Horizen
ZEN
Crypto
Decentralised Networks
USD 6.88-3.41%
Horizen
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2017
Year of creation
Description
Horizen (ZEN) is a Decentralised Networks crypto coin. Horizen`s origin block was generated on 2017-05-31. More information can be found at https://www.horizen.io/.
Key Technical Advantages:
Darlin: Darlin is a recursive zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) that Horizen has developed for the computation of block and epoch proofs in a Latus sidechain. This system allows for the verification of complex computations through a simple proof, which promotes efficiency and scalability in the blockchain. Latus Incentive Scheme: Horizen introduced a reward scheme for the Latus-enabled sidechain. The incentive system ensures balanced distribution of rewards and promotes honest participation, stability, and decentralization within the system. Zendoo: Zendoo is a zk-SNARK verifiable cross-chain transfer protocol introduced by Horizen. It enables decoupled and decentralized sidechains, which increase the scalability and extensibility of the existing blockchain system. This protocol is universal and can be used with Bitcoin-like blockchain systems. Horizen Blockchain Platform: Horizen is a distributed blockchain platform enabling truly decentralized applications. The system is composed of the main Horizen blockchain and its established tradable ZEN token, a core protocol as a "truth engine", and decoupled sidechains that are fully customizable in consensus and other design characteristics. 51% Attack Prevention: Horizen has proposed a solution to modify the longest chain rule (Nakamoto Consensus) to make it financially infeasible to conduct 51% attacks on operational public blockchains networks. This modification also allows the network to dynamically adjust parameters as needed for security. Content summarized by AI chatbotSource:
https://downloads.horizen.io/file/web-assets/Horizen+Whitepaper+v1.0.0.pdfKey figures
-3.05%1Y
-10.9%3Y
-89.0%5Y
Performance
6/ 61D
8/ 51M
24/ 31Y
Highs/ Lows
30.08.2022
USD 147.43
All Time High
4.67%
% of All Time High
-97.45%All Time
-84.53%1 year
Max drawdown
#173
Ranking by Market Cap
127.76 M
Market cap (USD)
0.00%
% of Market
533.368 B
Category Market Cap (USD)
0.02%
% of Category
21000000
Circulating Supply
18406455
Liquid Supply
87.65%
Liquid/ Circulating Supply
21000000
Max Supply
100.00%
Circulating/ Max Supply
30670674
Volume Traded
28.04%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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