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Horizen to Permanently Disable its Shielded Pool

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

The Horizen team announced via X on Monday that on February 7th, 2024, the Shielded Pool will be permanently disabled on the Horizen Mainchain via a hard fork.

The Horizen team announced via X on Monday that on February 7th, 2024, the Shielded Pool will be permanently disabled on the Horizen Mainchain via a hard fork. Following this hard fork it will no longer be possible to perform any transactions involving shielded addresses.

As such, the team has advised users to move funds out of the shielded pool before then. Failure to remove shielded ZEN from shielded addresses prior to the hard fork will result in the loss of shielded ZEN tokens, 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 by more than 2% in the last 24 hours and is trading at $7.85.

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.