Horizen (ZEN)
Horizen is a zero-knowledge-enabled network of blockchains.
Horizen is a Zcash fork that uses TLS encryption for secure inter-node communication. Z-addresses (shielded addresses) can be used for completely private and anonymous transactions.
Horizen nodes are of 3 types:
- Regular full nodes have a full copy of blockchain network transactions & data.
- Secure Nodes are regular full nodes with special encryption, which secures communication between nodes.
- Super Nodes are powerful Secure Nodes that host Horizen sidechains.
The Cross-Chain Transfer Protocol (CCTP) enables ZEN tokens to be transferred between the Horizen mainchain and the individual sidechains.
The Horizen mainchain uses proof-of-work (POW) to maintain consensus while the sidechains use proof-of-stake (POS).
This is how new ZEN tokens are distributed:
- Miners: 60%
- Secure Node Operators: 10%
- Super Node Operators: 10%
- Horizen DAO: 20%