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Horizen (ZEN)

$82.760 -0.91%
Rank

#85

Market Cap

$920,425,274.00

Volume

$46,726,266.00

24h High / 24h Low

$87.110 / $81.750

24h 7D 1M 1Y MAX
Mining Rate: 53.31%
Circulating Supply: 11,195,862.50
Total Supply: 21,000,000.00

What is Horizen (ZEN)

Horizen defines itself as a distributed blockchain platform enabling truly decentralized applications. Per its white paper, the system is composed of the main Horizen blockchain and its well established tradable ZEN token, a core protocol that behaves as a simple ‘truth engine’, and decoupled sidechains that are fully generalizable in consensus and any other design characteristics.

Horizen supposedly builds a fair and inclusive ecosystem where everyone is empowered and rewarded for their contributions. The platform’s governance model aims to create a sustainable ecosystem. Newly created tokens’ 60% is for miners, %20 is for treasury, 10% is for secure node operators, and 10% is for super node operators.

The project’s website states that Horizen is equipped with zkSNARK technology and a decentralized multi tiered node architecture in order to achieve privacy. ‘Horizen is built from a community with a strong ethos of privacy being a natural right’, its white paper states.

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