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Horizen (ZEN)

$5.11535 (-2.85%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
102 $36,680,500.00 $4,835,160.00 7,170,680 ZEN 38 -2.85% 0.14% $145.79

Exchange Pair Volume (24h) Price
Binance ZEN/BTC 88,438.00 0.0004890000
Bittrex ZEN/BTC 28,947.00 0.0004915800
Binance ZEN/BNB 1,508.95 0.1884000000
Binance ZEN/ETH 6,618.74 0.0263800000
Bittrex ZEN/USD 2,859.98 5.1857100000
Upbit ZEN/BTC 28,947.00 0.0004915800
HitBTC ZEN/BTC 96,482.00 0.0004935000
Huobi Korea ZEN/BTC 8.02 0.0004896500
Huobi Global ZEN/BTC 29,374.00 0.0004900400
Huobi Global ZEN/ETH 5,410.79 0.0263220000
HitBTC ZEN/USD 23,924.00 5.0957400000
HitBTC ZEN/ETH 22,189.00 0.0267436000
OKEx ZEN/USDT 9,459.96 5.1100000000
BW.com ZEN/ETH 1,653,582.00 0.0261000000
TOKOK ZEN/BTC 1,149,575.00 0.0004922300
BW.com ZEN/BTC 1,110,438.00 0.0005000000
BW.com ZEN/USDT 78,805.00 5.1500000000
OKEx ZEN/ETH 28.14 0.0263000000
OKEx ZEN/BTC 13,920.52 0.0004900000
Sistemkoin ZEN/BTC 37,049.00 0.0004926800
Sistemkoin ZEN/TRY 33,399.00 29.6000000000
Sistemkoin ZEN/USD 7,332.00 5.1400000000
Trade Satoshi ZEN/DOGE 0.02 1,719.9774480000
Sistemkoin ZEN/EURO 2,484.75 4.6000000000
FinexBox ZEN/BTC 1,044,204.00 0.0005233800
Huobi Korea ZEN/ETH 0.00 0.0263290000
BITEXBOOK ZEN/BTC 71.63 0.0010918900
CryTrEx ZEN/BTC 0.00 0.0004915000
COSS ZEN/ETH 619.10 0.0258000000
COSS ZEN/USD 474.50 5.1400000000
COSS ZEN/BTC 292.25 0.0004860000
COSS ZEN/USDT 56.24 5.1300000000
Graviex ZEN/BTC 2.96 0.0005149890
STEX ZEN/BTC 85.92 0.0004700100
Trade Satoshi ZEN/ETH 0.01 0.0243109000
Trade Satoshi ZEN/BTC 0.00 0.0004192000

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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