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Horizen (platform)

From EverybodyWiki Bios & Wiki

Horizen is an open-source, privacy-focused blockchain platform.[1] Its cryptocurrency, ZEN, is an altcoin forked from the Zclassic protocol, a fork of the Zcash protocol. Zcash is based on Bitcoin’s code but offers private and selective transparency of transactions using advanced cryptography.[2]

The currency was launched in May 2017 as “ZenCash” by Rob Viglione, Rolf Versluis, and Jane Lippencott. It was rebranded as “Horizen” in July 2018.[1]

Horizen introduced a delayed block penalty into the proof-of-work(footnote) consensus algorithm to penalize malicious miners(footnote) after the project suffered a double-spend attack in May 2018.[3][4]

Horizen has a market cap of $72,197,625 USD as of November 6, 2018.[5]

References[edit]

  1. 1.0 1.1 "ZenCash (ZEN) Presents New Horizen Brand in Service Expansion Push". Cryptovest.com. Retrieved 2018-11-07.
  2. Lee, David; Low, Linda (2018). Inclusive Fintech: Blockchain, Cryptocurrency and ICO. Singapore: World Scientific. pp. 58, 192. ISBN 9789813238657. Search this book on
  3. "A Solution to Crypto's 51% Attack? Fine Miners Before It Happens - CoinDesk". CoinDesk. 2018-10-10. Retrieved 2018-11-07.
  4. Huang, Roger. "New Open-Sourced Innovation Aims To Reduce The Risk Of 51% Attacks". Forbes. Retrieved 2018-11-07.
  5. "Horizen (ZEN) price, charts, market cap, and other metrics | CoinMarketCap". coinmarketcap.com. Retrieved 2018-11-07.


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