Exploring Horizen: What It Is And How to Buy It
The crypto industry is filled with interesting projects. From those that focus on privacy to those that want to help people in developing countries, there are many different use cases for blockchain technology. As the interest in crypto continues to grow, so does the number of projects. This can make it difficult for investors to know which project is worth their attention and which one isn’t.
One of the projects that have been getting a lot of attention lately is Horizen. Horizen is a privacy-focused cryptocurrency that is built on the Zcash protocol. Here’s everything you need to know about Horizen and how to buy it.
What Is Horizen?
Horizen is a privacy-focused cryptocurrency that is built on the Zcash protocol. The project was initially launched under the name ZenCash in 2017. However, the team rebranded to Horizen in 2018 to reflect their expanded vision for the project. Horizen’s native currency is ZEN. You can use ZEN to pay for transaction fees on the Horizen platform and create custom tokens on the sidechain platform.
Horizen is much more than just a cryptocurrency. It’s a decentralized platform that allows anyone to create their blockchain applications. The Horizen platform has two main components: the main blockchain and a sidechain platform. The main blockchain is a public blockchain that anyone can use. The sidechain platform is a platform that allows developers to build custom private or public blockchains. This makes Horizen one of the most flexible and powerful platforms in the crypto industry.
Where to buy ZEN?
ZEN is listed on several popular cryptocurrency exchanges. But make sure to conduct thorough research to find one that meets your specific needs. Additionally, you can buy ZEN directly from the Horizen team.
Once you buy it, the best way to store your ZEN is in a cryptocurrency wallet that supports the Zcash protocol. The official Horizen wallet, ZenGO, is a great option. This wallet supports both ZEN and Zcash.
Tips for investing in Horizen
Before you invest in Horizen, you should keep a few things in mind:
- Research the team. The Horizen team comprises experienced professionals with a strong track record. Take the time to research the team and see if they have the skills and experience to deliver on their vision.
- Check the roadmap. Any good project will have a roadmap that outlines its plans for the future. Horizen’s roadmap is available on their website. Make sure you understand what the team is planning to do and whether or not they have the resources to do it.
A project’s community can tell you a lot about its long-term prospects. Horizen has an active and engaged community. Check out forums and social media to see what people are saying about the project.
Tips for investing in cryptocurrency
With the crypto space becoming more and more popular, many people are looking for ways to invest in digital assets. If you’re new to the space, it can be difficult to know where to start.
1. Do your research
Before investing in any asset, it’s essential to research and understand what you’re investing in. For example, there is a lot of technical jargon about cryptocurrency, and it’s essential to understand the technology behind it before investing. There are also a lot of different coins and tokens available, so it’s essential to choose one that you believe in.
2. Start small
When you’re first starting, it’s important to invest a small amount of money. If you lose money, it won’t be a significant amount. As you become more experienced, you can begin investing more and more. You can also diversify your portfolio by investing in multiple cryptocurrencies.
3. Use a reputable exchange
There are many different cryptocurrency exchanges available, so it’s essential to choose one that is reputable and has a good track record. Make sure to read reviews before selecting an exchange. It’s also important to consider the fees associated with an exchange. Some exchanges have higher fees than others.
4. Store your coins securely
Once you’ve purchased your cryptocurrencies, it’s important to store them in a secure place. Many people store their coins on a cryptocurrency exchange but this is not recommended as exchanges are often hacked. The best way to store your coins is in an offline wallet and not connected to the internet.
Final thoughts
Investing in Horizen can be a great way to make money, but it’s essential to do your research and understand the risks involved. Then, start small and use a reputable exchange.
Horizen is a great project with a lot of potential. The team is experienced, and the community is engaged. As long as you do your research and invest carefully, Horizen can be a great addition to your portfolio.
