What is Horizen (ZEN)? Leading Privacy and Security Offers in the Blockchain Era

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Bittime -In this digital era, privacy and security have become increasingly important. Horizen (ZEN) exists as a decentralized blockchain platform that focuses on privacy and security without sacrificing scalability. 

The platform uses advanced zk-SNARKs technology to enable private and secure transactions, providing an innovative solution for users who want to protect their data and assets.

What is Horizen (ZEN)?

Horizen (ZEN) is a decentralized blockchain platform focused on privacy and security. The platform uses zk-SNARKs technology to enable private and secure transactions without sacrificing scalability.

Horizen (ZEN) Key Products & Features

• ZenCash Sidechain: A sidechain that enables private transactions with smart contract functionality.
• Sphere by Horizen: A dApp platform that enables developers to build secure and private decentralized applications.
• Horizen Core: The main blockchain that powers the ZenCash sidechain and Sphere platform.
• Zen-ID: Secure and private digital identity solution.

What is ZEN Token?

ZEN is Horizen's native token used for:

• Paying transaction fees: ZEN is required to pay transaction fees on the Horizen blockchain.
• Staking: ZEN holders can stake their tokens to earn rewards and help secure the network.
• Governance: ZEN holders can use their tokens to participate in the governance of the Horizen (ZEN) platform.

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Tokenomic Horizen (ZEN)

• Total Supply: 14,708,375 ZEN
• Circulating Supply: 14,708,375 ZEN
• Max Supply: 21,000,000 ZEN
• Market Cap: IDR 2,387,308,236,370 (as of 26 February 2024)

Horizen (ZEN) Fundamental Analysis

• Privacy Technology: Horizen uses advanced zk-SNARKs technology for high-level privacy and security.
• Strong Team: The Horizen (ZEN) team consists of experienced blockchain and security experts.
• Active Community: Horizen has an active and supportive community.

Comparison of Horizen (ZEN) & Competitors (in spreadsheet)

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Founder & Tim Horizen (ZEN)

• Rob Viglione: CEO and Co-founder
• Rolf Versluis: CTO and Co-founder
• Matthew Smith: COO

Horizen (ZEN) Conclusion

Horizen (ZEN) is a blockchain platform focused on privacy and security. The platform uses advanced zk-SNARKs technology to enable private and secure transactions without sacrificing scalability. Horizen has a strong team, an active community, and great potential for growth in the future.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on  Bittime ,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into  your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

Monitor price chart movements  for Bitcoin (BTC) ,  Ethereum (ETH ) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

What is IDEX (IDEX)? Advanced DEX Solution for a Safe and Efficient Trading Experience

What is Litentry (LIT)? Future Digital Identity Solutions in the Web 3.0 Era

What is Reserve (RSV)? New Challenger in the Stablecoin Battle

DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.