The development team focused on improving the privacy of users cryptocurrency Horizen announced this week the launch of the alpha mode sidechain, allowing designers and companies to quickly and inexpensively create custom blokcheyny.
The project’s blog says that the Horizen sidechain is the first important milestone on the road to creating an environment with multiple applications that will put into practice all the benefits of blockchain technology, including privacy and decentralization.
Horizen sidechain architecture uses a modular protocol, which focuses on functionality. In particular, the solution makes it possible to deploy systems with any types of rules – be it blockchain or any other type of computing system.
“Such modularity provides tremendous scalability, application design freedom and flexibility in which any component, provided that the interface meets the standards, can be changed over time, ” the developers write.
The main Horizen network is used solely to verify compliance with these rules and provide a common value token.
At the same time, the Horizen team introduced a new white paper project called “Blockchain platform for fully custom decentralized applications.”
As noted in the accompanying message, Horizen is creating a highly scalable, multi-functional blockchain system based on the Cross-Chain Transfer Protocol (CCTP), a completely new protocol that enables the launch of an unlimited number of completely decentralized sidechain ecosystems.
Recall that earlier the Horizen project was known as ZenCash, changing its name to the current one as part of the rebranding in August 2018 .
The native Horizen coin (ZEN), although today ranked 109th in the CoinMarketCap rating, is nevertheless included in Grary's Investments portfolio with Barry Silbert .
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