Horizen (formerly ZenCash) is a privacy-focused cryptocurrency platform that aims to provide secure and private transactions, messaging, and publishing using blockchain technology. The ZEN token serves as the native cryptocurrency of the Horizen ecosystem.
Key features of Horizen and the ZEN token include:
1. Privacy: Horizen employs zero-knowledge proofs and advanced cryptographic techniques to ensure privacy and anonymity for its users. Transactions on the Horizen blockchain can be shielded, providing enhanced privacy compared to traditional cryptocurrencies like Bitcoin.
2. Decentralization: Horizen operates on a decentralized network of nodes, allowing anyone to participate in securing the network, validating transactions, and earning rewards in ZEN tokens.
3. Sidechains and Scalability: Horizen implements sidechains to enable scalability and flexibility within the ecosystem. Sidechains allow for the development of custom applications and use cases while still benefiting from the security of the main Horizen blockchain.
4. Governance: ZEN token holders have the opportunity to participate in the governance of the Horizen ecosystem. Through a voting mechanism, ZEN holders can propose and vote on protocol upgrades, funding proposals, and other important decisions affecting the platform.
It's worth noting that there may be other tokens or projects using the name "ZEN" in the cryptocurrency space, so it's essential to verify specific details and context when referring to ZEN tokens.
