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 41 19.59% 0.99% -$1,091.55

Exchange Pair Volume (24h) Price
Binance ZEN/BTC 411,157.00 0.0008500000
Bittrex ZEN/BTC 88,846.00 0.0008500000
Bittrex ZEN/USD 38,247.00 6.1470000000
Binance ZEN/ETH 27,312.00 0.0423500000
Binance ZEN/BNB 27,459.00 0.4039000000
Huobi Global ZEN/BTC 61,622.00 0.0008468800
HitBTC ZEN/BTC 91,654.00 0.0008309000
BW.com ZEN/USDT 80,174.00 6.1500000000
OKEx ZEN/BTC 30,833.00 0.0008300000
OKEx ZEN/USDT 25,428.00 5.9600000000
HitBTC ZEN/USD 22,613.00 6.0746200000
Huobi Global ZEN/ETH 5,609.08 0.0416430000
Atomars ZEN/ETH 1,258.00 0.0422000100
Atomars ZEN/BTC 714.86 0.0008463900
HitBTC ZEN/ETH 11,534.31 0.0419190000
COSS ZEN/BTC 50.64 0.0008210000
DragonEx ZEN/BTC 396,969.00 0.0008470000
BW.com ZEN/BTC 73,192.00 0.0008400000
TOKOK ZEN/BTC 677.15 0.0008204100
OKEx ZEN/ETH 274.60 0.0414000000
BW.com ZEN/ETH 435.81 0.0405000000
Huobi Korea ZEN/BTC 473.19 0.0008468800
Trade Satoshi ZEN/BTC 39.87 0.0008365900
Huobi Korea ZEN/ETH 37.17 0.0417370000
Trade Satoshi ZEN/USDT 1.91 6.0000000000
FinexBox ZEN/BTC 172,694.00 0.0007652000
Sistemkoin ZEN/USD 10,525.82 5.5700000000
Sistemkoin ZEN/BTC 735.43 0.0007204100
Sistemkoin ZEN/TRY 154.17 31.8100000000
Sistemkoin ZEN/EURO 4,787.01 5.0400000000
BITEXBOOK ZEN/BTC 53.70 0.0010616000
Trade Satoshi ZEN/DOGE 2.45 2,594.6532730000
Trade Satoshi ZEN/ETH 2.12 0.0379112700
Upbit ZEN/BTC 851.77 0.0006929700
Upbit Indonesia ZEN/BTC 1,204.17 0.0006929700
Graviex ZEN/BTC 9.81 0.0007285980
STEX ZEN/BTC 103.72 0.0006600300
STEX ZEN/USDT 0.03 4.0006000100
Graviex ZEN/USDT 0.00 0.5000000000

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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