RootData: Horizen token (ZEN) has increased by 33.65% in the last 24 hours

ChainCatcher news, according to RootData data, the Horizen token (ZEN) has increased by 33.65% in the last 24 hours, currently priced at $38.38.

Previous news, the SEC's official website shows that Grayscale has submitted the Grayscale Horizen Trust (ZEN) 8-K form.

According to the Web3 asset data platform RootData, Horizen is a blockchain ecosystem focused on achieving privacy and scalability through sidechains. The platform enables businesses and developers to create their own public or private blockchains and decentralized applications on its distributed network. The project uses a verifiable cross-chain transfer protocol called Zendoo as its sidechain solution, while also incorporating a zero-knowledge proof protocol (zk-SNARK) to ensure secure communication with the sidechains.