Horizen (ZEN), formerly known as ZenCash, is a blockchain platform that focuses on privacy, security, and scalability, offering a range of features including private transactions, decentralized applications (dApps), and sidechain functionality.
Horizen implements advanced cryptographic techniques to provide privacy features such as shielded transactions, which obscure the sender, recipient, and transaction amount. This ensures that transactions remain confidential and anonymous.
The blockchain platform utilizes sidechains to enable the development of scalable and customizable blockchain applications. Sidechains allow for the execution of smart contracts and the creation of unique tokens while maintaining interoperability with the Horizen mainchain.
ZEN tokens, the native cryptocurrency of the Venus Protocol, are used for transaction fees, staking, governance voting, and incentivizing node operators.
