Horizen Trending Power, Community Score, Developer Score
Summary
- HORIZEN Price
- $29.32
- 24 hours
- -1.26%
- 7 days
- -12.16%
- Sentiment
- 75%25%
- Market Cap
- $463M
- Market Category
- Community Score
- Developer Score
**Discover Horizen: A Scalable Blockchain Ecosystem Powered by ZEN** Welcome to Horizen, the innovative blockchain ecosystem that redefines connectivity and scalability through its extensive network and cutting-edge technology. At the core of Horizen lies ZEN, its governance and utility token, facilitating an advanced and permissionless network of blockchains. Horizen leverages the groundbreaking Zendoo protocol, which utilizes SNARK verification to enable seamless blockchain interoperability. This approach not only supports a diverse array of sidechains but also ensures unparalleled flexibility in consensus mechanisms and transaction speeds. With the ability to accommodate up to 10,000 sidechains and a remarkable throughput of 10,000,000 transactions per second (TPS), Horizen positions itself as a leader in high-performance blockchain solutions. In 2023, Horizen launched Horizen EON, a public proof-of-stake sidechain that is EVM-compatible. This development empowers developers to easily create and deploy decentralized applications (dApps) while tapping into the vast Ethereum ecosystem. Notable DeFi projects like SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into Horizen EON, showcasing the platform's versatility and potential. Holding ZEN is not only an investment in the future of blockchain technology but also a means to actively participate in the Horizen ecosystem. ZEN is a mineable Proof of Work (PoW) coin, available on prominent exchanges such as Coinbase, Bittrex, and Binance. Furthermore, users can stake their ZEN to contribute to a robust community of nearly 50,000 full nodes, enhancing network security and reliability. While Horizen initially focused on privacy features, the implementation of ZenIP 42204 in June 2023 marks a strategic shift towards adaptable and sustainable growth. Horizen’s commitment to innovation ensures that it remains a front-runner in the evolving blockchain landscape. Join the Horizen community today and explore the limitless possibilities of a truly scalable blockchain ecosystem driven by ZEN!