Horizen (ZEN)

$3.49665 (0.76%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
120 $26,399,400.00 $4,975,460.00 7,549,910 ZEN 23 0.76% 1.22% -$26.57

Exchange Pair Volume (24h) Price
Binance ZEN/BTC 231,849.00 0.0004249000
Binance ZEN/BNB 22,560.00 0.1855000000
Bittrex ZEN/BTC 43,353.00 0.0004220100
Upbit ZEN/BTC 43,353.00 0.0004220100
Bittrex ZEN/USD 237.91 3.4210000000
Binance ZEN/ETH 10,827.56 0.0190700000
HitBTC ZEN/BTC 27,699.00 0.0004173000
Huobi Global ZEN/BTC 22,926.00 0.0004302100
Huobi Global ZEN/ETH 3,172.21 0.0192300000
OKEx ZEN/USDT 18,838.42 3.4200000000
HitBTC ZEN/USD 15,313.38 3.4049400000
HitBTC ZEN/ETH 2,330.00 0.0190172000
BW.com ZEN/ETH 2,784,288.00 0.0194000000
TOKOK ZEN/BTC 1,067,545.00 0.0004274200
FinexBox ZEN/BTC 682,908.00 0.0004489200
DragonEx ZEN/BTC 410,871.00 0.0004254200
BW.com ZEN/BTC 192,338.00 0.0004200000
BW.com ZEN/USDT 45,591.00 3.4400000000
OKEx ZEN/BTC 7,799.92 0.0004200000
OKEx ZEN/ETH 6,931.70 0.0194000000
Sistemkoin ZEN/TRY 12,325.21 20.7500000000
Sistemkoin ZEN/USD 10,211.89 3.5000000000
Sistemkoin ZEN/BTC 5,912.05 0.0004279100
Upbit Indonesia ZEN/BTC 64,171.00 0.0004220100
Sistemkoin ZEN/EURO 4,578.15 3.1700000000
Huobi Korea ZEN/BTC 172.04 0.0004302900
Huobi Korea ZEN/ETH 9.24 0.0192200000
Trade Satoshi ZEN/DOGE 2.97 1,305.4020320000
Trade Satoshi ZEN/ETH 1.78 0.0182470100
BITEXBOOK ZEN/BTC 92.94 0.0015877300
Graviex ZEN/BTC 25.95 0.0004000100
SafeTrade ZEN/BTC 0.00 0.0038886900
Idax ZEN/ETH 0.00 0.9888880000
OKEx Korea ZEN/BTC 0.00 0.0004000000
OKEx Korea ZEN/USDT 0.00 3.4600000000
OKEx Korea ZEN/ETH 0.00 0.0181000000
Idax ZEN/USDT 0.00 2.0000000000
STEX ZEN/BTC 46.69 0.0003803200
STEX ZEN/USDT 0.00 3.0500102800
CryTrEx ZEN/BTC 0.00 0.0004137000
COSS ZEN/ETH 0.00 0.0180000000
Trade Satoshi ZEN/USDT 0.00 3.6098154500
Trade Satoshi ZEN/BTC 0.00 0.0004003700
COSS ZEN/BTC 0.00 0.0004950000

Background

Horizen (formerly ZenCash) is an incentive-driven application platform with optional zk-SNARK based privacy features that aims to provide users with control of their digital footprint. Launched in May 2017, without an ICO or pre-mine, the platform enables real-life use cases beyond the ZEN currency, including the ability to privately chat with others, publish information and go anywhere on the web with complete privacy. The team is working towards releasing the Horizen SDK which will allow developers and enterprises to build an unbounded set of applications, products and services on top of the Horizen technology platform. In order to accomplish its goals, the project is creating four unique platforms. The first, and main, application of Horizen is the ZEN privacy token, which is designed to be a way to transfer value without revealing individual transaction details. ZenChat is a security focused messaging application that can function as a standalone app or be embedded in the ZenCash wallet. Messages are stored permanently on the blockchain and rely on specialized "secure nodes" to ensure that communication is not traceable. ZenPub is currently under development and aims to allow users to anonymously publish data, documents, and other media from shielded addresses using InterPlanetary File System (IPFS). ZenHide will focus on web traffic privacy. The core concept behind ZenHide is to use a different domain name at various layers of communication. ZenGrid is an application engineered for rent computation. InstaZen is built for zero-delay payment processing. Zen Blockchain Foundation plans to implement several other applications, including a decentralized exchange built on their network (ZenXchange).

Technology

Horizen employs an Equihash hashing algorithm, which is a memory-hard, proof of work (PoW) mining protocol. In line with the overall privacy-centric goals of the network Horizen utilizes various cryptographic implementations including zero-knowledge succinct non-interactive arguments of knowledge (zkSNARKs) and shielded addresses, in addition to specialized nodes referred to as super nodes. zkSNARKs are a cryptographic solution where each party can verify that they have a specific set of information without actually revealing what the information is. For example, in a transaction, one party can verify the value of x without revealing what the value of x is. [1] The use of zkSNARKs also provides the ability to use two types of addresses. The first type is t addresses, which allow for transparent transactions similar to Bitcoin. The second type, z addresses, are referred to as "shielded" addresses because the transactions remain private by hiding the sender and recipient addresses as well as the transaction amount. Secure nodes operate similar to traditional nodes but have additional security features. Full secure node operators are required to maintain Secure Sockets Layer (SSL) and Transport Layer Security (TLS) certificates. Communication is encrypted from nodes to nodes and clients to nodes. Secure nodes are required to stake ZEN and have the ability to send shielded transactions. Super nodes are more powerful than secure nodes and as a result have greater staking requirements. Super nodes are tasked with managing critical network and systems functions. After recent updates, Super nodes will be able to bring tracking and payments on-chain or within protocol, as well as the introduction of multi-layer sidechains to enhance the ZenCash system for future services.



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