Horizen (ZEN)

What is Horizen Cryptocurrency? Horizen (ZEN) is an open source and privacy-focused cryptocurrency that’s a fork of the popular cryptocurrency, Zcash. It was created by Robert Viglione and Rolf Versluis and launched on May 23rd, 2017. Who Founded it? Horizen was created by Robert Viglione, who is now the CEO of the company, and Rolf Versluis, who is the Chief Technology Officer. Viglione founded the company together with former CEO Alain Durand. What Makes it Unique? Horizen is built from technology used in Zcash and provides users with additional privacy. It is a fork of Zcash and uses the same zero-knowledge cryptography to protect users’ privacy. But instead of just focusing on transactions, Horizen is a platform for decentralized applications (dApps) as well as privacy-focused transactions. It is designed to build a secure, public and modern financial system. Horizen also has its own Block Rewards Distribution System (BRDF) which is used to validate and confirm transactions on the network. This is a unique system that takes into account how much transaction fees an individual miner or node generates and adjusts their payments accordingly. This system is designed to reward users who are active in securing and contributing to the network. Where is it Used? Horizen is used to facilitate secure private transactions and is also an application platform that can be used to build decentralized applications (dApps). The platform is built on a structure of nodes and miners that are spread across the globe that process and validate transactions on the network. Where to Buy/Sell it? Horizen can be bought and sold on a number of exchanges, including Binance, Bitexen, OKEx, Huobi, ZebPay and Ideacoin. It can also be purchased with a variety of fiat currencies, including USD, EUR and GBP. Horizen is a unique cryptocurrency that offers users the ability to make secure and private transactions while also allowing them to build decentralized applications. It is an open source project and is backed by a team of developers who continue to improve the protocol and platform. For anyone looking for a privacy-focused cryptocurrency, Horizen is a great option.