How To Buy Horizen (ZEN)?

A common question you often see on social media from crypto beginners is “Where can I buy Horizen?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Horizen on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports Horizen (ZEN)

First, you will need to open an account on a cryptocurrency exchange that supports Horizen (ZEN).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Horizen (ZEN) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Horizen (ZEN)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Horizen (ZEN) or Horizen (ZEN) trading pairs. Look for the section that will allow you to buy Horizen (ZEN), and enter the amount of the cryptocurrency that you want to spend for Horizen (ZEN) or the amount of fiat currency that you want to spend towards buying Horizen (ZEN). The exchange will then calculate the equivalent amount of Horizen (ZEN) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Horizen (ZEN) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Horizen (ZEN)?

Horizen is 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, speed, and privacy. 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. The first set of SDKs, Blaze and Latus, deploy blockchains based on IOHK’s provably secure Ouroboros proof-of-stake protocol. Blaze offers high-speed chains that declare their own certifiers and can run up to 1,000 TPS, while Latus uses a recursive SNARK composition for full decentralization. The next set of SDKs will include EVM integration for Ethereum smart contract compatibility.

Horizen’s native cryptocurrency, ZEN, is a mineable PoW coin. ZEN can be staked to participate in Horizen’s nearly 50,000 full node network.

Who Are the Founders of Horizen?

The founders of Horizen are Rob Viglione and Rolf Versluis.

Dr. Rob Viglione is the co-founder and CEO of Horizen Labs and the co-founder and team lead of the Zen Blockchain Foundation. He holds a Ph.D. in Finance, an MBA in Finance and Marketing, and a Bachelor’s in Physics & Applied Mathematics. Additionally, Rob has been an advisor to some of the most transformational blockchain projects globally, including Aave, and he previously worked as a scientist in the space industry.

Rolf Versluis is the co-founder and executive advisor of the Zen Blockchain Foundation. He is an experienced business owner in the IT industry and owns a mid-size mining operation. In the past, Rolf worked at Cisco Systems, the semiconductor industry, and as a nuclear-trained officer in the US Submarine force.

Jane Lippencott was a member of the founding team and co-author of the original whitepaper. She is now a partner at a16z Crypto, the digital asset unit of venture investing giant Andreessen Horowitz, and was previously an associate at Winklevoss Capital. Jane is a 2021 VC Cohort at All Rise, an advisor at Teller Finance, and a mentor at the Open Web Collective, as well as a mentor at Celo and Katapult Accelerator. She is a contributor at Nakamoto.com. She worked as a mentor at Blockchain for Social Impact Coalition (BSIC), a mentor at dLab and a mentor at Ethereum Classic Labs, an advisor at Unbounded Capital, a mentor at Techstars, and was a member of the Board at Cord.

What Makes Horizen Unique?

Horizen is known for its expertise in zero-knowledge-based blockchain technology. Their team has made several advancements in the cryptography space, including their zero-knowledge privacy tool library, called Ginger-Lib, and for the release of one of the first zero-knowledge-based scalability solutions.

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 offers unique optional privacy features.

Horizen is a fully decentralized zero-knowledge-enabled blockchain ecosystem that offers massive scalability and optional privacy features. Horizen features Zendoo, a sidechain system that enables the deployment of thousands of independent sidechains that communicate with the mainchain and each other.

Blockchain transactions are verified by network nodes, which requires significant computational power. This is why most blockchain networks have a cap on the number of transactions they can process at any given time. However, developers on Horizen can operate more than 10,000 independent blockchains simultaneously while handling up to 10 million transactions per second across all sidechains (an average TPS of 1,000 per chain). This is largely due to Horizen’s node network being one of the largest and most distributed networks in the industry. This enables their network to be fully decentralized while maintaining high throughput for transactions across the network.

Horizen is decentralized on the technical level and is moving towards being fully decentralized on the governance level with initiatives like Zen Improvement Proposals and the Horizen Community Council. Horizen uses the ZenIP process to standardize the process of suggesting major changes to the Horizen code base and ecosystem.

Official website: https://www.horizen.io/

Best cryptocurrency wallet for Horizen (ZEN)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Horizen (ZEN)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).