Horizen is a blockchain platform that focuses on privacy, scalability, and security, utilizing zero-knowledge (ZK) technology to support decentralized applications (dApps). Launched in 2017, Horizen operates as an Ethereum Virtual Machine (EVM)-compatible network, making it a versatile choice for developers. Its ecosystem is optimized for ZK-based use cases, such as decentralized finance (DeFi), identity verification, and gaming. ZEN, the native cryptocurrency of Horizen, plays a critical role in powering the network and facilitating governance through the Horizen Decentralized Autonomous Organization (DAO).
Horizen operates on a Layer 1 blockchain architecture designed for efficiency and modularity. It integrates zkVerify, a solution for proof verification that reduces costs and enhances performance. Developers can utilize precompiled contracts for ZK proof verification, simplifying the creation of private and secure dApps. The network leverages the Substrate framework, which divides the system into two main components: the Core Client for network activity and the WebAssembly (Wasm) Runtime for state transitions. This structure enables Horizen to support a variety of use cases, from private financial transactions to secure supply chain management.
Horizen was co-founded by Dr. Rob Viglione, Rolf Versluis, and Jane Lippencott.
ZEN, the native token of the Horizen ecosystem, is available on various exchanges. It has a maximum supply of 21million tokens.
Consider investing in Horizen (ZEN)? Follow these steps:
1. Create an account on Bitget .
2. Verify your identity.
3. Deposit funds.
4. Check out the available ZEN trading pairs on Bitget.
Determining whether Horizen is a good investment depends on various factors, including market conditions and individual investment goals. As the native token of a privacy-focused blockchain, ZEN offers utility in staking, transaction fees, and governance within the Horizen ecosystem. Its fixed supply of 21 million tokens adds an element of scarcity, similar to Bitcoin. However, potential investors should carefully evaluate the risks associated with cryptocurrency investments, including market volatility and regulatory developments, before deciding to invest in ZEN.
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