About Horizen

Horizen is a unique technology, the main task of which is to fully ensure the confidentiality of all transactions. The system is based on the Equihash algorithm, which has an asymmetric architecture. The key condition for using the platform is a high level of memory requirements. Application of this principle excludes the use of ASICs.

The Horizen system is coupled with zk-SNARKs cryptography to provide high quality data encryption. There is no information in the transaction regarding the sender, the recipient and the transfer amount. The technology excludes repeated spending. Only the exact time is indicated in the translation specifications.

The modern cryptocurrency Horizen is a decentralized asset that is in high demand in the market. The technology allows to adhere to the complete secrecy of operations. The developers of the project set themselves the task of solving the problem of the confidentiality of transactions and the security of financial transactions. The zero knowledge protocol allows for high-quality data encryption.

The system functioning algorithm is not complicated. The project reliably operates in secure transactions mode. A whole team of professional cryptographers worked on the formation of the proof. The platform is similar in structure to Bitcoin. A feature of the project is the ability for users to independently choose an option (encryption / data protection).

The main advantages of the innovative Horizen system are:

high-quality provision of complete secrecy of transactions;
use of modern mathematical methods. This approach provides high information security;
interchangeability. There are no differences between the coins despite the way they are mined;
wide popularization;
zk-SNARK protocol hides any kind of external transfer data;
reliable protection against inflationary processes due to the limited emission of coins of 21 million tokens;
high prospects for increasing prices.
Recent perspectives clearly demonstrate the use of a digital asset for transfers by attackers. The young coin has unique characteristics that make it popular on exchanges. A technological feature of the cryptocurrency is the presence of additional fields for the DLE XCats categories.

Horizen features

The modern cryptocurrency market is actively developing. Users are offered new options for functional systems and unique applications. Horizen is no exception. The project ideally combines blockchain technology and cryptographic techniques. The best proof of this is perfectly encrypted transactions. Technological characteristics allow the creation of new high-end applications with different blockchains.

The leading technology of the project is zk-SNARKs, which is a special application that has a wide range of applications. The new cryptographic generation is equipped with a zero-knowledge protocol. The essence of the system is to use a secret key without actually displaying it. In this case, no interaction between the verifier and the security check is required.

A distinctive feature of Horizen is its emphasis on improving communication technology. The project developers plan to actively develop the following options:

Conducting confidential translations using functional technologies.
Formation of a secure decentralized network based on existing privacy nodes.
Complete confidentiality of publications. The ability to exchange messages on the network.
The formation of a global site becomes possible due to the launch and modernization of the ZenCash private network, which includes a large number of secure nodes. Each user has access to the function of managing personal data without transferring it to third parties.

There is a close relationship between the IPFS platform and Horizen. This is a major step in technology for the development and launch of a new generation global network. The new system will be based on the principle of complete confidentiality of information.

How is Horizen created?

The innovative system operates using a special Proof-of-Work algorithm. The task of generating new cryptoblocks is assigned directly to the miners. Russian programmers A. Biryukov and D. Khovratovich worked on the development of a unique hashing algorithm. The specialists were tasked with forming a comprehensive protection of hash functions.

All categories of miners have access to 22 official servers, from which digital assets can be mined. The most powerful options are:

Poolin.com. - the resource accumulates more than 40% of the total hash rate;
F2pool.com - the multi-currency pool has a large number of official members;
Antpool.com is the official representative of the production of ASIC devices.
Several years ago, mining of a digital asset was carried out using GPUs. For this, special programs Claymores Zcash Miner, EWBF, etc. were used. In practice, mining rewards on video cards is unprofitable. A more rational option is the zcash algorithm on green GPU modules.

The most efficient for mining coins are ASIC devices, namely:

Bitmain Antminer Z11 - Profit level is $ 3.73.
Innosilicon A9 ++ ZMaster - profitable indicator reaches 3.69 USD.
Total mining income is closely correlated with the price of a digital asset in the market. It is better to purchase special devices directly from official manufacturers. Such equipment is equipped with air cooling systems.

Is Horizen endless?

