Project Safety Score: 79%
Updated 1 hour, 17 minutes agoHorizen is a modular platform focused on privacy technology, initially launched in 2017 as a fair launch project without an ICO. It is undergoing a transformation with Horizen 2.0, a Layer 3 appchain deployed on Base, an Ethereum Layer 2 solution, which leverages Ethereum’s security while implementing its own application-level integrity guarantees. The architecture emphasizes decentralization of privacy layers and simplifies its security model compared to earlier versions that used a hybrid PoW/PoS model.
The native token, ZEN, is used for governance, access to privacy services, and facilitating interactions within the ecosystem. With the transition to Base, ZEN is now an ERC-20 token, enhancing liquidity and interoperability within the Ethereum ecosystem. Governance is managed by the Horizen DAO, which enables community-driven decision-making through proposals. The platform aims to provide scalable and flexible privacy solutions for applications across various domains, including identity, decentralized finance, and gaming.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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Prior: Co-founder of ZenCashRobert has been instrumental in Horizen's development and has a background in blockchain technology.
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Prior: Co-founder of ZenCashAlexander has a strong technical background in blockchain and cryptography.
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The smart contract code was audited, and the report is available on Cantina's website. ([docs.horizen.io](https://docs.horizen.io/mainnet-migration-instructions/security-and-audit/?utm_source=openai))
- ✗Token supply can be minted by the owner
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