ecosystem: News of Horizen (ZEN) - July 2024 Price Update - 7.61% Breakout Crypto News and Analysis

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Horizen is known for its expertise in zero-knowledge-based blockchain technology. The Horizen team has made several advancements in the cryptography space, including the release of one of the first zero-knowledge-based scalability solutions called Zendoo. Their blockchain network provides a unique sidechain solution that allows developers to build their own scalable blockchains with the ability to support tens of thousands of transactions per second while maintaining true decentralization across tens of thousands of nodes. Horizen also features Zendoo, a sidechain system that enables the deployment of thousands of independent sidechains that communicate with the mainchain and each other. Horizen has expanded its ecosystem with the release of Horizen EON, an EVM compatible smart contracting platform with lots of integrations in the DeFi, RWA, and NFT space.

Spot the Main Event:

The Horizen community was told Binance has removed the monitoring tag for $ZEN, recognizing its strong performance and stability -Consistent Stability and Confidence: Indicates that $ZEN has demonstrated consistent stability and security, reducing concerns over volatility and risk. -Improved Listing Criteria: Indicates that $ZEN meets Binance’s stringent listing criteria, including strong development activity, team commitment, and a secure network. -Positive Market Perception: Reflects a positive outlook on $ZEN, increasing user confidence and encouraging more participation in the Horizen ecosystem. With the recent passing of ZenIP 42406, the Horizen ecosystem is set to transform to Horizen 2.0, following the vision of Horizen as a home for ZK and enhanced utility for $ZEN!

To God be the Glory

Spot the Main Event:

The Horizen community recently shared Binance has removed the monitoring tag for $ZEN, recognizing its strong performance and stability -Consistent Stability and Confidence: Indicates that $ZEN has demonstrated consistent stability and security, reducing concerns over volatility and risk. -Improved Listing Criteria: Indicates that $ZEN meets Binance’s stringent listing criteria, including strong development activity, team commitment, and a secure network. -Positive Market Perception: Reflects a positive outlook on $ZEN, increasing user confidence and encouraging more participation in the Horizen ecosystem. With the recent passing of ZenIP 42406, the Horizen ecosystem is set to transform to Horizen 2.0, following the vision of Horizen as a home for ZK and enhanced utility for $ZEN!

Trade hard. Joy is coming

Explore the Core.

Horizen is known for its expertise in zero-knowledge-based blockchain technology. The Horizen team has made several advancements in the cryptography space, including the release of one of the first zero-knowledge-based scalability solutions called Zendoo. Their blockchain network provides a unique sidechain solution that allows developers to build their own scalable blockchains with the ability to support tens of thousands of transactions per second while maintaining true decentralization across tens of thousands of nodes. Horizen also features Zendoo, a sidechain system that enables the deployment of thousands of independent sidechains that communicate with the mainchain and each other. Horizen has expanded its ecosystem with the release of Horizen EON, an EVM compatible smart contracting platform with lots of integrations in the DeFi, RWA, and NFT space.

Spot the Main Event:

Binance has lifted the monitoring tag for $ZEN, acknowledging its good performance and stability, the Horizen community has been informed. -Consistent Stability and Confidence: This lowers worries about volatility and risk because it shows that $ZEN has consistently shown stability and security. -Improved Listing Criteria: Shows that $ZEN satisfies the demanding listing requirements set by Binance, which include a secure network, a robust development activity, and team dedication. -Positive Market Perception: Shows that things are looking up for $ZEN, boosting user confidence and promoting greater involvement in the Horizen ecosystem. Following the idea of Horizen as a home for ZK and improved utility for $ZEN, the Horizen ecosystem is about to change into Horizen 2.0 with the recent passing of ZenIP 42406!

A dedicated learner!

Explore the Core.

If you're referring to Horizen (formerly ZenCash), they're building a cutting-edge blockchain ecosystem that focuses on scalability, security, and privacy

Blockchain analyst and front end web designer.

