Price (USD)$ 19.17
Circulating SupplyZEN 12.68941M
Volume (24h)$ 13.15043M
Market Cap$ 243.38911M
Low/High 24h$ 18.97 - $ 19.79
Change (24h)-$ 0.260631
Horizen (ZEN) is a decentralized blockchain platform. ZEN emerged as a result of the ZClassic hard fork. This ecosystem focuses on scalable data security. It allows enterprises and developers to create their own public or private blockchains thanks to Zendoo.
Today ZEN crypto price is 19.17 USD.
Horizen is a Zclassic fork, which in turn arose from the separation of the Zcash blockchain. The founder of the project is Zen Blockchain Foundation (ZBF) established as a non-profit company in Delaware.
The ZenCash platform was launched in May 2017 without an ICO or pre-mining.
In August 2018, ZenCash founders announced an expansion of the existing brand, in which the project changed its name to Horizen.
It differs from other cryptocurrencies due to the following features:
Zendoo is a decentralized and customizable sidechain protocol, offering features any of its competitors never had. This technology offers companies and individuals to launch blockchain apps with Horizen.
This protocol has a brand-new construction tailored to be compatible with the Horizen blockchain. However, it can be easily adapted for other blockchain systems. Thanks to it, everyone can access decentralized cross-chain transfers.
This protocol construction needs improvements in the mainchain core consensus protocol to enable cross-chain transactions. After these modifications, it'll be possible to deploy many sidechains reliably.
ZEN is the first cryptocurrency with full end-to-end encryption. The network architecture uses encryption at the node level. So, not only miners but also owners of secured nodes and super-nodes receive a portion of the reward from each cryptocurrency block. Video cards and CPU are no longer profitable, only ASIC owners mine the coin.
Mining is done by an algorithm:
Sphere by Horizen is a user-friendly wallet for Windows, Linux, and Mac OC with support for shielded payments. It works in two modes: Full and Light ones. Everyone can use it as a full node or synchronize it with a remote server without uploading a copy of the blockchain to your hard drive.
With this wallet, Zen Chat, one of the safest messengers, is provided to Horizen crypto holders. Messages there are encrypted with AES-256 with Perfect Forward Secrecy algorithms.
Developers never stop improving their ecosystem. In 2021, they conducted a successful Zendoo testnet and its audit by third parties. They also developed Latus, a sidechain that uses recursive SNARKs for proving the correctness of the transfer.
What's more, the project keeps entering into new partnerships. In November 2021, it started cooperating with HackerOne for improving security by rewarding developers with up to $10,000 in bounties for reporting vulnerabilities on Zendoo.
Since Horizen develops in different niches, it also partners with various businesses, like GameStation, a decentralized multi-chain gaming launchpad, and a marketplace. Together they will find new ways to leverage each other's technologies.
By opening access to Zendoo to all the users, founders will bring their project to a new level, which will increase Horizen price. As for PricePrediction, the ZEN crypto price will be over $315 in 2025. According to CryptocurrencyPricePrediction, Horizen coin price will reach $1,747.67 already in December 2025.
Overall, Horizen developers do their best to improve their project and make the ecosystem more secure. With new partnerships and updates in the Zendoo protocol, it becomes more attractive, and ZEN coin price reaches new heights.
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.