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

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

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.

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!

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.

Blockchain analyst and front end web designer.

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:

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!

Trade hard. Joy is coming

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!

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

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.