What is Horizen (ZEN)?
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Horizen (ZEN) |
What is Horizen (ZEN)?
Horizen is a interoperable blockchain system. Backed by a decentralized node infrastructure, the sidechain platform focuses on scalable data privacy. And thereby enabling businesses and developers to build private or public blockchains using the unique sidechain technology known as Zendoo.
Horizen was launched in May 2017 and is committed to ensuring data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized. Fully customizable with privacy features And it supports the low cost associated with building a blockchain with configurable revenue models. and unlimited number of tokens and digital assets
Who is the founder of Horizen?
Horizen's founders are Robert Viglione and Rolf Versluis.
Robert Viglione is the co-founder and CEO of Horizen Labs, as well as co-founder and chairman of the Zen Blockchain Foundation. He is a PhD candidate in finance at the University of South Carolina. and works as an Operations Research Analyst at Lanmark Technology. He also works as an Advanced Analyst at Tecolot Research and as a Program Manager at the US Air Force.
Rolf Versluis is the co-founder and executive advisor of the Zen Blockchain Foundation. He is a business owner with experience in the IT industry and a mid-sized mining owner. Rolf has previously worked at Cisco Systems. semiconductor industry and as a nuclear clearance officer in the U.S. Submarine Force.
Jane Lippencott is a member of the founding team and co-author of the original white paper. She is now a Fellow at Winklevoss Capital . She is also a VC Cohort member at All Rise 2021 and an advisor at Teller Finance. Jane is also an advisor at the Open Web Collective and an advisor at Celo and the Katapult Accelerator. She is a contributor. At Nakamoto.com, she works as an advisor at Blockchain for Social Impact Coalition (BSIC), an advisor at dLab, and an advisor at Ethereum Classic Labs, an advisor at Unbounded Capital, an advisor at Techstars, and a board member at Cord.
What makes Horizen unique?
Horizen uses a sidechain architecture that can open up many possible real-world use cases. This cross-chain transfer protocol allows decentralized sidechains. These are separate blockchains tied to the main blockchain that can run concurrently.
Horizen's mission is to empower people and bring them closer together through the process of creating a comprehensive ecosystem where everyone can be rewarded for their contributions. Zendoo is a sidechain solution. Decentralized and customizable It is used to overcome the current limitations on scalability and scalability in the blockchain. It is a parallel platform with enhanced features that allows for the widespread deployment of public or private blockchains, and the SDK provides the necessary components to build a decentralized blockchain.
ZEN is the original cryptocurrency for the Horizen ecosystem.
How many Horizen (ZEN) coins are in circulation?
Horizen has a large network with a multi-layered node system. The provider will receive 20% of the total block subsidy. And a distributed node network provides a massive infrastructure to run both application and sidechain ecosystems.
When it comes to mining ZEN, it is a minable ASIC crypto that uses Equihash algorithm. The block rewards 60% miners, 20% treasury, and 20% nodes.
How secure is the Horizen network?
ZEN uses the Equihash consensus algorithm, thus Horizen can support ASIC mining.
ZEN uses secure nodes. This is essential to the Horizen network . Secure nodes have a specific purpose. And it has TLS encryption that can enable secure communication between nodes.
Horizen is also a Zcash fork and hence inherits Zcash privacy technology, providing a protected transaction that can mask the sender, receiver, and transaction value. Zk-SNARK is the backbone of these transactions and receives. Developed by the Zcash team in the form of cryptography without knowledge.
Where can you buy Horizen (ZEN)?
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