Horizen is a privacy-focused blockchain network that aims to solve scaling and security issues. In this article, you can find answers to frequently asked questions such as what Horizen is, what it offers, what is ZEN coin, what is it used for, how to buy it. As Kriptokoin.com, we have compiled it for you.
What is Horizen? What does the ZEN project offer?
Horizen is a blockchain project that was launched in May 2017. The project, which first appeared as ZenCash, was rebranded in 2018. The project is the largest node network in the crypto industry. The network, which has over 40 thousand nodes, outshines even Bitcoin and Ethereum in this lane. Nodes are distributed around the world and ensure the decentralization of the network. The platform has a native cryptocurrency called ZEN coin.
The platform’s node network works with a multi-layered structure. This means that nodes can have different functions. These functions vary according to the structure of the node. First, the network has “full nodes” that are common in the blockchain space. Full nodes contain a copy of transactions and data, just like in Ethereum.
Besides, there are “secure nodes” in the network. These nodes secure the communication between nodes through special encryption. Finally, there are “super nodes” in the ecosystem. Powerful versions of secure nodes, these nodes embody the sidechains of the Horizen network.
With its wide and decentralized structure, the network provides its users with the opportunity to make transactions with high security. In addition, it enables users to perform high-speed transactions through a scaling called ZK-Snark. The network enables Companies to create their own blockchains and enables software developers to produce decentralized applications (dApps) in-house.
What is ZEN coin? What is it used for?
Zen Coin works as the native cryptocurrency of the Horizen blockchain. The token combines the Proof-of-Work and Proof-of-Stake consensus. Users can mine the token over the main network with the Proof-of-Work model. They can also stake ZEN via sidechains and earn additional token rewards at maturity. Users can perform more anonymous transactions using ZEN coins on the privacy-focused platform.
How to get ZEN coins?
The native cryptocurrency of the Horizen network, ZEN coin is supported by many exchanges. Currently, crypto exchanges such as Huobi Global, Binance, Gate.oi are listing the token. Interested investors can become members of these exchanges and buy ZEN by depositing money.
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