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Horizen (previously ZenCash) is famous for their use of the Zero-Knowledge Proof mechanism. This mechanism allows transactions made on the network to be completely private and untraceable. While public transactions are supported, details of private transactions on the network are entirely hidden from public view, including the addresses of the sender and receiver and the transaction amount.

Though private transactions made Horizen and its native ZEN token famous, this is not its only gambit. The Horizen ecosystem also comprises a network of highly efficient sidechains that can handle 10,000 transactions per second (TPS). With multiple blockchains running in parallel that take the load off of the main chain, Horizen boasts the ability to handle an astounding 10 million TPS.

With one of the largest node bases in the blockchain world (over 42,000), and the ability to create cross-chain compatibility with any other chain through its Zendoo protocol, Horizen hosts some of the most sought-after dApps, such as Morpheus Finance, Celsius DeFi and Dash.