Horizen Upgrade Transitioning Strategy to Private Layer 3 Architecture on Base and Token ZEN ERC-20
🔹Horizen has discontinued the old PoW chain and transitioned to an Appchain Layer 3 running on the Base network.
🔹Token $ZEN has now been reissued as an ERC-20 token on Base, increasing integration potential with Ethereum's DeFi ecosystem.
🔹The project utilizes Zero Knowledge Proofs technology to provide optional privacy, allowing applications to balance data security and regulatory compliance.
🔸The transition enables Horizen to leverage EVM compatibility, low fees, and the security of Base.
🔸In summary, Horizen has repositioned itself as a Layer 3 platform prioritizing privacy and regulatory compliance, functioning as part of the Ethereum ecosystem.
With these technological changes, what do you think the outlook for ZEN will be in the coming year?
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