Horizen’s Pivotal Shift: Unlocking New Frontiers on Coinbase’s Base Network
Main Idea
Horizen (ZEN) is transitioning from its native layer-1 network to Coinbase's Base ecosystem as an ERC-20 token, aiming to enhance scalability, interoperability, and privacy through a new layer-3 appchain.
Key Points
1. Horizen, originally ZenCash, is a privacy-focused blockchain that is migrating to Base to leverage Ethereum's Layer-2 benefits and improve its utility.
2. The migration includes transforming ZEN into an ERC-20 token, increasing its accessibility and integration with Ethereum-based platforms.
3. A key feature of Horizen 2.0 is the development of a layer-3 privacy-focused appchain on Base, maintaining its commitment to privacy while utilizing Base's infrastructure.
4. Existing ZEN holders will need to follow official instructions to migrate their tokens, with the total supply remaining capped at 21 million.
5. The move may serve as a blueprint for other blockchains seeking to enhance scalability and interoperability by adopting Layer-2 solutions.
Description
BitcoinWorld Horizen’s Pivotal Shift: Unlocking New Frontiers on Coinbase’s Base Network The cryptocurrency landscape is in constant flux, marked by relentless innovation and strategic evolution. A significant development shaking up the privacy-focused blockchain sector is the monumental shift of Horizen (ZEN) from its native layer-1 network to Coinbase’s burgeoning Base ecosystem. This isn’t just a simple move; it’s a strategic pivot, dubbed Horizen 2.0, designed to redefine its presence and ut...
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