Horizen Mainnet goes live on Base

Horizen’s mainnet is now live on the Base blockchain. Previously known as ZenCash, this move will bring compliance-friendly path to private onchain activity. It is already available as an ERC20 token with fixed 21-million supply which is same as bitcoin.

Horizen Mainnet goes live on Base

Right now, the ERC20 token resides on Base, a fast layer 3 blockchain. But soon, the Horizen team will launch an easy-to-use application on Base that will add privacy-focused features like selective disclosure, private transfers/swaps, and configurable identity and access controls.

And since Horizen uses the OP Stack and is fully compatible with the Ethereum Virtual Machine, developers will be able to easily deploy to Horizen without learning any new language. The team behind Horizen has allocated a million ZEN tokens to builders to create apps in finance, gaming, business tools, SocialFi and onchain services.

Staking is also about to return to ZEN. This will improve network participation and improve security of the ecosystem. Something called Confidential Compute Environment is also set to return to the Horizen. This will allow developers and builders to run encrypted computation directly onchain without learning advanced cryptography.