In the second half of 2020, the crypto market ushered in a long bull market. Since institutions led by Grayscale played a key role in promoting this round of market, the market also called this round of bull market "Grayscale Bull" and "Institutional Bull". Many investors began to study the holdings of various institutions to peek into the code of wealth. After studying Grayscale's holdings, Odaily Planet Daily found that Grayscale Fund currently holds 13 cryptocurrencies, involving multiple sub-tracks such as privacy, distributed storage, oracles, NFTs, and the selected projects are all leaders in each track. What is more special is that in the privacy track, Grayscale chose a niche project that is not well known to Chinese users: Horizen (ZEN) Horizen goes beyond the simple use cases of P2P cryptocurrencies such as Bitcoin and Zcash, and unleashes the power of privacy technology in an interconnected distributed application network. "Grayscale officials said so in the research report. Judging from the data, Grayscale's vision is indeed unique. In the past 12 months, the Grayscale Horizen Trust has achieved a return of 2381%. It ranks first among 13 trusts, far exceeding the second-ranked Ethereum Trust (1519%). In the past three months, Grayscale has also continued to increase its holdings in Horizen (ZEN), with an increase of more than 30%. As early as August 2018, when ZEN's market value ranking in the cryptocurrency market was still outside the top 150, the Grayscale Fund released a research report on Horizen and launched the Horizen (ZEN) Trust.
"Horizen goes beyond the simple use cases of P2P cryptocurrencies such as Bitcoin and Zcash to unleash the power of privacy technology in an interconnected network of distributed applications. Combining a unique technical architecture, innovative infrastructure, incentives, and Bitcoin-like monetary economics, Horizen can enable the creation of real-world blockchain applications with optional privacy," Grayscale officials said in the research report.
Today, Grayscale's holdings have decreased, and community members have left and quit. Privacy tokens face regulatory pressure, and the road to transformation is long, and it will take a long time to be recognized. From a technical perspective, Horizen was born in May 2017 and was originally named "ZenCash". The core team proposed the slogan "Bringing privacy to life" and focused on solving the problem of the ownership of Internet privacy data. After only half a year of development, as of the beginning of 2018, the number of ZenCash nodes in the entire network exceeded the sum of Bitcoin + Ethereum. At that time, many projects focusing on privacy applications were also born on ZenCash:
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