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.

$ZEN ZEN, the grandson of ZEC. LSTT0111ZEN, forked from Zcash's forked coin Zclassic, is the grandson of ZEC. Personally, I think ZEN is too general and does not have its own unique technology. 1. The younger generation of the ZEC family. ZEC has the most powerful technology in anonymous coins, zero-knowledge proof, and many projects have emerged to apply and improve zero-knowledge proof, such as Komodo KMD, which combines the security of ZEC zero-knowledge proof and BTC, and has a good degree of innovation; XZC has transformed the zero-knowledge proof, and the zero-coin protocol formed has better anonymity; while applying zero-knowledge proof, SERO introduces Turing-complete smart contracts, which is the only anonymous coin that uses smart contracts; ARPA introduces privacy computing when applying zero-knowledge proof; ZEL is even more powerful, similar to "BTC+ZEC+ETH", Bitcoin has security, ETH also has smart contracts, and the currency circle expert Zhao Changpeng also highly praised it. 1. ZEN has been forking and forking again and again, without any special features. 2. There is no solid technical innovation. As the grandson of ZEC (fork route: Zcash-Zclassic-Zencash), ZEN has no outstanding technical innovation. It mainly has some improvements in trivial matters such as miners' interests and financing models, and cannot be compared with the three major anonymous coins XMR, DASH, and ZEC. Gusu's comments on the prospects of ZEN coin that year Zen should be regarded as an improved coin. It was born out of Zencash and has inherited excellent privacy protection technology. At the same time, it improves the distribution of inflationary currency. One part is allocated to Zen nodes as a reward for nodes, and the other part is allocated to miners. This greatly increases the number of Zen nodes and ensures the stability of Zen's network. Of course, this also leads to many nodes being concentrated on cloud servers, which increases uncertainty. In addition to its own cryptocurrency function, Zen has also developed chat functions, private chat, and incognito browsing website functions, etc., and the exchanges online are all very good, which is worth looking forward to. Bitcoin 99 Degrees' comments on the prospects of ZEN coin Another anonymous currency, forked from Zclassic, a fork of Zcash, mainly improves the income distribution between miners and nodes, and then improves end-to-end transmission encryption, and then creates a public chain-like function based on the payment function, which can build DAPP and smart contracts based on anonymous privacy, which is quite innovative. It can encrypt the data of DAPP. After being attacked by double-spending in the early days, it has now added an algorithm to resist 51% attacks, and the number of global nodes has surpassed Bitcoin. At present, the encrypted communication network ZENchat has been developed, and the planned ZENpub and ZENhide are still under development. On the whole, it is a more imaginative project with many advantages. It can be given 6 points at present, and focus on subsequent progress Hei Luo's comments on the prospects of ZEN coin ZenCash is the first anonymous digital currency with full end-to-end encryption at the node and relay node layers.Zen uses an end-to-end encryption system with zero-knowledge technology to provide strict security and privacy protection for the transmission and storage of communications, data and value. Combined with revolutionary technology, Zen integrates three functions that traditionally operate independently: transactions, communications and competitive governance, thereby accelerating innovation. With the help of many secure nodes distributed around the world, Zen has an unbreakable distributed network. ZenCash has been renamed Horizen. 100% of all circulation. Heavy rain will stagnate. Comments on the prospects of ZEN coins. Anonymous coins are still very complicated to see when they were born. The fork route: Zcash-Zclassic-Zencash, mainly because of the problem of financing methods. Compared with the three, Zencash may be more balanced, protecting the interests of miners and having funds for development and operation. For anonymous coins, the old view is still true: it is a niche route and it is difficult to go mainstream. For Zencash, compared with similar projects, its popularity and community consensus cannot catch up with XMR, XZC, Zcash, etc., and its development strength is not outstanding. In addition, there are not many application scenarios to accept it, and its overall performance is average. For investment, it is recommended to choose other anonymous coins that have time to settle and fans. Zen can only be used for short-term gambling. Full circulation changes the incentive method, which means that all the chips in hand are released, and innovation is indispensable. Then the technical difficulties are huge challenges for the team. The community members are not united. Some exchanges have removed ZEN and do not plan to re-list it. Everyone should be cautious. If the project development progress is slightly slow or deviated, it is likely to be collectively removed. Because it is an old project, many community members have been lost, and the whales are old. There are no fresh community members. Be cautious and considerate. Encourage each other.