Ninjastic
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Board Announcements (Altcoins)
🟢🟡[ANN][ZEN] Horizen: Unbounded By Design
by
nikqz
on 08/09/2020, 04:44:12 UTC


H O r i z e n

Horizen is an inclusive ecosystem where everyone is empowered and rewarded for their contributions. Horizen’s massively scalable platform enables businesses and developers to quickly and affordably create their own public or private blockchains on the largest node network in the industry. Horizen’s Sidechain SDK provides all necessary components for easy and fast deployment of a fully customizable blockchain. Horizen's native cryptocurrency, ZEN, is a mineable PoW coin available on exchanges including Bittrex, Binance, Huobi, and Changelly. Users can securely store and transact ZEN using Horizen's flagship app, Sphere, a multifunctional wallet that interfaces with most Horizen products and services.

Horizen’s History

In 2020, Horizen (formerly known as ZenCash) began as a chainsplit from Zclassic, providing a base of ZEN owners. Everyone who owned Zclassic at block 110,000 received ZEN by simply importing the Zclassic private keys into the new ZEN wallet after the launch, received the equivalent amount of ZEN. Horizen evolved from a privacy coin and into a sidechain-based system by building a technology platform with optional privacy features that aims to enable an application-rich and inclusive ecosystem to provide people with freedom and everyday usability. Once Horizen released their Sidechain Alpha, they shifted focus from being a privacy coin to a massively scalable general-purpose blockchain system. The shift allowed them to open more possibilities architecturally and better fit the direction of their project.



Horizen Wallets





Dev Environment


HDE will be the main focal point for decentralizing contributions and is on the way. It will be focused on enabling collaboration, making contributing to our project fun and adding incentives for quality contributions.

It will be founded on two pillars:

  • The GitHub process will add more structure to the collaboration on GitHub and Zen Improvement Proposals (ZenIPs) are a decision making process and governance mechanism that will be applied to new feature requests and proposed protocol changes.
  • It is an established process in many of the larger blockchain projects.


Network Infrastructure


Secure and Super node operators are incentivized with a share of the block subsidy of each mined block. Currently, both node classes receive 10% of the total block subsidy, respectively.
This incentivized user-owned infrastructure, achieving dynamic equilibrium in node count and returns to node operators, with the geographic placement of the infrastructure optimally dispersed to reduce network latency. Minimum requirements are necessary to ensure that Horizen’s node network is sufficiently capable of running a robust ecosystem of sidechains and the valuable applications that will reside on them.


Sidechains
Horizen is designing Sidechains and a Sidechain SDK to allow developers and enterprises to quickly and affordably spin up their own blockchains. We segregated application logic from the main blockchain for both security and scalability so applications can be fully independent, rapidly deployed, and done so without the consent of other stakeholders in the ecosystem. Single protocol Cross-Chain Transfer Protocol (CCTP),  a unique protocol that must be used by all sidechains, and it doesn’t require the mainchain to follow the parallel blockchains will allow massive scalability and decentralization to the system. However, sidechains must track the mainchain.

Sidechain Use Cases

  • Tokenization
  • Privacy Preserving Blockchain Applications
  • Smart Contracts
  • Price Stable Assets



ZEN Specification

Horizen’s mainchain is currently a Bitcoin-like blockchain with Equihash Proof-of-Work (PoW) augmented with a delayed block penalty algorithm for additional protection against malicious chain reorganization. ZEN is the native cryptocurrency of Horizen. Its optional privacy feature allows you to control your digital footprint leveraging zero-knowledge cryptography.


  • Algorithm: Equihash
  • Total eventual supply: 21,000,000 (21 million), as per Bitcoin
  • PoW block reward: 12.5 ZEN
  • Current number of coins
  • Division of each PoW block: 10% Secure Nodes reward, 10% Super Nodes, 20% Team's treasury, 60% miners reward.
  • Coins per month: 216000 ZEN's
  • Blocktime: 2.5 minute
  • Reward halving period: every ~4 years, as per Bitcoin


Horizen Block Explorer
| Officilal blockexplorer|
| Officilal blockexplorer (China) |
| zen-solutions.io|
| zen.tokenview|
| |