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Horizen is no Longer a Privacy Coin Following the Latest Hard Fork

Twitter icon  •  Published il y a 2 mois  •  Hassan Maishera

The Horizen team announced via X on Thursday that it is no longer a privacy coin following its latest hard fork.

The Horizen team announced via X on Thursday that it is no longer a privacy coin following its latest hard fork. Earlier today, at Block Height 1502800, the hard fork removing the Shielded Pool was successfully activated on the Horizen mainchain.

The Shielded Pool is now permanently disabled on the Horizen Mainchain and this means that it is no longer possible to perform any transactions involving shielded addresses.

Following this hard fork, shielded pool transactions will be rejected, and only transparent transactions (t -> t) can be submitted, the team added.

Horizen aims to build a Proof-of-Work (PoW) cryptocurrency, with a Proof-of-Stake (PoS) sidechain platform enabling fully customizable decentralized applications. ZEN, the native token of the Horizen ecosystem, is up less than 1% in the last 24 hours and is trading at $8.38.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.