Welcome. (Horizen) refers to a digital currency and blockchain project focused on privacy and scalability.
The previous name of the currency was ZenCash (ZenCash), and its symbol is ZEN.
Here is a summary of the key points about the Horizen project and its currency ZEN:
🌟 Project (Horizen)
Core focus: customizable privacy and scalability.
Objective: Provides an interoperability system for blockchains, supported by a wide decentralized infrastructure of nodes.
Core technology: Horizen uses a unique sidechain technology called Zendoo, which allows developers to build private or public blockchains with advanced privacy features.
Privacy: The project was among the cryptocurrencies focused on privacy and aims to provide privacy solutions for smart contracts and decentralized applications (dApps).
Recent developments: The project is currently undergoing significant development with the launch of Horizen 2.0, a next-generation application chain (Layer 3 appchain) deployed on the Base network (which is Layer 2 on Ethereum), aiming to focus on cryptocurrency trading and regulatory-compliant decentralized finance (DeFi) with privacy.
🪙 ZEN Currency
Token: ZEN
Type: It is the native token of the platform.
Usage: Used in governance, access to privacy services, and running interactions of zkApp (applications based on Zero-Knowledge Proofs).
Maximum supply: Like Bitcoin, the maximum supply of the ZEN currency is around 21 million coins.
Distribution: The currency was launched without an initial coin offering (ICO) or pre-mined supply.
