$ZEN is the native cryptocurrency of the Horizen ecosystem — originally launched on a Proof-of-Work blockchain focused on privacy and scalability. It has since transitioned and expanded its use cases into governance, staking, and interoperability with modern networks like Base (EVM compatible) while still emphasizing privacy and modular sidechains. �
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🔍 Key Fundamentals
Utility & Governance: ZEN serves as the utility token for fees, staking/secure node participation, and governance via DAO proposals (ZenIPs). �
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Supply: Capped at 21 million tokens, mirroring Bitcoin’s scarcity model. �
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Network: Horizen enables developers to build customizable blockchains connected to its ecosystem and prioritizes privacy tools (like optional zero-knowledge proofs). �
The Coin Republic
Recent Migration: Completed migration to an EVM environment (Base), positioning ZEN as a more interoperable Layer-3 appchain asset. �
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📊 Market & Risk Factors
Price Volatility: ZEN has historically shown wide price swings and attempted recoveries after breaking key levels, indicating market sensitivity and trader interest. �
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Security Concerns: In mid-2023, the network experienced a 51% attack, highlighting vulnerabilities when mining hashrate drops. �
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Utility Shift: The project no longer markets itself strictly as a privacy coin — this helped with exchange compliance but changed its original niche. �
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