Horizen (ZEN) is a blockchain ecosystem that allows businesses and developers to create their own public or private blockchains and decentralized applications (dApps) on its distributed network.
With a focus on privacy and scalability through sidechains, Horizen employs Zendoo, a verified cross-transfer protocol, as a sidechain solution.
Main features:
Privacy and scalability: Horizen uses zero-knowledge proofs (zk-SNARK) to provide secure communications with sidechains, ensuring transaction privacy and network scalability.
Multi-chain architecture: The platform allows for the creation of multiple sidechains that can operate independently, offering flexibility and customization for various applications and use cases.
ZEN Token: ZEN is the native cryptocurrency of the Horizen ecosystem, used for operations on the decentralized platform, including payment of transaction fees and participation in network governance.
Utilities:
Payments and fees: ZEN is used to pay transaction fees within the Horizen network, facilitating efficient and secure operations.
Participation in governance: ZEN holders can participate in decision-making regarding updates and improvements to the protocol, promoting community-driven and decentralized management.
White paper:
Horizen has published a whitepaper on its official website detailing its architecture, incentive mechanisms, and governance strategies.
This document provides an in-depth view of how the platform works and its long-term goals.
Annual price evolution of Horizen (ZEN):
This is a list with the approximate price of ZEN at the end of each year since its launch:
2017: $15.00
2018: $10.00
2019: $5.00
2020: $10.00
2021: $50.00
2022: $20.00
2023: $25.00
2024: $26.48 (as of December 21)
* Horizen offers a robust platform for the development of decentralized applications with a focus on privacy and scalability.
Its multi-chain architecture and the use of zero-knowledge proofs provide a solid foundation for a wide range of applications *
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