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What is Horizen (ZEN)?

Horizen (ZEN) is a project designed for media and economic activities. Their goal is to ensure the safety and integrity of data.

Horizen developed on Zcash’s source code, mainly allowing secure data transfer and data networks with resilience. This system allows for more secure global data transfer, continuous file storage, and private economic activities.

Horizen

Horizen is more than just a cryptocurrency that allows transactions publicly or offline. The Horizen Research and Development team had a clear vision right from the beginning of the project to create a public and scalable privacy platform on blockchain technology to build complex systems beyond transactions.

In Horizen’s report, they wrote, “We live in a super regulatory and supervised world where billions of individuals are deprived of basic human rights, such as property ownership, privacy, free association and access to information ”. So, what Horizen wants to increase is privacy and freedom for users.

The Horizen coin launched on May 23, 2017, at first it was called Zencash, and in the second quarter of 2018, it was renamed to Horizen. The token name is ZEN, the total number of coins issued is 21 million ZEN.

How does Horizen (ZEN) work?

Horizen incorporates a secure messaging function in shielded transactions that completely protect user identity.

There are 3 main systems behind this:

ZenChat – Although Zcash already has a messaging feature, so far, no wallet has taken advantage of that feature. ZenChat makes this feature usable with a customized secure communication network. ZenChat messages are encrypted with recognized and reliable algorithms like AES-256. Using a 512-character limited text field (according to the original Zcash design) of a transaction, messages can be appended and sent to the user. This facilitates trade and secure communication.

ZenPub – An anonymous document publishing platform using IPFS developed in parallel with Horizen development. ZenPub allows users to publish anonymous documents to IPFS through the text field of z address. Based on testing, IPFS is the currently supported infrastructure for publishing. However, the system may extend to other distributed archives.

ZenHide – Commercial blocking capability – encryption using domain interface. Countries hostile to cryptocurrencies can block Bitcoin and even Zcash. Horizen uses domain interface technology that hides the endpoint of communication. Horizen specifically connects a commercial content distribution (CDN) with Hypertext Transfer Protocol Secure (HTTPS), a more secure variant of the standard web architecture.

Finally, Horizen takes market-leading security use cases and packs them into a new token, application and platform with additional security and anonymity at the protocol level.

Horizen development team

The prominent names in the ZEN project must be mentioned as:

Rob Viglione – Team Lead: Rob is a physicist and mathematician. Previously working on Bitshares, BlockPay, Z classic, Seastead and Bitgate. He is currently a PhD in Finance studying cryptocurrencies and teaching Bitcoin & Blockchain applications in Finance. Rob has an MBA in Finance & Marketing and a PMP certificate.

Rolf Versluis – Chief Advisor: is an entrepreneur with experience in the IT industry. Previous experience in Cisco systems, semiconductor industry. He is a nuclear-trained officer in the US Submarine force. Rolf brings the leadership, management, and operational expertise to the Zen organization

Alberto Garoffolo – R&D Manager: With over 15 years of experience, Alberto has deep knowledge of software design and development in many application areas. He has strong expertise in different languages ​​such as Java, C and C ++. Over the years, he has taken on the role of CTO in a software architecture design firm and chose the team to create one of the complete video interaction solutions on the market.

Conclusion

Horizen is a true leader not only in privacy but also with governance, economic incentives and absolute technical ingenuity. Zen is the first cryptocurrency to be built into TLS. It protects not only the protocol but also the data packets sent between the interfaces.

Their secure node system allows a low barrier to entry, passive income streams for node operators. They serve the network by enforcing strict security requirements, maintaining the complete history and encrypting network data. ZEN Coin is also a worthwhile cryptocurrency for your reference and investment.

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