Horizen previously known as ZenCash extended its brand on 22nd August 2018.
Horizen is a platform designed for private communications and private economic activity.
Cutting-edge cryptography and zero knowledge proofs enable fully anonymous peer to peer communications with Horizen.
Horizen's distributed and encrypted networking design is resistant to traffic correlation and metadata analysis.
Why start this project?
Existing cryptocurrencies fall short of being fully anonymous; whether it's from network-level deficiencies or economic shortcomings. There is no cryptocurrency in existence that guarantees full end-to-end encryption of the distributed network. Horizen is designed to be fully encrypted as a network and also as a means to send and distribute money.
What is zero-knowledge encryption?Zero-knowledge encryption allows for undecipherable encrypted communications to propagate throughout the network while providing protections against denial of service attacks and spamming. Zero-knowledge encryption allows for private economic activity where the recipient, sender, and amount of activity is kept confidential.
What is Horizen and when was Horizen released? Horizen was launched May 30th, 2017. previously named as ZenCash Horizen is a platform for secure communications and for deniable economic activity. It is an evolution of the Zcash codebase aimed at primarily enabling secure communications and resilient networking. As a platform it enables secure global messaging, persistent file storage, and private economic activity.
How is Horizen financially supported? Is it a ICO, pre-mine, or etc?Horizen did not conduct an ICO or a pre-mine. Horizen began as a chainsplit from Zclassic, providing a base of ZEN owners.
Horizen funds growth using a redirection of a portion of the miner reward, to be spent on Horizen using a community governance mode. In the Horizen network, 8.5% of the tokens are allocated for community development, marketing, maintenance, and other costs paid for out of the treasury. This ensures that there are always enough resources available for growth.
I am an early Zclassic investor, what does this mean to me?
Anyone who held Zclassic prior to the block 110,000 chainsplit was allocated a 1:1 amount of Zen automatically. Simply import the Zclassic private keys into the new Zen wallet after the launch to redeem your tokens. Bittrex credited everyone who owned Zclassic at block 110,000 with an equivalent amount of Zen.
Are full nodes going to be incentivized with block rewards?
Anyone that runs a full node with additional requirements will qualify for the Secure Node reward and participates in the network node funds allocation program will receive their share of 10% of the coinbase rewards. The Secure Node System development is funded by the Horizen treasury.
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Horizen is a system of products, services, and businesses built around an enabling technology stack employing zero-knowledge proofs and a core set of beliefs.
As a distributed blockchain system with both public and private transactions, private messaging, fully encrypted communications, and a social and governance model designed for long term viability, Horizen will contribute to the human right to privacy and provide the necessary networking infrastructure for people to securely collaborate within a borderless ecosystem.
Subscribe to our mailing list on our main website to engage with the Horizen Community and receive updates.
White Papers
| | | Horizen Specification
- Algorithm: Equihash
- Total eventual supply: 21,000,000 (21 million), as per Bitcoin
- PoW block reward: 12.5 ZEN
- Current number of coins: 4.551.938
- Division of each PoW block: 10% Secure Nodes reward, 10% Super Nodes, 10% Team's treasury, 70% miners reward.
- Coins per month: 216000 ZEN's
- Blocktime: 2.5 minute
- Reward halving period: every ~4 years, as per Bitcoin
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Horizen Wallets
Horizen and IOHK R&D Partner!
| The research projects will be lead by Prof. Roman Oliynykov, a cryptographer, IT researcher, and lecturer. Prof. Oliynykov’s team will handoff the prototypes and provide guidance to InfoPulse, a software engineering firm assisting the Horizen engineering team with the implementation of the two research projects. InfoPulse is contracted directly with Horizen. Horizen production implementation date is not yet available.
The first component of the IOHK research project is to implement a custom version of IOHK’s reference treasury model for efficient decentralized resource allocation and community-driven preference adoption in governance.
The second key component of the IOHK research project is a core protocol upgrade to the Horizen blockchain to address one of the primary issues in the blockchain and cryptocurrency space: Scaling.
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Topic: [ANN][ZEN] Horizen: Bringing Privacy To Life [EX ZenCash] (Read 8507 times)