Horizen, a privacy-focused blockchain, excels in scalability and innovation with its unique Zendoo sidechain solution since 2017. More
| Fully Diluted Valuation | $204.02M |
|---|---|
| 24H Trading Volume | $109.26M |
| 24H Low / High | $9.36 / $ 11.26 |
| Circulating Supply | 17.43M |
| Total Supply | 21.00M |
| Max Supply | 21.00M |
| Categories | Zero Knowledge (ZK) 2 more |
|---|---|
| Founder | Rob Viglione 1 more |
| Website | eon.horizen.io |
| Socials | 11 more |
| Chains | Base Ecosystem |
| Explorer | Basescan 4 more |
| Contracts |
0xf43....79229
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| Name | Pair | OG Score |
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Horizen, initially launched as ZenCash in May 2017 and rebranded in August 2018, stands out in the blockchain ecosystem for its strong emphasis on privacy and scalability. At its core, Horizen is a blockchain platform designed to offer businesses and developers the flexibility to create both public and private blockchains and decentralized applications. This is facilitated through its innovative sidechain solution, Zendoo, which is a verifiable cross-chain transfer protocol. Zendoo not only enhances scalability but also maintains the integrity of communications with its zero-knowledge proof protocol (zk-SNARK), ensuring secure and private interactions within the network.
What truly sets Horizen apart is its unique multi-tiered node network, which includes Regular Full Nodes, Secure Nodes with special encryption for secure communications, and Super Nodes that are more powerful and host Horizen sidechains. This diversified node structure contributes to Horizen's claim to fame as having the highest number of active nodes in the industry, surpassing 40,000, which eclipses giants like Bitcoin and Ethereum in node count. Moreover, the network's consensus mechanism blends proof-of-work (POW) and proof-of-stake (POS), where miners and validators are both rewarded, thereby encouraging participation and security.
Not just a technological marvel, Horizen is also a leader in decentralization and blockchain interoperability. It supports up to 10,000 sidechains with a staggering throughput limit of 10,000,000 transactions per second (TPS), addressing the industry's scalability challenges. Horizen's native cryptocurrency, ZEN, mirrors Bitcoin’s total supply limit of 21 million and undergoes periodic halving events. The Horizen ecosystem, including its decentralized autonomous organization (DAO), further reinforces its commitment to community-driven growth and transparent governance. With its blend of technological sophistication, a massive node network, and a focus on privacy and scalability, Horizen represents a significant leap forward in the blockchain domain, continuously evolving since its inception in 2017.
Horizen distinguishes itself with a focus on privacy and scalability, offering a unique multi-tiered node network and the Zendoo sidechain solution.
Horizen was co-founded by Rob Viglione and Rolf Versluis.
Horizen has attracted interest from prominent investors like Grayscale and Digital Currency Group (DCG), who have invested in the platform and its cryptocurrency, ZEN.
Horizen employs a hybrid consensus mechanism combining proof-of-work (POW) for its mainchain and proof-of-stake (POS) for its sidechains.
You can buy Horizen (ZEN) on Binance, MEXC, BitgetBybitCoinbase cryptocurrency exchanges.
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