{
  "url": "https://blockindex.ai/coin/zen",
  "name": "Horizen",
  "links": {
    "github": "https://github.com/HorizenOfficial",
    "website": "https://www.horizen.io/",
    "whitepaper": "https://www.horizen.io/whitepapers/ZEN-Whitepaper.pdf"
  },
  "dScore": 33,
  "market": {
    "priceUsd": 4.326032065403165,
    "marketCapUsd": 78306946.4342123,
    "volume24hUsd": 9985200.9653159,
    "priceChange7dPct": 0.01634142,
    "priceChange24hPct": -2.38851905
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 21000000,
    "circulating": 18101332.87278685,
    "circulatingPct": 86.1968232037469
  },
  "ticker": "ZEN",
  "founder": "Robert Viglione, Rolf Versluis",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:28.332293+00:00",
  "fairLaunch": true,
  "launchYear": 2017,
  "description": "Horizen (ZEN) began life as ZenCash in 2017 and has since evolved into a privacy-first, application-oriented blockchain ecosystem focused on delivering auditable and regulatory-compliant privacy primitives to builders and institutions. The project launched as a fair launch (non-ICO) and originally implemented a UTXO-based, privacy-focused architecture; over time Horizen developed a modular sidechain architecture (Zendoo/EON) that enabled custom consensus models and application-specific chains. In 2025 Horizen executed a major re-architecture called Horizen 2.0 — migrating the ZEN token to an ERC-20 on Base and launching a Layer-3 appchain mainnet on Base (Caldera) to provide EVM compatibility, higher throughput and interoperable privacy-enabled apps. The project combines R&D led by Horizen Labs with DAO-oriented governance (ZENIPs) and an ecosystem funding program to accelerate privacy-first DeFi and application development.\n\nTechnically, Horizen differentiates itself through a layered approach: Zendoo sidechains historically allowed custom execution environments and consensus models, while EON delivered EVM-compatible functionality for application developers. The Horizen 2.0 stack emphasizes privacy-enhancing technologies such as zk‑SNARKs, TEEs, attribute‑based encryption (ABE), MPC and experimental FHE integrations to support selective and auditable disclosure for compliance-sensitive use cases. The new L3 architecture on Base inherits settlement/finality properties from the Ethereum ecosystem while enabling Horizen-specific execution and governance. Key infrastructure and data partners referenced in project materials include Chainlink (oracle integration), Stork and Goldsky for real‑time/on‑chain data, and zk proof partners (zkVerify, Fermah, Singularity) to accelerate privacy tooling for dApps.\n\nHorizen’s tokenomics were designed around a capped supply: a 21,000,000 ZEN maximum supply is documented, with circulating supply reported around 17.64M (≈84.02% of max). The original 2017 fair launch implies no premine or initial public issuance percentage (premine and PIP are reported as 0% in the extracted DScore fields for the original launch). Horizen 2.0 introduces updated tokenomic allocations (including an announced allocation of 5,000,000 unminted ZEN for ecosystem growth and grants) to fund developer programs and incentivize adoption on the new platform. Market metrics in the combined sources show active liquidity and mid-single-digit USD pricing in late 2025, material exchange listings (including OKX and major CEXs) and multimillion-dollar daily trading volumes, supporting ongoing developer and partner integrations.\n\nGovernance is presented as DAO-led through ZENIPs and community discourse channels, with a developer funding program and on-chain proposal mechanics guiding protocol changes and ecosystem allocations. The project references Horizen Labs as an R&D and operational team that coordinates technical development and partnership activity, while community governance steers treasury and protocol decisions. Security history includes a notable attempted 51% attack in June 2018 (legacy PoW era) that spurred defensive consensus changes; with the 2025 migration to an EVM-aligned L3 on Base, the security model now relies on Base/Ethereum settlement and application-level privacy and integrity mechanisms. Looking forward, the project emphasizes privacy-first DeFi, confidential identity and trading primitives, and a grant-backed roadmap to encourage builders to leverage privacy‑preserving primitives in regulated environments.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoW/PoS",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 12,
    "governance": 15,
    "nodeDistribution": 0,
    "initialDistribution": 6
  },
  "decentralizationVerdict": "Centralized Leaning"
}