Thread by @RektGuru

When $SYS and #DUSK making a move due to ZK-SNARK technology then people should know about $ZEN which also supports zk-SNARKs technology.

Horizen - The Zero Knowledge Enabled Network of Blockchains

$ZEN Horizen, which uses ZKP cryptography to enable private blockchain transactions to be confirmed on public blockchains while concealing the details of each transaction.

$ZEN Horizen has also created a special auditing solution called ‘zkAudit’ to enable audits to be performed on private companies in a completely decentralized, transparent, and privacy-preserving manner through ZKPs.

$ZEN focus on privacy in its scalability solution design uses the leading privacy technology, zk-SNARKs, to enable verifiable communications between the Zendoo blockchains and the Horizen public mainchain.

$ZEN Zendoo sidechain model is decentralized in all its components. It leverages zk-SNARKs to verify cross-chain communications without relying on any third party.

With $ZEN Blaze SDK enables developers to launch a high-speed blockchain on the Horizen network and is designed to achieve high transaction throughput of up to 1,000 transactions per second per chain. The Zendoo platform can support up to 10,000 blockchains running in parallel.

With so many different requirements, it’s difficult to imagine how even a network of swiss army-like blockchains (i.e., Cosmos and Polkadot) can adhere to the needs of all the stakeholders mentioned. While these platforms enable developers to build their own custom blockchains,

all Cosmos ecosystem chains follow the same proof-of-stake consensus mechanism, while Polkadot limits the number of side chains (or parachains) that can be launched to just 100 while operating with just 300 validators compared to Horizen’s $ZEN 48,000 nodes.

In other words, developers on Cosmos and Polkadot can build crypto-economies optimized for speed yet still fall short of the privacy and security requirements necessary to appeal to enterprises or more traditional crypto users.

The main benefit Horizen $ZEN will offer is the ability to decide what type of blockchain infrastructure you want to build, all the way down to the type of consensus mechanism you wish to run (PoW, PoS, DAG, or even a traditional centralized database system).

Through $ZEN Zendoo SDK, developers can launch multiple independent and fully customizable sidechains capable of transferring value to each other using our cross-chain transfer protocol.

Operating $ZEN multiple sidechains can allow developers to achieve horizontal scalability, meaning their ecosystem can expand by building parallel and connected L1 blockchains to alleviate network congestion instead of building L2s on top of L1s.

Source : DappRadar and Horizen dot io.