Zencash (OP)
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July 26, 2017, 02:11:31 PM Last edit: September 04, 2020, 11:04:10 AM by Zencash |
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| | Horizen is an inclusive ecosystem where everyone is empowered and rewarded for their contributions. Horizens massively scalable platform enables businesses and developers to quickly and affordably create their own public or private blockchains on the largest node network in the industry. Horizens Sidechain SDK provides all necessary components for easy and fast deployment of a fully customizable blockchain. Horizen's native cryptocurrency, ZEN, is a mineable PoW coin available on exchanges including Bittrex, Binance, Huobi, and Changelly. Users can securely store and transact ZEN using Horizen's flagship app, Sphere, a multifunctional wallet that interfaces with most Horizen products and services.
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| | Horizens History | | In 2017, Horizen (formerly known as ZenCash) began as a chainsplit from Zclassic, providing a base of ZEN owners. Everyone who owned Zclassic at block 110,000 received ZEN by simply importing the Zclassic private keys into the new ZEN wallet after the launch, received the equivalent amount of ZEN. Horizen evolved from a privacy coin and into a sidechain-based system by building a technology platform with optional privacy features that aims to enable an application-rich and inclusive ecosystem to provide people with freedom and everyday usability. Once Horizen released their Sidechain Alpha, they shifted focus from being a privacy coin to a massively scalable general-purpose blockchain system. The shift allowed them to open more possibilities architecturally and better fit the direction of their project.
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| | Horizens ecosystem | |
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| | Zen Blockchain Foundation (ZBF) created in 2017 as a Delaware nonprofit corporation with the mission to facilitate focused protocol research and development, as well as the growth of the ecosystem. Horizens ecosystem is a broad collection of stakeholders:
- Horizen Community Council (HCC), a bridge between the community, the Foundation, and our corporate and academic partners.
- Developer Environment (HDE) an open-source developer community organized into a curated and compensated.
- Various corporate and academic partners, miners, node operators, and end-users.
- Academy provides free education around the topics of blockchain technology, online privacy and the Horizen project itself.
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| | Dev Environment | | | | HDE will be the main focal point for decentralizing contributions and is on the way. It will be focused on enabling collaboration, making contributing to our project fun and adding incentives for quality contributions.
It will be founded on two pillars:
- The GitHub process will add more structure to the collaboration on GitHub and Zen Improvement Proposals (ZenIPs) are a decision making process and governance mechanism that will be applied to new feature requests and proposed protocol changes.
- It is an established process in many of the larger blockchain projects.
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| | Network Infrastructure | |
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| | Secure and Super node operators are incentivized with a share of the block subsidy of each mined block. Currently, both node classes receive 10% of the total block subsidy, respectively. This incentivized user-owned infrastructure, achieving dynamic equilibrium in node count and returns to node operators, with the geographic placement of the infrastructure optimally dispersed to reduce network latency. Minimum requirements are necessary to ensure that Horizens node network is sufficiently capable of running a robust ecosystem of sidechains and the valuable applications that will reside on them.
Sidechains Horizen is designing Sidechains and a Sidechain SDK to allow developers and enterprises to quickly and affordably spin up their own blockchains. We segregated application logic from the main blockchain for both security and scalability so applications can be fully independent, rapidly deployed, and done so without the consent of other stakeholders in the ecosystem. Single protocol Cross-Chain Transfer Protocol (CCTP), a unique protocol that must be used by all sidechains, and it doesnt require the mainchain to follow the parallel blockchains will allow massive scalability and decentralization to the system. However, sidechains must track the mainchain.
Sidechain Use Cases
- Tokenization
- Privacy Preserving Blockchain Applications
- Smart Contracts
- Price Stable Assets
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| | How is Horizen Financially Supported? | | | | Horizen did not conduct an ICO or a pre-mine. Horizen uses a sustainable funding model with protocol-level solutions. Horizen funds project growth by using a portion of the miners reward, to be spent via a community governance model. In the Horizen network, 20% of the tokens are allocated for community development, marketing, maintenance, and other costs paid from the treasury. This ensures that there are always enough resources available for growth.
