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When was ZEN coin issued? Learn about the origin of ZEN coin in one article

ZEN coin, the native cryptocurrency of the Horizen ecosystem, emerged in 2017 as a privacy-focused alternative to Bitcoin, deriving its name "ZEN" from the concept of pinnacle achievement.

Oct 19, 2024 at 08:11 pm

Navigating the Origin of ZEN Coin: A Comprehensive Guide

1. Birth of ZEN Coin

ZEN coin was conceived as a digital currency under the Horizen ecosystem in 2017.
It was officially launched on May 28, 2018, as an alternative to Bitcoin.

2. Horizen Ecosystem

Horizen is a decentralized blockchain platform that focuses on privacy and security.
ZEN coin is the native cryptocurrency of the Horizen ecosystem.

3. Origin of the Name

The name "ZEN" is inspired by the concept of "zenith," representing a point of highest excellence or achievement.
It reflects the Horizen team's goal of creating a technologically advanced and secure blockchain ecosystem.

4. Purpose of ZEN Coin

ZEN coin serves as a:
- Medium of exchange for transactions within the Horizen network.
- Stake reward for securing the network.
- Governance token for voting on protocol improvements.

5. Distribution

The total supply of ZEN coins is 21 million.
80% was distributed through a public mining process.
10% was allocated to the Horizen team for ecosystem development.
10% was allocated to early investors and contributors.

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