Tokocrypto to Support Horizen (ZEN) Smart Contract Swap, Suspension of Deposits and Withdrawals on July 21

Tokocrypto has announced support for the Horizen (ZEN) smart contract swap. As part of this transition, deposits and withdrawals of ZEN under the old contract will be suspended starting July 21, at 3:00 UTC.

ZEN Info

Horizen is a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, speed, and privacy. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. The first set of SDKs, Blaze and Latus, deploy blockchains based on IOHK’s provably secure Ouroboros proof-of-stake protocol. Blaze offers high-speed chains that declare their own certifiers and can run up to 1,000 TPS, while Latus uses a recursive SNARK composition for full decentralization. The next set of SDKs will include EVM integration for Ethereum smart contract compatibility.

Horizen’s native cryptocurrency, ZEN, can be staked to participate in the network.