What is ZEN coin? Where to trade and buy ZEN coins?

Horizen's enhanced security features, including ZK-SNARKs, secure nodes, and the ability to create sidechains and DApps, offer users heightened privacy and decentralization.

Oct 30, 2024 at 06:46 pm

What is ZEN Coin?

Horizen (formerly known as ZenCash) is a privacy-focused cryptocurrency that utilizes the Equihash algorithm for proof-of-work. It aims to provide users with enhanced security and anonymity compared to traditional cryptocurrencies like Bitcoin.

Key Features of ZEN Coin:

• ZK-SNARKs: ZEN supports zero-knowledge Succinct Non-Interactive Argument of Knowledge (ZK-SNARKs), a cryptographic technology that allows for private and verifiable transactions without revealing the details of the transaction.
• Secure Nodes: Horizen's blockchain employs secure nodes, which operate in a decentralized manner and protect the network from malicious actors.
• Sidechains and DApps: Horizen enables the creation of sidechains and decentralized applications (DApps) that interact with the main blockchain but have their own specific rules and features.

Where to Trade and Buy ZEN Coins?

ZEN coins can be traded and purchased on various cryptocurrency exchanges, including:

1. Binance: A popular global cryptocurrency exchange that offers ZEN trading pairs with over 20 fiat currencies and cryptocurrencies.
2. KuCoin: Another leading cryptocurrency exchange that allows ZEN trading with over 100 different cryptocurrencies.
3. Kraken: Known for its security and compliance, Kraken offers ZEN trading with USD, GBP, and EUR.
4. HitBTC: An established cryptocurrency exchange that facilitates ZEN trading with various fiat and cryptocurrencies.
5. Crypto.com: A mobile-friendly cryptocurrency exchange that offers ZEN trading with USD, EUR, and other fiat currencies.

Steps to Purchase ZEN Coins:

1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports ZEN trading.
2. Create an Account: Sign up for an account on the exchange and complete the necessary verification steps.
3. Deposit Funds: Fund your account with the desired currency or cryptocurrency to purchase ZEN coins.
4. Place an Order: Navigate to the ZEN trading pair and place a buy order at the desired price and amount.
5. Confirm Purchase: Review the order details and confirm the purchase.

Once the purchase order is processed, the ZEN coins will be credited to your exchange account. You can withdraw them to a secure wallet or hold them on the exchange for future trading or storage.