ZEN Specification
Horizens mainchain is currently a Bitcoin-like blockchain with Equihash Proof-of-Work (PoW) augmented with a delayed block penalty algorithm for additional protection against malicious chain reorganization. ZEN is the native cryptocurrency of Horizen. Its optional privacy feature allows you to control your digital footprint leveraging zero-knowledge cryptography.
- Algorithm: Equihash
- Total eventual supply: 21,000,000 (21 million), as per Bitcoin
- PoW block reward: 12.5 ZEN
- Current number of coins
- Division of each PoW block: 10% Secure Nodes reward, 10% Super Nodes, 20% Team's treasury, 60% miners reward.
- Coins per month: 216000 ZEN's
- Blocktime: 2.5 minute
- Reward halving period: every ~4 years, as per Bitcoin
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| | Voting System | | | | Horizen is building a decentralized autonomous organization (DAO) as a voting mechanism to allocate treasury funds to continue the development of the Horizen platform. The main purpose of the Horizen DAO Treasury and Voting model is to establish a decentralized and censorship-resistant funding mechanism for development and maintenance of the Horizen platform. The Horizen Treasury and Voting model is one of the most elegant Decentralized Autonomous Organization (DAO) models in the market. This Is a result of work with IOHK and InfoPulse to deliver a highly complex programmatic solution to the Horizen Treasury System. The ZenDAO uses economic theory, game theory, liquid democracy, and the latest privacy technology to allocated treasury fund resources.
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| | | | The Original White Paper |
| | | | 51% Attack Prevention |
| | | | Horizen Application Platform |
| | | | Horizen Sidechain Model |
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Horizen and IOHK R&D Partner!
| The research projects will be lead by Prof. Roman Oliynykov, a cryptographer, IT researcher, and lecturer. Prof. Oliynykovs team will handoff the prototypes and provide guidance to InfoPulse, a software engineering firm assisting the Horizen engineering team with the implementation of the two research projects. InfoPulse is contracted directly with Horizen. Horizen production implementation date is not yet available.
The first component of the IOHK research project is to implement a custom version of IOHKs reference treasury model for efficient decentralized resource allocation and community-driven preference adoption in governance.
The second key component of the IOHK research project is a core protocol upgrade to the Horizen blockchain to address one of the primary issues in the blockchain and cryptocurrency space: Scaling.
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 Sr. Member [center][table] [tr][td][url=https://horizen.io/][font=Proxima Nova][size=18pt][tt][color=#001240][u][color=#001240][b]H[/b][/u][/size][/font][/url][/td] [td][tr][center][url=https://horizen.io/][size=1pt][tt] [color=#00123e] ░░░ ░▒█████████████▓░ ▓███████████████████▓ ▓█████████▓▓▒▓▓▓████▓░ ▒███████▒ ░ ▓█████▓░ [color=#0AFF9D]░▒[/color] ▓█████▒ ░▓███████▓▒ [color=#0AFF9D] ░▓▓▒[/color] ░█████░ ░█████████████▒ [color=#0AFF9D]▒▓▒▒▓░[/color] █████▒ ░███████████████▓ [color=#0AFF9D] ▓▒▒▒▓ [/color] █████ █████████████████░ [color=#0AFF9D]▒▓▒▒▓░[/color] ░████▓ ░██████████▓▓▓▓▓███ [color=#0AFF9D]░▓▒▒▓░[/color] ▒████▓ ▒████▓▒░ [color=#408DFF]░▓▒▒▓░[/color] █████ ░███▓░ ░▒▒[color=#0AFF9D]▓▓▓▓▓▓▓▓[/color] [color=#408DFF]▒▓▒▒▓░[/color] ████████▓ ▒▒[color=#0AFF9D]▓▓▓▓▓▒▒▒▓▒▓▓░[/color] [color=#408DFF]▓▒▒▓▓[/color] ░██████ [color=#408DFF]░▓█▓▓▓▓▓▓▓▓▓▓▓░[/color] [color=#408DFF]▓▓▒▒▓░[/color] ▓███▒ [color=#408DFF]▒▓▓▓▓▓▓▓▒░[/color] [color=#408DFF]▓▓▒▓▓▒[/color] ▓█ [color=#408DFF]▒▓▓▒▓▓▒[/color] [color=#408DFF]░ ░▒▓▓▓▓▓▓▒[/color] [color=#408DFF]░▒▓▓▓▓▓▒▒▒▒▒▓▓▓▓▓▓▓▓▓▒[/color] [color=#408DFF]░███▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▒[/color] [color=#408DFF]░▒▓▓▓▓▓▓▓▓▓▓▓▒▒ [/color]
