Topic: [ANN][ZEN] Horizen: Unbounded By Design - page 45. (Read 217223 times)

A new Sidechain Proposal by Horizen — Part 2

https://medium.com/coinmonks/a-new-sidechain-proposal-by-horizen-part-2-8e08e6513a16?sk=218c237305af2ab32a81bd1b254c9fa9

Nice pics. Thanks for sharing over here

Rolf Versluis @Texas Bitcoin Conference

https://www.youtube.com/watch?v=31xNbIjYweg

Zen trades on the decentralized bisq network
https://docs.bisq.network/getting-started.html

whenever you plan to invest in any project, first look at their use case, their team and marketing strategies.

I find this project has a lot of potential as they have decent amount of target and they keep meeting them.
Their development team is quite good and their updates are regular on an timely manner.

Recently they were attached by 51% attack but they quickly took precaution and updated the community. Horizen has also released a software upgrade which makes this attack nearly impossible to perform. Their marketing team is also quite dedicated.

So as per me, I find this team quite good. So I have invested in this. The price is bit sluggish and it's quite undervalued. Might be a good time to accumulate some.

Interesting interview by CryptoWendy and Rob. The format was quite good. Looked more like a friendly talk.
Link below

https://youtu.be/O_G7e9dseqo

Is this a good coin to invest?

Rolf Versluis is @TexasBitcoin today!

- Horizen Secure Nodes have established one of the most secure, distributed, and resilient network, powering the Horizen ecosystem and offering enhanced privacy as the first to market end-to end encrypted blockchain network. All communication between nodes , wallets,  are encrypted which is not case with the classic masternodes. There are already over 19.000 of Secure Nodes on the Horizen network, and this number increases every day.



Horizen migrated from a cryptocurrency to platform concept. A new node class Super Nodes, were recently introduced to augment the ecosystem along with Secure Nodes. All node operators, exchanges, and pool operators were updated from the previous version before June 19th 2018. when the current version is deprecated and stoped working (at block 332576).

Super Nodes introduce side-chaining, and they are able run a bunch of different services. First service what was justified or was the motivation for creating those new classes of nodes was to migrate the logic for the Secure Nodes tracking and payment system of chain to on chain, and this is very important for the future of architecture of system so make it more censorship resistant. Main motivation here is to create the world’s most censorship resistant privacy oriented platform. There are already over 2.000

Main ideas behind Super Nodes is further decentralization of network, zero delay payments with instantZen and moving all of the tracking and payment logic on chain. We don’t want discrete server clusters that could not be taken down either from hackers or bad governance.
More technical details can be found in this white paper:
https://www.horizen.global/assets/files/Horizen-Application-Platform-Whitepaper.pdf

We propose a novel sidechain construction tailored to be compatible with the Horizen blockchain and designed for conducting secure and decentralized cross-chain transfers without requiring the mainchain nodes to track sidechains to verify them. The proposed scheme can also be adopted for other similar blockchain systems. We show that our cross-ledger transfer mechanism is secure under certain plausible assumptions.
More technical details can be found in this white paper:
https://www.horizen.global/assets/files/Horizen-Sidechains-Decoupled-Consensus-Between-Chains.pdf

DAO - will be our first sidechain and will be released incrementally.
Total reward pool for node operators is 20% and this is main big change on our system. We have increased treasury to 10%,
we are preparing our own treasury voting system, and the increase of 1.5% is for overcoming voters’ apathy, we are going
to pay voters to vote. Those funds are reward for voters, because we want to provide positive initiatives for joining this ecosystem.



This decentralised infrastructure is important for our Platform and all apliactions and functionalities.

Our Horizen German team had a great time yesterday at HS Mittweida!

meetup at @cryptospace
https://www.facebook.com/cryptospace.us/videos/1976542712399498/?t=0

ZEN is now listed on Bitbibe Decentralized Wallet & Exchange.
+ Wallet : https://wallet.bitbibe.io
+ Exchange : https://dex.bitbibe.io/ZENBTC

Based on the idea of Ethereum Decentralized Wallet, Bitbibe is the Decentralized Wallet & Exchange for Bitcoin and Forked Altcoin, for more information, please check our website http://bitbibe.io.

We also have an Airdrop campaign for the first 2000 participants. This campaign will be ended on 31 October 2018 (less than 1 week). Click here to get more information:
https://medium.com/@bitbibe.technology/guide-to-receive-bitbibe-technology-coin-bibe-in-1-minute-8671cf470ce

What puts ZEN most at risk of a 51% attack (besides a fault in its consensus algorithm) is that it attracts a small minority of the total Equihash hashrate that is available globally. Consequently, as long as you can rent Equihash hashpower on NH, MRR, etc. far in excess of your coin's network hashrate you are vulnerable to attack. Again, with the proviso that your consensus algo is susceptible to this kind of manipulation in the first place.



