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What Is Horizen (ZEN)?
Horizen is a network of blockchains powered by a large node infrastructure. It enables blockchain interoperability through the Zendoo protocol, which uses SNARK-verification. The network supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.
Developers can deploy their blockchains within the ecosystem using a variety of SDKs. Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges.
Who Are the Founders of Horizen?
The founders of Horizen are Rob Viglione and Rolf Versluis. Rob Viglione is the co-founder and CEO of Horizen Labs and holds a Ph.D. in Finance. Rolf Versluis is the co-founder and executive advisor of the Zen Blockchain Foundation.
What Makes Horizen Unique?
Horizen is known for its expertise in zero-knowledge-based blockchain technology. Their network provides a unique sidechain solution that allows developers to build their own scalable blockchains. Horizen is fully decentralized and offers optional privacy features.
Related Pages:
What Can Zero-Knowledge Technology Do for Scalability? at CMC Alexandria.
Make sure to find our latest posts at the BYDFi blog.
How Many Horizen (ZEN) Coins Are There in Circulation?
Horizen has a maximum supply of 21,000,000 coins, of which just over 11,700,000 are in circulation as of November 2021. Horizen has one of the largest node networks with a multi-tiered node system.
How Is the Horizen Network Secured?
Horizen utilizes a combination of Proof-of-Work in their mainchain and Proof-of-Stake in their sidechains. The mainchain acts as a 'truth engine' for all blockchains built on the network. Horizen uses zk-SNARKs to enable communication between sidechains and the mainchain while preserving privacy.
Where Can You Buy Horizen (ZEN)?
Horizen (ZEN) can be purchased, sold, and traded on major cryptocurrency exchanges such as Coinbase, Bittrex, Binance, and more.
Answers
What Is Horizen (ZEN)?
Horizen is a network of blockchains powered by a large node infrastructure. It enables blockchain interoperability through the Zendoo protocol, which uses SNARK-verification and allows for flexibility in sidechain type, consensus, speed, and privacy. The network supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.
Developers can deploy their blockchains within the ecosystem using a variety of SDKs. Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges.
Who Are the Founders of Horizen?
The founders of Horizen are Rob Viglione and Rolf Versluis. Rob Viglione is the co-founder and CEO of Horizen Labs and holds a Ph.D. in Finance. Rolf Versluis is the co-founder and executive advisor of the Zen Blockchain Foundation.
Jane Lippencott was a member of the founding team and co-author of the original whitepaper. She is now a partner at a16z Crypto.
What Makes Horizen Unique?
Horizen is known for its expertise in zero-knowledge-based blockchain technology. Their blockchain network provides a unique sidechain solution that allows developers to build their own scalable blockchains with optional privacy features.
Horizen is a fully decentralized zero-knowledge-enabled blockchain ecosystem that offers massive scalability and optional privacy features.
How Many Horizen (ZEN) Coins Are There in Circulation?
Horizen has a maximum supply of 21,000,000 coins, of which over 11,700,000 are in circulation as of November 2021.
Horizen has one of the largest node networks with a multi-tiered node system. When it comes to mining ZEN, it is an ASIC-mineable cryptocurrency that employs the Equihash algorithm.
How Is the Horizen Network Secured?
Horizen utilizes a combination of Proof-of-Work in their mainchain and Proof-of-Stake in their sidechains. Each PoS sidechain built on the Horizen network is pegged to the mainchain and runs simultaneously.
Horizen uses zk-SNARKs to allow the communication between sidechains and the mainchain without having the mainchain know the sidechain logic and the internal structure. The usage of zk-SNARKs within the sidechains enables developers to build applications that preserve the users privacy.
Where Can You Buy Horizen (ZEN)?
Horizen (ZEN) can be purchased, sold, and traded at major cryptocurrency exchanges such as Coinbase, Bittrex, Binance, Binance.US, Huobi Global, HitBTC, DigiFinex, BYDFi, MEXC, and OKEx.
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