Hassan Maishera
The Horizen team announced via X on Wednesday that it has become the newest member of LF Decentralized Trust - the Linux Foundation's home for enterprise blockchain and decentralized tech.
Alongside members like IBM, Accenture, Oracle, and a growing ZK community, Horizen is joining the movement that shapes how privacy infrastructure gets built and adopted at scale.
Horizen aims to build a Proof-of-Work (PoW) cryptocurrency, with a Proof-of-Stake (PoS) sidechain platform enabling fully customizable decentralized applications.
Horizen is a modular privacy-first platform designed to make privacy technology, such as zero-knowledge proofs and TEEs accessible and usable across the web. Originally launched in 2017 as a fair launch, non-ICO project, Horizen is now undergoing a major evolution with the launch of Horizen 2.0, a next-generation Layer 3 (L3) appchain deployed on Base, the Ethereum Layer 2 developed by Coinbase.
Horizen 2.0 delivers performance, privacy, and scalability for developers building privacy-enabled and compliance-friendly applications, with significantly reduced cost and latency.
Horizen integrates a diverse stack of privacy-enhancing technologies (PETs) — including zero-knowledge proofs (ZKPs), trusted execution environments (TEEs), attribute-based encryption (ABE), multi-party computation (MPC), and fully homomorphic encryption (FHE) — to deliver scalable, flexible, and future-ready privacy solutions across its platform.
At the core of the ecosystem is ZEN, the native utility token used for governance, accessing privacy services, and fueling zkApp interactions. With its migration to Base, ZEN becomes an ERC-20 token, improving liquidity, interoperability, and composability across the broader Ethereum ecosystem. ZEN, the native token of the Horizen ecosystem, is down 3.35% in the last 24 hours and is trading at $5.93.
