Zenith
Crypto Overview
Purpose and Utility
Horizen (ZEN) is a privacy-focused blockchain platform that aims to provide secure communications and private transactions through its zero-knowledge proof technology. The platform enables the creation of private sidechains for businesses and developers to build decentralized applications (dApps).
Business Model
The project operates through a dual node system: Secure Nodes and Super Nodes that help maintain network security and process transactions. Node operators are rewarded with ZEN tokens for their services. The platform generates revenue through sidechain deployment fees and transaction fees, which are distributed to node operators and the Horizen treasury.
Real-World Adoption
Horizen has established partnerships with several enterprises and maintains an active development community. The network currently supports thousands of nodes globally. The platform's Zendoo sidechain system is being used by various projects for building privacy-focused applications.
Development Activity
The project maintains regular development activity with frequent updates to its core protocol and tools. The team consistently releases technical updates and improvements to the platform's infrastructure.
Token Distribution
The token distribution appears reasonable with no excessive concentration among founders. The project maintains transparency regarding token allocation and uses a sustainable emission schedule for node rewards.
Crypto Impact
To assign a comfort level investing in Zenith from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Zenith.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.