All information about the Horizen project and the ZEN . token

• Horizen project overview
• What is Horizen?
• The mechanism of action of Horizen (ZEN)
• Horizen project development team
• Horizen project development roadmap
• General overview of the ZEN . token
• What is ZEN Token?
• Basic information about the ZEN . token
• ZEN . Token Allocation
• ZEN token function
• Where to buy project tokens?
• ZEN . token storage wallet
• summary

Horizen is a popular personal cryptocurrency project for the past 4 years. Thanks to its ability to provide users with privacy, and at the same time the ability to control crypto assets, this project is more attractive than ever.

Horizen project overview

What is Horizen?

Horizen (ZEN) is a potential project with fresh discoveries about personal tokens. This is considered a blockchain platform using a series of leading advanced technologies. Along with that, it also offers users privacy as well as the ability to increase their control over the crypto assets they own. The project ensures safety as well as extreme confidentiality. 

Previously, Horizen was also known as ZenCash. It is a fork of ZClassic, released to the market at the end of May 2017. A unique feature is that ZClassic is considered a fork of Zcash, while Zcash becomes a fork of Bitcoin.

This means that this project was created to belong to the field of communication and economic activities. Horizen was born with the purpose of preserving the integrity of data. This project is developed using the Zcash source code. These operations primarily enable fast and secure data transmission and support rapid network recovery. Therefore, it will make the movement of data on a global scale more secure.

With the application of Zero-Knowledge Proof technology combined with an advanced encryption system, this project also allows users to directly exchange anonymous peer-to-peer information. Horizen coding and distributed network design really work when it comes to resisting similarities in super data analysis systems. It is thanks to this feature that the ZEN token is receiving more attention than ever from many investors in the market. 

The mechanism of action of Horizen (ZEN) 

Wondering how Horizen's mechanism works? This is a question that many investors care about. So, let TraderH4 answer for you. Currently, Horizen has implemented a combination of secure messaging functions at transactions that protect the identities of participants.

• ZenChat: Although in the past, Zcash had a messaging system as well as no wallet, but up to now, this feature has been fully exploited. 
• ZenPub: This is widely known as a platform born for the purpose of publishing anonymous documents using IPFS - one of the products developed in parallel with the growth of Horizen and the token. ZEN.
• ZenHide: This feature is the ability to rotate to block e-commerce platforms. To do that, ZenHide used domain interfaces on the market.

Horizen project development team

Surely the Horizen development team is something that every investor is interested in before deciding to invest in the project. The reason is because, when a project is led by experienced people with clear direction, it will make investors feel more secure as well as have more bases for analysis.

Up to now, the Horizen project and the ZEN token have a development team consisting of many excellent members from different fields in the market such as technology engineering, management and blockchain.

In particular, especially the following potential names, they are considered to be particularly outstanding and have great achievements: 

• Project Director – Rob Viglione: Rob Viglione is respected by many when he has achieved a PhD in finance and research in the field of cryptocurrencies. He also teaches the application of blockchain with Bitcoin in the financial field. Previously, he worked at BitGate, ZClassic…
• Chief Advisor – Rolf Versluis: According to information TraderH4 found out, Rolf Versluis is the owner of a business. He is a person with rich experience in the field of information technology. In addition, he is also experienced in Cisco systems. 
• Research and Development Director – Alberto Garofolo: He has 15 years of experience and in-depth knowledge of software development and design for many popular applications today. At the same time, he is also a person with good expertise in the field of programming.

Horizen project development roadmap

In 2022, the Horizen project development team announced their specific development roadmap as follows:

State 1

• Blaze SDK Development
• Launch of zkAudit PoC
• V1 (single token) cryptographic platform.

Phase 2

• Launch of Zenny testnet
• Blockchain Explorer (new)
• V1 web wallet (single token).

Stage 3

• EVM Compatibility
• V2 (multi token) cryptographic platform
• V2 web wallet (multi-token).

Stage 4

• DeFi application on EVM sidechain
• Transfer tokens between SC
• R&D on EVM can prove.

Stage 5

• Transfer tokens from other chains' feasibility studies
• Latus SDK
• Zendoo maintenance.

General overview of the ZEN . token

What is ZEN Token?

ZEN is now the official token of the Horizen network. This token acts as currency. It was born to exchange value between participants in the network of this project. Accordingly, the ZEN token is developed as well as built on their own blockchain platform.

Basic information about the ZEN . token 

To learn more about this ZEN cryptocurrency, TraderH4 would like to provide readers with some basic information about this token: 

• Code: ZEN
• Standard: ERC-20
• Circulating Supply: 7,410,275 ZEN tokens (nearly 35.24% of total supply)
• Total Supply: 21,000,000 ZEN . tokens

ZEN . Token Allocation 

Currently, the allocation ratio of the ZEN token is as follows: 

• Miners (Pool) are currently allocated at a rate of 60%. This is equivalent to 12,600,000 ZEN tokens.
• Treasury (Reserve Fund) currently holds about 20%. It is equivalent to 4,200,000 ZEN tokens.
• Secure nodes own 10%. This is equivalent to 2,100,000 ZEN tokens.
• Super nodes account for about 10%. It is equivalent to 2,100,000 ZEN tokens.

ZEN token function

So what is the ZEN token used for? Here are a few functions of this token that you can refer to:

• Used to pay mining block rewards for super nodes, secure nodes, and miners.
• Used in the reserve fund dedicated to the research and development process of the Horizen ecosystem.
• Used as a currency for payment. You may not know, at some locations and services, they accept payments in ZEN tokens. 
• Use as transaction fee.

Where to buy project tokens?

As the information provided by TraderH4 above, the ZEN token is currently a native token of the Horizen network. Therefore, this marketplace has two main ways in which users can acquire ZEN tokens:

• Buy ZEN tokens directly on exchanges that list this token
• Become nodes or miners. You can then share a block reward.

ZEN . token storage wallet

Once you own ZEN tokens, where should you store them? Currently, there are many wallets that support storing this token. You can store them at the project's official wallet. In addition, you can also store it at wallets from third parties, such as: CoolWallet, Ledger , etc. Finally, ZEN tokens can be stored at exchange wallets so that holders can easily exchange.

summary

Thus, TraderH4 has learned with you the most basic information about the Horizen project as well as the ZEN token. TraderH4 does not recommend investing or not. Therefore, you should consider carefully before participating because this market has a lot of potential risks. Good luck.

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