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Horizen

Horizen (ZEN)

$ 7.31
4.9 %
Main info
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Comments
Markets
Analytics
Market cap
$119.46M
4.9 %
Volume (24h)
$18.63M
4.9 %
Circulating supply
18,406,456 ZEN
Total supply
21,000,000 ZEN
Max. supply
21,000,000 ZEN

About Horizen

Horizen is a blockchain platform with a leading-edge privacy technology that provides everyone with privacy and complete control of their digital footprint. We have a sustainable funding model with protocol-level solutions.The Horizen platform enables real-life uses beyond our currency including the ability to privately chat with other people. Soon, Horizen will enable you to publish information and go anywhere on the web, all with complete privacy.We are working toward the day when anyone will be able to build privacy-based applications on the Horizen platform and generate income from them. This will allow Horizen to bring thousands of real-life services to people. Services that provide them with freedom and everyday utility unlike anything ever available to them before.

Key data

updated $0
Market cap$119.46M
Volume 24h$18.63M
Circulating supply18.41M88% of max 21M
All-time high$165.92-96% from peak · 2021-05-07

Horizen (ZEN) is a privacy-focused blockchain platform that started as a fork of ZenCash, itself a descendant of Zcash. Its ticker is ZEN, and the coin is mineable using a Proof-of-Work algorithm. In simple terms, Horizen aims to be an ecosystem where developers can build their own sidechains, while ZEN serves as both the native currency and the reward for securing the network.

Frequently asked questions

What is Horizen and how is it different from Bitcoin?

Horizen is a Proof-of-Work blockchain platform focused on privacy and scalability, with its own ecosystem of sidechains where developers can deploy custom blockchains. Unlike Bitcoin, which is primarily a payment network, Horizen is designed as a broader platform with tooling for building decentralized applications. Its total supply is capped at 21 million coins, the same limit as Bitcoin.

How does Horizen's consensus mechanism work?

Horizen uses Proof-of-Work (PoW), meaning miners compete to solve cryptographic puzzles to validate transactions and add new blocks. This makes ZEN a mineable coin, and miners earn rewards in ZEN for securing the network. The project has also developed its own node system and sidechain technology, called Zendoo, which lets independent blockchains interact with the main Horizen chain.

How is ZEN emission structured?

ZEN has a hard cap of 21 million coins, so no more than that will ever exist, similar to Bitcoin's model. New coins enter circulation through mining rewards, which are distributed to miners and node operators who maintain the network. This fixed supply is built into the protocol and cannot be changed without consensus.

How can you store and use ZEN?

ZEN can be stored in the official Horizen wallet (available as Sphere by Horizen for desktop and mobile) or in third-party wallets that support the coin. You can send and receive ZEN like any cryptocurrency, use it for private transactions, or trade it on exchanges that list the coin. Since it's mineable, you can also earn ZEN by mining if you have the right hardware.