Horizen Research Hub | ZEN information, history and analysis
Horizen is a blockchain system that is interoperable and is powered by a decentralized node infrastructure. Horizen employs a novel sidechain technology known as Zendoo. This sidechain platform is extensible and focuses on data privacy. As a result, Horizen enables businesses and developers to create private or public blockchains quickly.
Successfully launched in May of 2017, Horizen strives to ensure data integrity and privacy through enabling real-world use cases. Horizen claims to be completely decentralized, fully customizable with privacy features and supports low costs associated with building blockchains with configurable revenue models and an unlimited number of tokens and digital assets.
Horizen’s native cryptocurrency, ZEN, is a mineable PoW coin currently trading on exchanges including Bittrex, Binance, and now ONUS. It plays an equivalent role as a currency payment unit in exchanging transaction values between parties in the Horizen system, as well as being used for the following purposes.
- Mining block rewards
- Reserve fund for the development of the Horizen ecosystem
- Payment method in places that accept fees in ZEN
Grayscale increased its Stellar (XLM) holdings by 63% in 2024, adding more than 48 million XLM with no sales. This aggressive acquisition strategy led to a surprising 600% rise in XLM’s last two months, captivating investors.
Horizen (ZEN) experienced its first Grayscale accumulation in nearly four years, reflecting a 240% price surge in December. Grayscale opened its Horizen Trust to accredited investors, indicating potential growth as more investors show interest.
Grayscale submitted an 8-K form to the SEC for Horizen Trust (ZEN), issuing 3,565,200 shares which equal approximately 304,034 ZEN tokens valued at around 4,712,299 USD, reflecting growing confidence in ZEN’s market outlook.
Following Grayscale’s announcement, Horizen (ZEN) surged over 36.2% in 24 hours and approximately 165.2% over the last week. ZEN is currently trading at 38.15 USD, indicating positive market sentiment and interest from investors.
Horizen partners with Dot Arcade NFT game
Horizen (ZEN) announced a new partnership with Dot Arcade, a blockchain gaming platform designed to combine arcade MOBA genres.
This partnership will explore bringing new play-to-earn games and NFTs to market and enabling users to store and trade in-game NFT assets on Horizen.