Horizen a cryptocurrency which for its development, its team, important alliances with leaders in the industry like IOHK, the super nodes that they plan to implement and that they are already developing, will make them fix their eyes in this year 2018, especially for the last quarter, at this time is at a price that is around 20 dollars, and projected to reach 65 dollars at the end of the year, Horizen is a currency of privacy, which works with ZK-Snarks technology, ie zero knowledge around the transactions, neither the issuer, nor the receiver, nor how much the transaction was known, all these data are confidential, apart from its economic activity this cryptocurrency allows, the exchange of messages and files anonymously, It is a quite complete project.
This is a coin that was born in May 2017, it was the product of a ZetaClassic fork, of this coin the blocks run every 2.5 minutes and the reward given to the miners is 12.5 Horizen, it is from the POW algorithm that is proof of work, people who download a copy of the software on their computer, known as a secure node that is downloading the chain of blocks, take 3.5% of the distribution, providing validation, security, confirming transactions, help support the network and in In the case of Horizen you must have only 42 coins, this margin of 3.5% is going to be extended to 20%.
The importance of these secure nodes for Horizen, are as an additional layer of security, which allows you, transactions, messaging, publications in a completely anonymous way, in Horizen there are more than 8 thousand nodes, something similar to the Bitcoin number, and they are distributed in a decentralized manner, something that this project is betting on, in addition to privacy, these nodes have basically taken place in the last six months.
As for its association with IOHK, these leaders in the industry, who are also behind Cardano and Ethereum Classic, this alliance for research and development will be for two important projects, the first is a voting system and the second scalability. In the first, what they seek to do with the voting system is that any user or developer does not necessarily have to be in a Horizen office, they can develop or issue a proposal to improve the cryptocurrency, product of that will be submitted to a voting by Horizen users, obviously you have to have the currency and if you vote directly you will receive coins and if you can not delegate the vote.
The second thing is that they want to go from a Blockchain system to a DAG system, this means that some transactions are the ones that confirm the following, in addition to these two projects Horizen announces improvements in their different wallets, there will be a re-launch of the Horizen white book, this gives an extra plus to the cryptocurrency, in the talk of the software administrator, co-founder and team leader, Rob Vigilone, point out the details about the secure nodes, describe the new system requirements and payment adjustments, among others things.
Posted from my blog with SteemPress : http://jacksonmil980.timeets.xyz/2018/08/29/horizen-project-zen-previous-zencash/