Horizen

Project Overview

Horizen (ZEN) is a privacy-focused blockchain platform that aims to provide scalable solutions for businesses and developers. The project was launched in 2017 (originally as ZenCash) and has evolved into a platform that supports private transactions, decentralized applications, and sidechains.

Purpose and Utility

The primary purposes of Horizen include: providing privacy-preserving transactions, enabling scalable blockchain solutions through its sidechain architecture (Zendoo), and supporting decentralized application development. The ZEN token serves as the native currency of the network, used for transaction fees, node operations, and governance.

Current Usage and Adoption

The network is actively maintained and developed, with regular updates and improvements to its infrastructure. The project has partnerships with various organizations and maintains an active development community. The platform operates secure nodes and super nodes that help maintain network security and facilitate private transactions.

Token Distribution and Governance

Horizen implements a fair mining distribution model through Proof of Work, with additional rewards for node operators. The project maintains transparency in its development and operations through regular community updates and open-source code.

Revenue Model

The platform generates revenue through transaction fees and optional private transaction fees, which are distributed to miners and node operators. This model does not involve interest-bearing mechanisms or lending protocols.

Development Activity

The project maintains active development on its core protocol and Zendoo sidechain system. Regular updates and improvements are made to enhance scalability and privacy features.