🔒🚫 Horizen announces: ZEN is no longer a privacy coin 🚫🔒
Horizen posted a message on social media announcing that ZEN is no longer a privacy coin. The project has submitted a new proposal for ZenIP 42207, which plans to completely remove shielded pools from the main chain, disable shielded transactions and deactivate all functions of related addresses. Before the ZEND 4.2.0 hard fork, users have time to move assets out of the shielded pool.
📅 Time node: In cooperation with the Horizen DAO Special Committee, it is planned to vote on the ZenIP 42207 proposal before January 8. This change means that Horizen will focus more on transparency and openness than privacy features in the future.
💼 User operation suggestions: If you are a Horizen user, please pay close attention to the guidelines issued by the project team and move assets out of the shielded pool in a timely manner to ensure that you will not be affected by the deactivation of related functions. The project encourages users to take appropriate actions before the hard fork.
🔍 Industry Impact: This decision triggered a discussion about the future development direction of privacy coins. Horizen’s move could herald an industry-wide push for transparency and compliance.