Horizen cryptocurrency has a limited coin tier of 21 million. Due to the confidentiality of the system, it is currently problematic to accurately determine the volume of issued assets. Experts estimate that there are about 7,900,000 coins in circulation. For miners, there is a reward of 12.5 ZEN for the decrypted block. This amount will be constant for four years. At the beginning of October 2020, the figure will decrease to 6.25 coins.

The reward consists of two parts: the reward for the miner and the official founders (10%). Thus, the system developers generate additional funds for the development of the project. If the exchange rate for the digital currency is stable, the top management of the project will receive a cash flow of $ 147 million. Horizen technology has a simple allocation structure, namely:

Founders Award - 10%;
strategic reserve of the system - 20%;
guaranteed income for investors - 50%;
non-commercial expenses of the organization - 20%.
The fundamental difference between the Zerocash protocol is its delayed start mechanism. The structure influenced the mining of the first 20 thousand blocks, which were mined for exactly 34 days.

Horizens cryptocurrency is not backed by foreign exchange reserves or securities. The stability of a digital asset is guaranteed by the market mechanism. The market environment affects the technological value and popularity of a currency. Another important security of the coin is the unique technology for the means of payment. The system operates on the principle of complete confidentiality of transfers and the efficiency of transactions. Horizen cryptocurrency is an excellent alternative to existing banking systems.

Horizens strengths

Horizen is an innovative space that is completely private and secure. The system is perfect for carrying out financial settlements. The zero-value encryption process provides strong security and blockchain analysis. The process of creating Horizen takes place directly in an ecosystem that includes several elements:

 

ZenTalk. Registered users can exchange messages on the blockchain without any problems. All messages are directed to a Z-address. AES encryption is in 256-bit format;
ZenPub. Development allows you to publish documentation and create special channels for communication. High-quality file exchange is carried out through the special IPFS protocol;
ZenHide. A functional service is used to effectively combat censorship. The application includes domain fronting.
The platform has two types of transactional processes. Private operations are used to send information GRUnet or IPFS. Open transactions are similar in structure to Bitcoin technology. An alternative to master nodes are secure nodes. Secure nodes successfully cope with the complexity of traffic encryption, blockchain safety and providing high-quality protection for all Zen wallet owners.

The main technological requirements for the system of protected nodes are:

The minimum size is 4 GB of RAM.
SSL certificate.
Balance at 42Zencash.
High-quality monitoring of the communication channel in the SecureNodeHQ format. In the Z-transactions area, messages are received every 600 seconds. Answers are made according to the rules that are spelled out in White Paper.
In 2019, software was successfully developed for Windows, Linux and MacOS. Users have access to the mobile version and the implemented update of the Segregated Witness protocol. The increasing scalability of the network and the development of the next generation blockchain should increase the demand for this digital asset.

The main benefits of Horizen technology are:

complete confidentiality;
there is no way to get dirt on a registered user;
high level of network reliability;
all protocols used are scientifically sound;
high speed of transactions;
convenience of buying coins;
interchangeability.

Horizen in TOP currencies

As of early December 2019, Horizen is priced at $ 5.21. According to the CoinMarketCap rating, the cryptocurrency is ranked 71st. This position in the list is due to the ongoing market correction. The average daily trading volume of the Horizen digital asset in 2019 was $ 18 million. This figure is very impressive. The widespread popularity of the digital asset has been driven by innovative developments in the system. All transactions are securely protected with special encryption. Experts often refer to Horizen as “digital gold”.

The Horizen project is actively developing in various directions. The update of the zk-SNARK algorithm was a serious step towards improving the system. This made it possible to increase the overall speed of calculations several times. This event had a positive impact on the assets capitalization. As a result, the value of the coin on the exchanges increased to $ 110. At the same time, there was a market recession.

The official roadmap indicates the development of the project. The development team guarantees the optimization of the algorithm and the addition of a large amount of useful functionality. Over time, corporate exploitation technology will become available to users. As a result, the investment attractiveness of the project will increase.

The Zcash Foundation is actively working towards empowering zero knowledge proofs. Technological innovations of the system will have a positive impact on the popularization of the project. As a result, the value of the coin in the market will increase. Experts agree that the price of the cryptocurrency will increase several times in the next 2 years. Therefore, today it is profitable to invest in a coin in order to get the maximum profit in the future.