Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Horizen is a blockchain platform that focuses on scalable privacy. Launched in 2017, the project was first created as a hard fork of the Zcash project. It was originally called ZenCash. However, the project was rebranded in 2018 to Horizen. According to Horizen’s website, the project’s mission is to build a fair and inclusive ecosystem, where businesses can build their own blockchains utilizing the platform’s scalable sidechain technology and node network.
Each separate sidechain is connected to the central Horizen mainchain. The mainchain implements a Proof-of-Work (PoW) Equihash consensus mechanism, which enables faster confirmation times. The sidechains implement a Proof-of-Stake mechanism validated by Secure and Super Nodes.
ZEN is the native token of the Horizen ecosystem. ZEN tokens are distributed to miners on the mainchain and those that stake to secure the sidechains. 60% are rewarded to miners. 20% are split evenly between Secure Nodes and Super Nodes. The remaining 20% are placed into the Horizen Team Treasury.
Horizen (ZEN) is the 163rd largest cryptocurrency in the world by market cap, valued at $396,619,240. The current price of Horizen is $33.11, which is -9.386% lower than yesterday. Prices have ranged between $37.45 and $32.86 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 08:01 UTC.
| Coin symbol | ZEN |
|---|---|
| Coin Marketcap | US$396,619,240 |
| Total ZEN supply | 21,000,000 |
| Circulating ZEN | 11,989,606 |
| Current price | US$33.11 |
| All time high | US$165.92 |
| Notable team members | Robert Viglione, Rolf Versluis |
| Partnerships | StakeHound, IOTA, APIS, LTO Network, Celsius, Dragonchain |
| Industry | Privacy-focused blockchain platform |
| Token uses | Medium of exchange, mining, staking |
| Network | Horizen |
Historical prices compared with the price of US$33.11.
| 1 hour | -1.02% |
|---|---|
| 24 hours | -9.39% |
| 7 days | -40.06% |
| 14 days | -40.90% |
| 30 days | -52.95% |
|---|---|
| 60 days | -74.07% |
| 200 days | -48.53% |
| 1 year | 21.93% |
Disclaimer: Cryptocurrencies, including Horizen, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ZEN is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Horizen or any other cryptocurrency discussed.