From ZenCash to Horizen
Horizen, known as ZenCash before rebranding, started through a fork of the Zclassic (ZCL) blockchain. Zclassic itself was a fork of the privacy-centric cryptocurrency ZCash ZEC
More than just a ZCash ZEC fork
Since Zcash is also a privacy-centric crypto, Viglione noted he believes Horizen made a breakthrough in side-chain technology, which would help its network scale to accommodate large amounts of transactions more efficiently than those of Bitcoin or Ethereum.
Follow in the footsteps of leading digital currency asset managers
In September 2018 Grayscale Investments announced the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN.
Large scale institutional adoption
Financial institutions, hedge funds, investment sponsors, RIAs and family offices represent want in. These investors will require an investment vehicle that is secure and compliant in a rapidly changing regulatory environment.
Horizon ZEN has the lowest market capitalization of any digital asset available as an investment vehicle