On this I agree with you - DERO is a CryptoNight-based coin that has already implemented a BlockDAG type consensus algo and it has successfully withstood all attempts at 51% attack (so far, anyway).



Meh. The market is partially to blame, sure, but taking just the last month as an example, BTC is down <4%, ZEC is down <9% while HoriZen is down >14%; ZEN is clearly underperforming the benchmark crypto, BTC, as well as its closest peer, ZEC.



That was a good reason to change the logo, yes, but not to change the name. ZenCash had fairly good name recognition which also implied it was a currency. HoriZen, in contrast, is more of a hokey pun of a name which doesn't provide any clue as to what it is. Frankly, when I see "HoriZen" it makes me think of a yoga studio or a landscaping company that specializes in Japanese rock gardens...



Distancing from ZEC is all well and good, but trying to claim HoriZen is more than just a currency at this point in time is misguided. This is because if you ask anyone who has more than just heard of crypto (ie - has mined or traded it) what crypto is the vast majority will say it is a replacement for fiat currencies. Trying to distance a project from the primary perceived function of crypto only makes sense if there a laser-like focus on solving a specific problem and using crypto to do so is highly advantageous. What, in essence, does HoriZen do - or intend to do - better than anything else? Send private messages? No, Telegram, Signal and even ProtonMail are better at that.

Furthermore, Secure/Super nodes are just another form of masternode PoS scheme and the vast majority of MN coins are shitcoins and/or scams. Why ZEN wanted to associate itself with scammy shitcoins is beyond me, and diverting 20% of mining rewards to pay these Super/Secure nodes only added insult to injury (and made already terrible mining profitability even worse, of course).

I realize this all sounds kind of harsh and I do think you, personally, are a credit to the ZEN team overall, but the coin went in a direction I no longer find compelling so I stopped supporting it. And based on the price action over the last few months - ever since the rebrand took effect, basically - the market seems to agree with me.

check the store  https://store.horizen.global/

Excellent post and you have earned some Merit from my side
But please next time use   or  to reduce image size. 

Security is the most important and this is explained  many times in this thread. This project once faced 51% attack and this had devastating effects on price, duo to various speculation which accrued immediately after this event. We cannot afford this to happen again.
In case of fork we would be very vulnerable without efective protection and in this transition we could be an easy targerg for another attack.
This decision not to fork was the most rational decision in current situation.

This is not an "ASIC party" Anyway we are working on our own solution for this problem.

GPU mining Situation with GPU mining is not good anyway and without this fork.
GPU mining becoming less and less profitable and causes are various not only ASIC.
Horizen cannot be blamed for this situation.

Bearish Trend In this situation with lot of speculation around BTC and volatile market you cannot expect miracles.
Anyway this is not an speculation thread so I will avoid talking about price.

Why rebranding?



Well this extending of brand and changing of logo was strategic move to avoid future potential problems.

Also we are distancing our project form ZCash, we are not only cryptocurrencie, we are platform now

New logo represents our values, qualities, and technology, it is attractive and versatile. ZenCash expanded their brand to reflect it’s direction with technology advancements and social innovations!

Here’s a bit more about our branding process: https://docs.google.com/document/d/1JfjOPyGGZLVj7yIgrizpMcmOysE8pteJW3jS9N9SkSE/edit

https://www.youtube.com/watch?v=lcR7gOAkZHY&t=1s

Testing new styles to convince !! I hope everyone likes it.



https://steemit.com/horizen/@eddyc/horizen-complete-and-additional-to-the-next-trend-safe-as-a-tiger-and-sturdy-as-a-lock


 

The time to buy is now.

I tried my luck and submitted a name. Fingers crossed. Still good to let's the community choosing the name.

I can provide my single data point: I sold all my ZEN in large part because I was disappointed at the decision to embrace Equihash ASICs. Networks are secured based on the total energy cost to a first order and distribution of the hashpower geographically to a second order; ASICs tend to reduce both factors.

Also, I thought the rebrand was stupid and HoriZen seems to be losing its way by trying to be too many things at once. While the goal of being a platform sounds good, it really is a solution in search of a problem right now; maybe in 10+ years when (if) crypto is in widespread use a platform will be more compelling, but right now I am much more intrigued by coins that provide a solution to a niche problem (e.g. - LTHN and its crypto-based VPN) or which are focusing on a single, if more broad, application (e.g. - DERO's private smart contracts or MUSIC's new way of directly compensating musicians per play).

Hello, dear miners!


Features:
- Mining to exchange
- Workers

Contacts:
telegram EN : https://t.me/joinchat/B-GpfU1DYnzi5mhQ45I3rQ
telegram RU : https://t.me/joinchat/B-GpfUYWGEzx89L1N10Vzg
discord : https://discord.gg/VQYuE8t

Welcome & Lucky Mining!