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Horizen

Horizen

Horizen is a privacy cryptocurrency that was formerly ZenCash.

All edits by  Erica Hamilton 

Edits on 23 Feb, 2020
Erica Hamilton
Erica Hamilton edited on 23 Feb, 2020
Edits made to:
Article (+7/-7 characters)
Article

HorzienHorizen uses a the Proof-of-Work (PoW) Equihash hashing algorithm. The division of each Horizen PoW block reward and transaction fees are distributed using the following rules: 60% to miners, 20% to treasury, 10% to secure node operators, and 10% to super node operators.

Edits on 21 Feb, 2020
Erica Hamilton
Erica Hamilton edited on 21 Feb, 2020
Edits made to:
Article (+12/-8 characters)
Article

Horizen (ZEN), formerly ZenCash (which was a forkchainsplit fromof ZClassic), is a cryptocurrency with optional privacy features that officially launched on May 23, 2017 and was founded by Rob Vigilione and Rolf Versluis. Horizen is an ecosystem where users are rewarded for their contributions. Horizen’s platform enables businesses and developers to create their own public or private blockchains utilizing Horizon's node network. Horizen’s Sidechain SDK provides components for deployment of a customizable blockchain.

Erica Hamilton
Erica Hamilton edited on 21 Feb, 2020
Edits made to:
Article (+75/-105 characters)
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The re-branding of ZenCash to Horizen was done after BrandTuitive, a New York based branding and marketing firm,off conductedof research on the cryptocurrency market including Horizen community members, miners, node operators, investors, and employees. BothThe companiesproject came to the conclusion after analyzing their finding that re-branding ZenCash to Horizen reinforces the companies commitment to ensuringcreating usercommunity-focused privacyproducts.

Erica Hamilton
Erica Hamilton edited on 21 Feb, 2020
Edits made to:
Article (+264/-280 characters)
Article

Horizen (ZEN), formerly ZenCash (which was a fork from ZClassic), is a cryptocurrency with optional privacy privacy cryptocurrencyfeatures that officially launched on May 23, 2017 and was founded by RonRob Vigilione and WilliamRolf WolfVersluis. Horizen is an ecosystem where users are rewarded for their contributions. Horizen’s platform enables businesses and developers to create their own public or private blockchains utilizing Horizon's node network. Horizen’s Sidechain SDK provides components for deployment of a customizable blockchain.

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Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on exchanges including Bittrex, Binance, and Changelly. ZEN is integrated on major wallets including Horizen's flagship app, Sphere by Horizen, a multifunctionalmulti-functional wallet that serves as an interface with most Horizen products and services.

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Horzien uses a the Proof-of-Work (PoW) Equihash hashing algorithm that was created by Alex Biryukov and Dmitry Khovratovich at the University of Luxembourg. It has a block reward of 12.5 ZEN, a block generation time of 2.5 minutes, and a block size of 2 MB. The division of each Horizen PoW block reward and transaction fees are distributed using the following rules: 8860% to miners, 5 20% to one or more DOAstreasury, 3.510% to secure node operators, and 3.510% to thesuper corenode teamoperators.

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Funding for the development of Horizen is generated by miners. 20% of block rewards goes into the Horizen treasury.

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Horizen did not have an ICO.

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