Horizen.io is an interoperable blockchain system, supported by a decentralized node infrastructure. Its sidechain platform focuses on scalable data privacy, and as such enables businesses as well as developers to build private or public blockchains using the unique sidechain technology known as Zendoo.
Horizen.io launched in May of 2017 and strives to ensure data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized, fully customizable with privacy features and supports low costs associated with building blockchains with configurable revenue models and unlimited number of tokens and digital assets.
Horizen is the most secure interoperable blockchain ecosystem supported by the largest and most decentralized node infrastructure in the industry. Horizen’s sidechain platform focuses on scalable data privacy and enables businesses and developers to custom build their own public or private blockchains using its unique sidechain technology, Zendoo.
What Makes Horizen Unique?
Horizen uses a sidechain architecture that can open up a myriad of potential real-world use cases. This cross-chain transfer protocol allows for decentralized sidechains. These are separate blockchains that are pegged to the parent blockchain that can run simultaneously.
Horizen has a mission of empowering people and bringing them closer together through the process of building an inclusive ecosystem where everyone can be rewarded for their contribution. Zendoo is the decentralized and customizable sidechain solution used to overcome current limitations regarding scalability and extensibility in blockchain. It is a parallel platform with enhanced features that enables the deployment of public or private blockchains at scale, and the SDK provides the components required to build a decentralized blockchain.
The live Horizen price today is $45.98 USD with a 24-hour trading volume of $32,928,822 USD. Horizen is down 5.78% in the last 24 hours. The current CoinMarketCap ranking is #102, with a live market cap of $499,170,601 USD. It has a circulating supply of 10,856,831 ZEN coins and a max. supply of 21,000,000 ZEN coins.
The most Secure Ecosystem of Interoperable Blockchains
The Largest and Most Decentralized
Horizen’s robust multi-tiered node system with 40,000+ fully distributed nodes ensures the maximum security, reliability and speed of the network.
MainchainHorizen’s PoW mainchain maximizes security and distributes Horizen’s native token, ZEN, throughout the ecosystem.
SidechainsBespoke PoS sidechains can manage thousands of transactions per second at ultra low costs without compromising security.
51% AttacksHorizen is protected by the improved Nakamono consensus with a penalty mechainsm that provides protection against 51% attacks.
EncryptionHorizen is the first network enhanced with TLS end-to-end encryption between nodes for maximum security
How Many Horizen (ZEN) Coins Are There in Circulation?
Horizen has a large network with a multi-tiered node system. The operators receive 20% of the total block subsidy, and the dispersed node network provides a large infrastructure to operate an ecosystem of both applications and sidechains.
When it comes to mining ZEN, it is an ASIC-mineable cryptocurrency that employs the Equihash algorithm. Block rewards 60% miners, 20% treasury and 20% nodes.
How Is the Horizen Network Secured?
ZEN uses the Equihash consensus algorithm. As such, Horizen can support ASIC mining.
ZEN uses secure nodes, which are crucial to the Horizen network. Secure nodes serve a unique purpose, and they have a TLS encryption that can enable secure inter-node communication.
Horizen is also a Zcash fork, and as such it inherits the Zcash privacy technology, gaining shielded transactions that can mask the sender, recipient and value transacted. Zk-SNARKs are the core of these transactions and are developed by the Zcash team as a form of zero-knowledge cryptography.
Where Can You Buy Horizen (ZEN)?
Horizen (ZEN) can be purchased, sold and traded at major cryptocurrency exchanges such as:
Equipped with zk-SNARKs for elective privacy.
Powered by the largest and most decentralized node infrastructure in the industry.
Protected against 51% attacks by enhanced consensus, multipchain block notarization, TLS end-to-end encrytion.