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What is ZEN coin? Introduction to the issue price, total volume and white paper of ZEN coins

ZEN Coin, a decentralized cryptocurrency offering privacy and anonymity, operates on the Horizen blockchain platform and was initially issued at $10 during its 2017 launch.

Oct 07, 2024 at 12:12 am

ZEN Coin: An Overview

1. Understanding ZEN Coin

ZEN Coin is a decentralized cryptocurrency that operates on the Horizen blockchain platform. It is based on the Equihash algorithm and provides features such as privacy, anonymity, and fungibility.

2. Issue Price and Total Volume

ZEN Coin was initially issued at a price of $10 during its launch in May 2017. The total supply of ZEN Coins is capped at 21 million, with a current circulating supply of around 11.5 million.

3. White Paper

The ZEN Coin white paper, released in May 2017, outlines the technical specifications, architecture, and goals of the project. It covers aspects such as the blockchain technology, privacy features, mining algorithm, and roadmap for development.

4. Key Features of ZEN Coin

Privacy: ZEN Coin utilizes a combination of encryption techniques and zero-knowledge proofs to ensure anonymous transactions and protect user privacy.
Fungibility: ZEN Coins are indistinguishable from each other, ensuring that their value and usability are not affected by their transaction history.
Speed and Scalability: The Horizen blockchain is designed to handle high transaction volumes and provides fast confirmation times for ZEN Coin transactions.
Security: ZEN Coin employs the Equihash algorithm, which is known for its resistance to attack and ensures the security of the blockchain network.

5. Applications of ZEN Coin

ZEN Coin has various potential applications, including:

As a means of private and secure payment.
For anonymous online transactions and purchases.
To facilitate decentralized applications and smart contracts that maintain user privacy.
As an investment asset with potential for value appreciation.

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