Explore the Core.

Horizen solves critical issues in the blockchain space, including scalability, interoperability, and developer flexibility. As a zero-knowledge-enabled network of blockchains, Horizen is powered by the largest node infrastructure in the industry. The Zendoo protocol enables blockchain interoperability using SNARK-verification, supporting up to 10,000 sidechains with a throughput limit of 10,000,000 TPS. This allows developers to deploy customized blockchains within a permissionless environment using various SDKs. The launch of Horizen EON, an EVM-compatible smart contracting platform, enables developers to build and deploy decentralized applications while benefiting from the Ethereum ecosystem. Additionally, Horizen is migrating its ecosystem to a new EVM-compatible parachain on ZKVProtocol, repurposing 60% of future ZEN block rewards to incentivize activities beyond PoW mining. This innovation enhances scalability, flexibility, and security in the blockchain network.

Spot the Main Event:

The recent development that significantly impacted Horizen's price is the adoption of ZenIP 42406 and the subsequent upgrade to Horizen 2.0. This upgrade includes the migration of the $ZEN ecosystem to a new EVM-compatible parachain built on ZKVProtocol. This move allows Horizen to deprecate the PoW main chain and repurpose 60% of future ZEN block rewards to incentivize other activities, creating new opportunities for utility and engagement within the network. The announcement of this transformative upgrade likely served as the breakout trigger, as it signals a major shift in the project's direction and capabilities. By enhancing scalability, interoperability, and developer empowerment, the upgrade positions Horizen for greater adoption and innovation. This news, combined with the community's proactive approach to security and best practices, has likely contributed to increased investor confidence and interest in the $ZEN token, driving its price upward.

Football coach and sports analyst

Spot the Main Event:

Binance removed the monitoring tag for ZEN, recognising it's strong performance and stability, this means: Consistent Stability and Confidence: Indicates that $ZEN has demonstrated consistent stability and security, reducing concerns over volatility and risk. Positive Market Perception: Reflects a positive outlook on $ZEN, increasing user confidence and encouraging more participation in the Horizen ecosystem. And as a result of the above, With the recent passing of ZenIP 42406, the Horizen ecosystem is set to transform to Horizen 2.0, following the vision of Horizen as a home for ZK and enhanced utility for $ZEN! 🔥 This is a strong and positive pointer to the reason behind the surge in price

Student

Explore the Core.

ZEN is the governance and utility token for Horizen, a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, and speed. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS. Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. In 2023, the ecosystem team launched Horizen EON, a public proof-of-stake sidechain and an EVM-compatible smart contracting platform that allows developers to efficiently build and deploy dapps on the Horizen ecosystem, while benefiting from the Ethereum ecosystem. Since going live with Horizen EON, DeFi projects including SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into the Horizen ecosystem.

Spot the Main Event:

Binance has removed the monitoring tag for $ZEN, recognizing its strong performance and stability!🎉💪 What does this mean for Horizen ($ZEN)? 🤔 -Consistent Stability and Confidence: Indicates that $ZEN has demonstrated consistent stability and security, reducing concerns over volatility and risk. -Improved Listing Criteria: Indicates that $ZEN meets Binance’s stringent listing criteria, including strong development activity, team commitment, and a secure network. -Positive Market Perception: Reflects a positive outlook on $ZEN, increasing user confidence and encouraging more participation in the Horizen ecosystem.

Explore the Core.

ZEN is the native cryptocurrency of Horizen. It is the native gas token powering the ecosystem, enabling the connections between our different chains

Spot the Main Event:

Horizen 2.0 surge with 1. Draft release of whitepaper 2. #zkVerify + #Horizen = Next-Level Blockchain Efficiency talk 3. passing of ZenIP 42406, the Horizen ecosystem is set to transform/transict to Horizen 2.0, following the vision of Horizen as a home for ZK and enhanced utility for $ZEN!

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