Review on Horizen by francis fernandez

Name: Horizen
Item: Horizen
Rating: 5

October 02, 2020

Horizen: A Collateral Chain of Multiple Profits

Horizen was initially known as ZenCash launched in the year 2017 with the ZCash coin.
Today Horizen is a blockchain that seeks to serve as a platform for the integration of private and secure communication services, a tool to execute electronic transactions and competitive consensus, under cutting-edge technology.
The purpose of the project goes beyond being a digital currency of the market. Its mission is to serve as a means of communication for content that can be stored privately and securely using blockchain technology for universal use.
The focus of the developers of the currency is focused on providing privacy to the user and granting him autonomy over the use of the same.
What protocol does this cryptocurrency use?
Horizen is a decentralized lateral blockchain platform that combines public and private blockchains in its infrastructure in a functional, secure and private way.
Its flexible decoupled consensus system is linked through the use of CCTP (Interchain Transfer Protocol) guaranteeing scalability, security, interaction with Sidechain SDK and decentralization of the network. It also allows it to be an auditable platform.
ZEN mining uses the equinash algorithm in Proof of Work (POW).
The miners obtain 60% of the total subsidized per block.
The total supply of the cryptocurrency is 21 million. Blocks are generated every 2.5 minutes and are 2.5 MB in size.
What is Horizen's security based on?
This platform has a node network system that works by levels, with secure nodes whose function is to decentralize the network to combat censorship from any jurisdiction. A secure node is achieved by having 42.05 Zen immobilized at a specific address mounted on a VPS.
Node operators get 20% of the total subsidy per block.
There are also Horizen supernodes that have the function of offering multiple services within the platform beyond the conventional uses of cryptocurrencies. His task in the Horizen network is focused on managing key functions, hosting the collateral chain services, reviewing the operation of the secure nodes and controlling the payment hours of the mining nodes.
Horizen is a complete ecosystem that offers decentralized applications, a source of training and free resources, under participatory cutting-edge technology. In addition, it provides a reward system that motivates everyone to be part of its inclusion mechanism.
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