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Horizen

ZEN

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Market

Market stats

Market cap

$148.6M

Volume (24h)

$6.1M

Circulating supply

14.4M ZEN

Typical hold time

14 days

Popularity

#193

All time high

$168.15

Price change (1h)

+0.29%

Price change (24h)

+2.69%

Price change (7d)

-3.01%

About Horizen

Horizen is a blockchain ecosystem that enables privacy-preserving decentralized applications. Using ZEN as its native asset, Horizen has both a main blockchain and a sidechain platform that enables developers to build custom private or public blockchains and decentralized applications.

What is Horizen?

Horizen (ZEN) is a blockchain network that utilizes zero-knowledge cryptography to provide a platform for the development of decentralized applications. It is powered by an extensive node infrastructure and employs the Zendoo protocol to enable blockchain interoperability. The network has the capacity to support up to 10,000 sidechains with a throughput limit of 10,000,000 transactions per second (TPS). Horizen's native digital asset, ZEN, is a mineable Proof-of-Work (PoW) coin that can be staked to participate in the network's extensive node system. The network seeks to provide a permissionless environment where developers can deploy their blockchains using a variety of Software Development Kits (SDKs).

How does Horizen work?

Horizen operates through a network of blockchains powered by the Zendoo protocol, which employs SNARK-verification to enable blockchain interoperability. This allows for flexibility in sidechain type, consensus, speed, and privacy. The network has the capacity to support up to 10,000 sidechains, each capable of running up to 1,000 TPS. Developers can deploy their blockchains within the ecosystem using SDKs like Blaze and Latus, which are based on IOHK's Ouroboros proof-of-stake protocol. Horizen's native digital asset, ZEN, can be staked to participate in the network's node system, contributing to the network's decentralization.

What are the potential use cases for Horizen?

Horizen strives to provide a platform for the development of decentralized applications. Its zero-knowledge-enabled network of blockchains allows developers to build scalable blockchains that can support tens of thousands of transactions per second while maintaining decentralization. The network also offers optional privacy features, making it suitable for applications that require user privacy. Additionally, Horizen's sidechain solution, Zendoo, enables the deployment of thousands of independent sidechains that can communicate with the mainchain and each other, expanding the potential use cases for the network.

What is the history of Horizen?

Horizen was established by Rob Viglione and Rolf Versluis. Rob Viglione, who holds a Ph.D. in Finance and has worked as a scientist in the space industry, is the co-founder and CEO of Horizen Labs and the team lead of the Zen Blockchain Foundation. Rolf Versluis, an experienced business owner in the IT industry and a former officer in the US Submarine force, is the co-founder and executive advisor of the Zen Blockchain Foundation. Jane Lippencott, a member of the founding team and co-author of the original whitepaper, is now a partner at a16z Crypto. Horizen is recognized for its expertise in zero-knowledge-based blockchain technology and has made several advancements in the cryptography space.

Related Assets

Social

Some highlights about Horizen on social media

30 unique individuals are talking about Horizen and it is ranked #487 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Horizen has an average sentiment score of 3 out of 5. Finally, Horizen is becoming more newsworthy, with 0 news articles published about Horizen. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Horizen. There were 10.71% of tweets with bullish sentiment compared to 17.86% of tweets with a bearish sentiment about Horizen. 71.43% of tweets were neutral about Horizen. These sentiments are based on 28 tweets.

On Reddit, Horizen was mentioned in 0 Reddit posts and there were 0 comments about Horizen. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

30 people

Posts

55 posts

Dominance

0%

Volume rank

#487

Average Sentiment

3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

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Horizen is on the decline this week.

The price of Horizen has fallen by 3.01% in the past 7 days. The price increased by 2.69% in the last 24 hours. In just the past hour, the price grew by 0.29%. The current price is $10.32 per ZEN. Horizen is 93.86% below the all time high of $168.15.

The current circulating supply is 14,402,806.25 ZEN.

FAQ

What is the current price of Horizen?

We update our Horizen to USD currency in real-time. Get the live price of Horizen on Coinbase.

What is the market cap of Horizen?

The current market cap of Horizen is $148.60M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Horizen?

The all-time high of Horizen is $168.15. This all-time high is highest price paid for Horizen since it was launched.

What is the 24 hour trading volume of Horizen?

Over the last 24 hours, the trading volume of Horizen is $6.11M.

What other assets are similar to Horizen?

Assets that have a similar market cap to Horizen include Kadena, Aave GUSD V2, Ontology Gas, and many others. To see a full list, see our comparable market cap assets.

How many Horizen are there?

The current circulating supply of Horizen is 14 million.

What is the typical holding time of Horizen?

The median time that Coinbase customers hold Horizen before selling it or sending it to another account or address is 14 days.

What is the relative popularity of Horizen?

Horizen ranks 173 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Horizen?

Currently, 60% of Coinbase users are buying Horizen. In other words, 60% of Coinbase customers have increased their net position in Horizen over the past 24 hours through trading.

Can I buy Horizen on Coinbase?

Yes, Horizen is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Horizen guide.

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