Horizen (ZEN)

$5.57197 (19.59%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
88 $43,944,300.00 $537,573.00 7,886,680 ZEN 126 19.59% 0.99% -$1,091.55

Exchange Pair Volume (24h) Price
Binance ZEN/BTC 158,699.00 0.0011512000
Bittrex ZEN/USD 7,408.63 10.0000000000
Bittrex ZEN/BTC 17,603.38 0.0011533800
Binance ZEN/ETH 14,547.43 0.0596100000
Binance ZEN/BNB 5,933.25 0.5728000000
TOKOK ZEN/BTC 398,761.00 0.0011407500
HitBTC ZEN/BTC 56,614.00 0.0011523000
VCC Exchange ZEN/BTC 15,206.37 0.0011533800
Huobi Global ZEN/BTC 36,228.00 0.0011556000
OKEx ZEN/USDT 13,700.65 9.9700000000
OKEx ZEN/BTC 5,081.79 0.0011600000
Huobi Global ZEN/ETH 6,949.81 0.0601680000
HitBTC ZEN/USD 18,915.33 10.1018600000
HitBTC ZEN/ETH 4,436.65 0.0597478000
Atomars ZEN/BTC 226.91 0.0011511100
Atomars ZEN/ETH 906.33 0.0598200100
DragonEx ZEN/BTC 859,635.00 0.0011470000
Sistemkoin ZEN/BTC 20,318.00 0.0011581100
Sistemkoin ZEN/TRY 12,984.54 59.4600000000
Sistemkoin ZEN/USD 7,015.66 10.0300000000
Huobi Korea ZEN/BTC 71.26 0.0011541600
FinexBox ZEN/BTC 282,616.00 0.0011901400
BW.com ZEN/USDT 2,977.63 10.4300000000
STEX ZEN/BTC 0.51 0.0011160000
Graviex ZEN/BTC 33.94 0.0009553740
BITEXBOOK ZEN/BTC 92.49 0.0017300000
Sistemkoin ZEN/EURO 4,095.25 9.3500000000
OKEx ZEN/ETH 0.80 0.0600000000
Huobi Korea ZEN/ETH 99.49 0.0598270000
Trade Satoshi ZEN/DOGE 0.69 3,333.0000001000
Trade Satoshi ZEN/USDT 0.48 9.9800000000
Upbit ZEN/BTC 807.49 0.0010350100
STEX ZEN/USDT 0.00 5.6900000000
Graviex ZEN/USDT 0.00 0.0330010000
Upbit Indonesia ZEN/BTC 4,436.42 0.0010350100
Trade Satoshi ZEN/BTC 6.74 0.0012400700
Trade Satoshi ZEN/ETH 0.37 0.0671023800

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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