Those who often pay attention to me know that during the golden September and silver October, while everyone was bearish, I firmly remained bullish. The bottom recommendation of Zen at 7 dollars can be seen in my past public strategies; those bottom recommendations have multiplied several times. Dydx and Zen, Zen is Grayscale's favorite child. In the blockchain ecosystem, Horizen (ZEN) has become a highly regarded project due to its unique architectural design and strong technical support. This article will analyze from a professional perspective the division of labor between Horizen's main chain and side chains, as well as its token economics and practical application cases to help readers fully understand this innovative platform.
Overview of the Main Chain: Horizen's main chain integrates various advanced technologies, including Proof of Work (POW), Zero-Knowledge Proofs (Zk-SNARK), anti-51% attack mechanisms, smart contracts (for side chain integration), decentralized autonomous organizations (DAO), and a vast network composed of over 42,000 nodes. The main chain's core goal is to provide a simple and secure P2P value transfer and storage layer, utilizing the native token ZEN to serve the Horizen ecosystem and provide the necessary infrastructure support for side chain operations. The main chain's key functions include: - Secure Value Transfer: Ensuring the security and reliability of P2P transactions. - Native Token ZEN: Serving as the core of the ecosystem, supporting various services and operations. - Infrastructure Support: Providing a solid technical foundation for the development of side chains. Side Chain: The Infinitely Scalable Zendoo: Horizen's side chain architecture is called Zendoo, which boasts high scalability and flexibility. Each side chain has its own independent consensus mechanism, encryption algorithms, logic, and data rules, ensuring its autonomy and security. Efficient cross-chain transfer of ZEN coins can be achieved between the main chain and side chains, addressing the scalability issue of blockchain. Advantages of Side Chains: - Highly Decentralized: Independent consensus mechanisms and encryption algorithms. - Developer Friendly: Provides the ZEN side chain software development kit (SDK), simplifying the development process. Developers do not need to build a blockchain from scratch and can focus on application logic and data. Built-in zero-knowledge encryption tools are especially suitable for industries requiring strict privacy protection, such as healthcare and consumer data. ZEN Token Economics: The total supply of ZEN tokens is the same as Bitcoin, at 21 million, halving every four years. No longer a privacy coin is a great benefit; one can gradually build a position below ten dollars.
