Big News – Chain Split from Zclassic Now at Block 110,000
Last night, as our ZenCash developers were getting close to having the launch version of the ZenCash node software available for download and testing, and as they were talking through the exact process for the launch, they realized there were things they could do to reduce risk on launch day.
After having a discussion, the ZenCash core team decided to spread out the launch process over 1 week.
This is a change!
Previously we had said any Zclassic you held up until launch on May 23 would be converted 1 for 1 into ZenCash. Now it is only Zclassic up to and including Zclassic block 110,000.
We are still going to launch ZenCash on May 23 – we are inserting a one week pause to get everything ready. This will make the launch go much more smoothly. And because it gives our exchange and mining pool partners time to stage their servers, prepare the ZenCash block chain for launch, and test their systems, it means the process is going to be better for everyone.
We just have to spread the word that any Zclassic you purchase after block 110,000 will not get you any ZenCash.
After the blockchain split, Zclassic will continue as before. It is a great community version of Zcash, there are active developers, and it will continue to be a viable cryptocurrency.
On May 23, we are going to launch ZenCash. That means there will be a period of about 1 week you will have to wait, from block 110,000 on the Zclassic blockchain, until the ZenCash block 110,001 starts at the launch.
We’ve anticipated some questions you may have:
Question: What is the current block?
Answer: Look here at the Zclassic block explorer. Right now it is about block 104,800
Question: When will block 110,000 happen?
Answer: Should be sometime on Thursday May 18 ~14:10 UTC (18:10 EDT). There are usually 24 blocks per hour, or one block mined every 2.5 minutes. To be safe, keep an eye on the current block in a Zclassic block explorer!
Zen is a system of products, services, and businesses built around an enabling technology stack employing zero-knowledge proofs and a core set of beliefs.
As a distributed blockchain system leveraging the latest censorship-evading techniques, fully encrypted communications, and a social and governance model designed for long term viability, Zen will contribute to the human right to privacy and provide the necessary networking infrastructure for people to securely collaborate within a borderless ecosystem.
The launch of ZenCash will take place on May 23rd in New York City to correspond with CoinDesk’s Consensus event.
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Also published on Medium.