Horizen Price

Horizen (ZEN) is a cryptocurrency that powers the Horizen blockchain platform, currently ranked #357 with a price of $7.5. It uses zero-knowledge cryptography to enable privacy and scalability for decentralized applications. The platform supports up to 10,000 sidechains with potential throughput of 10 million transactions per second. Horizen has a 24-hour trading volume of $12.87K with a +15.89% price change. Its market cap stands at $120.65M with a circulating supply of 16.08M ZEN out of a maximum supply of 21M ZEN. The project launched in 2017 and has evolved into a comprehensive ecosystem for Web3 applications, focusing on privacy, security, and enterprise solutions. Horizen tokens can be earned through mining and are used for network governance, transaction fees, and staking.

Horizen was created on May 31, 2017. It was initially launched as ZenCash before rebranding to its current name. The cryptocurrency was developed as a privacy-focused blockchain platform that emphasizes secure communications, private transactions, and decentralized applications. Since its creation, Horizen has evolved into a comprehensive ecosystem offering features like zero-knowledge proofs, sidechains, and enterprise solutions. As of 2025-06-24, Horizen has established itself as a notable project in the privacy and scalability sectors of the blockchain industry.

Horizen was founded by Rob Viglione and Rolf Versluis in 2017. Originally launched as ZenCash, it later rebranded to Horizen. The project emerged as a fork of Zclassic (which itself was a fork of Zcash) with a focus on privacy, security, and decentralized infrastructure. Today, Horizen has evolved into a comprehensive blockchain platform that specializes in zero-knowledge proof technology and is governed by the Horizen DAO, which oversees the continued development and strategic direction of the ecosystem.

Horizen operates on a blockchain platform that utilizes zk-SNARKs technology for enhanced privacy and security. The ZEN cryptocurrency works through a Proof-of-Work consensus mechanism, with mining as the primary method of generating new coins. Currently ranked #357 with a price of $7.5, ZEN has a circulating supply of 16.08M ZEN out of a maximum supply of 21M ZEN. The network supports multiple functions including staking, which allows holders to earn rewards by participating in network security, and voting rights for platform governance decisions. ZEN tokens serve as the fuel for the ecosystem, funding platform development initiatives and rewarding network participants. Horizen's blockchain also features sidechains that enable smart contract functionality, enterprise solutions, and scaling capabilities. With a 24-hour trading volume of $12.87K and a market cap of $120.65M, ZEN continues to develop its infrastructure for Web3 applications, DeFi services, and privacy-focused transactions.

Horizen operates on a multi-layered technical architecture that combines security, scalability, and privacy features. At its core, Horizen uses a modified Equihash proof-of-work consensus algorithm that is ASIC-resistant, promoting more decentralized mining. The network consists of two types of nodes: secure nodes and super nodes, which maintain the blockchain and provide additional services. The architecture includes a sidechain system called Zendoo that allows for the creation of customizable blockchains connected to the main chain. This enables scalability through parallel processing while maintaining security. Horizen also implements zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) technology for optional private transactions. The network has a maximum supply of 21M ZEN coins with a current circulating supply of 16.08M ZEN. The block time is 2.5 minutes with rewards distributed between miners (60%), secure node operators (10%), super node operators (10%), and the treasury (20%) for ongoing development.

Horizen has an ambitious roadmap focused on expanding its ecosystem through 2025 and beyond. The project aims to enhance its privacy features, scale its blockchain infrastructure, and develop more enterprise solutions. Key milestones include improving zero-knowledge proof technology, expanding sidechain capabilities, and strengthening DeFi applications on the Horizen platform. By 2026, Horizen plans to launch new Web3 integrations and expand its masternode network. The team is also working on enhanced smart contract functionality and cross-chain interoperability to position ZEN as a versatile platform for developers. The long-term vision includes becoming a leading solution for privacy-focused enterprise applications while maintaining its commitment to decentralization. With a maximum supply of 21M ZEN coins and current market cap of $120.65M, Horizen is strategically positioned for sustainable growth in the privacy and enterprise blockchain sectors.