[/tt][/size][/center][/tr][/td] [td][url=https://horizen.io/][font=Proxima Nova][size=18pt][color=#1B2F59][u][color=#1B2F59] [b]R I Z E N[/b][/u][/size][/font][/url][/td] [td][table][tr][td][center][url=https://horizen.io/][b][font=Proxima Nova][size=12pt][color=#1B2F59]Unbounded By Design[/size] [color=#408DFF][size=2pt][color=#00123e]▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀[/color] ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ [color=#0AFF9D]▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀[/size][/td][/tr] [tr][td][url=https://www.horizen.io/zennodes/] [color=#001240][b]ZEN Nodes[/b][/color] [/url] [url=https://academy.horizen.io/][color=#001240] [color=#001240][b]Horizen Academy[/b][/color] [/url] [url=https://support.horizen.io/] [color=#001240][b]Help Desk[/b][/color] [/url][url=https://getzen.cash/] [color=#001240][b]Faucet[/b][/color] [/url][/td][/tr][/table][/td] [td][size=2pt][tt][color=transparent]█[/color] [color=#0AFF9D] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [/size][/td] [td][/td][td][center][size=8pt][font=arial][b][color=#00123e][url=https://horizen.global/invite/discord][color=#00123e]Discord[/url] [url=https://bt.irlbtc.com/view/2047435.0][color=#00123e]ANN Thread[/url] [url=https://blog.horizen.io/][color=#00123e]Blog [/url][url=https://t.me/horizencommunity][color=#00123e]Telegram[/url] [url=https://www.reddit.com/r/Horizen/][color=#00123e] Reddit[/url] [url=https://forum.horizen.io/][color=#00123e]Forum[/url] [url=https://twitter.com/horizenglobal][color=#00123e]Twitter [/url][/color] [/td] [td][size=2pt][tt][color=transparent]█[/color] [color=#0AFF9D] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [color=#0AFF9D]█[/color] [/size][/td] [/tr] [/table] [/center]
 Full Member
[center][font=proxima nova][url=https://horizen.global/][color=#001240][u][font=ariel][color=#001240][size=14pt][b]HORIZEN[/b][/size][/color][/font][/u] [color=#001240][size=14pt][b]►►► Unbounded By Design[/b][/size][/color][/url] [b][color=#244972][url=https://horizen.global/invite/discord][color=#408DFF]Discord[/url] -------- [url=https://bt.irlbtc.com/view/2047435.0][color=#408DFF]ANN Thread[/color][/url] -------- [url=https://www.youtube.com/channel/UCQ0v_lUnZHIKUQUXJzfgqOg][color=#408DFF]YouTube[/color][/url] -------- [url=https://t.me/horizencommunity][color=#408DFF]Telegram[/color][/url] -------- [url=https://forum.zencash.com/][color=#0AFF9D]Forum[/color][/url] -------- [url=https://twitter.com/horizenglobal][color=#0AFF9D]Twitter[/color][/url][/color][/b] [color=#408DFF]▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬[/color][color=#0AFF9D]▬▬▬▬▬▬▬▬▬▬▬▬[/color][/font][/center] Member
[center][url=https://horizen.io/][u][b]HORIZEN[/b][/u] [b]►►► Unbounded By Design[/b][/url] [b][url=https://horizen.global/invite/discord]Discord[/url] -------- [url=https://bt.irlbtc.com/view/2047435.0]ANN Thread[/url] -------- [url=https://blog.horizen.io/]Blog[/url] -------- [url=https://t.me/horizencommunity]Telegram[/url] -------- [url=https://www.youtube.com/channel/UCQ0v_lUnZHIKUQUXJzfgqOg]YouTube[/url] -------- [url=https://twitter.com/horizenglobal]Twitter[/url][/b] ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬[/center]
Jr Member
[center]HORIZEN ►►► Unbounded By Design | https://horizen.io/[/center]
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