isn't a troll post, but more of a genuine question to ask. Thank you.
This is very good question. Current difference in ZCash vs ZenCash technology is those 2 major things. What is the strategy after 23May? Time after time do same incremental changes than ZCash but with own "Zen flavour"? Or take completely different path aiming where? Is there any concrete example we can chew on what can we expect from Zen?
On May 23rd, the Zclassic network will execute a purposeful divergence into two blockchains; Zclassic and the newly formed Zen network. Zclassic will retain its original functionality and feature set but the Zen network will be adapted to include segregated witness (segwit) support and additional cryptographic technologies.
It's not correct, on May 23 will be public launch of ZEN and somewhere on 29 April ZCL will be forked in ZCL and ZEN.
From OP:
Anyone who holds Zclassic prior to block 100,000 (somewhere around April 29, 2017) will be given a 1:1 credit of Zen. This is a result of the Zen genesis originating from the Zclassic blockchain.
Zen will have a public launch event in NYC on May 23rd, 2017 to coincide with Consensus 2017. More details will be released soon.
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BTW, somewhere in the thread I saw a fork date was 23 or 24 of April, so can someone clarify it?
This information is incorrect. There is nothing happening at block 100,000.
There is still time for all the details and specifics for anyone who is interested. Thank you to everyone who is telling the zencash team what to do - all suggestions are helpful and appreciated by the team.
Zen will not split or fork from zclassic until May 23. There will be more information and details coming out in the next few weeks, and there is a lot of work being done behind the scenes. We are not asking for anyone to join an ICO, not asking for any funds or investment, just letting you all know what we are doing.
We would still love to have people help and contribute to the project. Look at the official sites of
https://zencash.io,
https://wiki.zencash.io,
https://blog.zencash.io, and join the slack and ask questions at
https://slackinvite.zencash.io/