Horizen, formerly known as ZenCash, is a blockchain platform that focuses on security, and decentralization. It aims to provide individuals and businesses with the tools and infrastructure to protect their sensitive data while enabling a wide range of applications. In this module, we will explore the core principles of Horizen and its contributions to the blockchain ecosystem.

The native cryptocurrency of the Horizen network is the ZEN token. ZEN serves as the primary means of value transfer within the Horizen ecosystem, facilitating transactions, staking, and governance. Holders of ZEN can participate in the network as masternode operators, contributing to the network’s security features while earning rewards for their contributions.

Masternodes play a crucial role in the Horizen network. They provide computational power, support network infrastructure, and participate in consensus mechanisms. To become a Horizen masternode operator, individuals need to fulfill specific requirements, including holding a predetermined amount of ZEN tokens. Masternode operators are incentivized through rewards for their contribution to the network’s security and performance.

Horizen employs a secure node architecture, which allows individuals to run nodes that help maintain the network’s security. Secure nodes support the network’s decentralization, contribute to block validation, and participate in network consensus. Secure node operators receive rewards for their contributions, promoting a robust and distributed infrastructure.

Horizen operates under a decentralized autonomous organization (DAO) model, allowing community members and masternode operators to participate in decision-making processes. DAO governance ensures that network upgrades, funding proposals, and development decisions are made through a decentralized and consensus-based approach.

Horizen is committed to addressing scalability challenges in blockchain technology. Through the implementation of sidechains, Horizen enables the development of scalable and customizable applications while ensuring security. This approach allows for increased transaction throughput and a better user experience.

Horizen actively seeks partnerships and collaborations to expand its ecosystem and promote adoption. By working with businesses, developers, and other blockchain projects, Horizen aims to create synergies, enhance interoperability, and drive innovation in the blockchain space.

Highlights

• Horizen is a blockchain platform that utilizes masternodes to enhance its functionality.
• It focuses on scalability, and interoperability.
• Masternodes in Horizen perform tasks such as secure node-to-node communication and maintaining the network’s integrity.
• Horizen’s masternodes enable features like Secure and Super Nodes, providing enhanced network resilience.