Horizen (ZEN) Lists on Atomars

Dear ATOMARS Community,

We are pleased to announce the listing of Horizen (ZEN) on ATOMARS exchange. Horizen (ZEN) deposits are effective starting November 19, 2019 with the following trading pairs available: ZEN/BTC and ZEN/ETH.

HORIZEN PROJECT SUMMARY

Horizen is an anonymous, decentralized blockchain platform that supports ZEN and other dApps. It was created as a secure platform for funding transactions, media and messaging capacities. The Horizen platform is a rebranding of the original ZEN ecosystem. This rebranding is based on a brand expansion that will emphasize the use cases of the well-known ZEN technology. ZEN offers added features such as ZenChat, ZenPub,and ZenHide.

Horizen was created in 2017 as a fork of ZClassic, which is in itself a fork of ZCash. Horizen is not that different from ZCash. It also uses a zero knowledge proof algorithm (zk-SNARKS) to solve the problems with privacy and fungibility that other coins experience. It is necessary to note that ZEN is within the Horizen ecosystem.

Features of Horizen (ZEN) FEATURES

Secure Nodes & Super Nodes

Horizen uses secure and super nodes as well as normal nodes. Secure nodes use verified distributed ledger transactions just like normal nodes, however there are some differences. An operator has to possess 42 ZEN to run a Horizen secure node, which is used as a source of collateral. There is not much incentive to attack a network in which funds are invested as an attack will likely decrease the value of these funds. In addition, secure node operators have to meet memory, processor and reliability minimums, details of which are available on the Horizen website. These nodes run and maintain a full copy of the Horizen blockchain at all the times.

Super nodes are like improved versions of secure nodes. Super node operators need 8GB of RAM, a 96% reliability rating and a reserve of 500 ZEN. This commitment of greater collateral ensures that super nodes bring more to the game. Higher level nodes makes it easier for community voting and governance, with best interests verified and malicious actors kept to a minimum.

Shielded and Unshielded Transactions

Another essential feature of ZCash and Horizen is the ability to process shielded and unshielded transactions.

This enables users to be able to shield their address and transaction amount if they please, while the other party can choose to remain public. This is in contrast to a network like Monero where transactions are anonymous and shielded.

dApps and Other Initiatives

The prevalence of distributed application (dApps) is one of the most exciting features in the Horizen ecosystem. These are applications that can be built on the blockchain network. DApps use decentralized public ledger technology to ensure secure, encrypted applications (dApps) that use blockchain technologies like smart contracts to ensure consensus verification of actions.

Horizen’s dApps include a secure messaging platform called ZenChat, an anonymous document publisher called ZenPub and a domain fronting platform called ZenHide. ZenChat makes it possible to incorporate encrypted messages along with ledger transactions. ZEN is basically another dApp for currency exchange, although cryptocurrencies are more like utility tokens than a separate form of dApp.