Horizen (ZEN) API and Price Oracle

Horizen API Logo

Horizen

ZEN
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x0000...0000
Network
Blockchain network where the asset is deployed
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Horizen
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Horizen (ZEN)?

Horizen (ZEN) is a blockchain platform focused on privacy and scalability. It aims to provide secure and private digital transactions, messaging, and data storage. Founded in 2017 by Rob Viglione and Rolf Versluis, Horizen was formerly known as ZenCash. The name change reflects its broader vision beyond just digital currency. With a strong emphasis on privacy and sustainability, Horizen has gained popularity in the blockchain community.

How does Horizen work?

Horizen is a blockchain platform that leverages cutting-edge technology to enable secure and private transactions. It operates on its own blockchain called the Horizen Mainchain, which is based on a modified version of the Bitcoin protocol.

At its core, Horizen utilizes a mechanism called zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to ensure privacy and anonymity. This technology allows users to conduct transactions without revealing their transaction details or their identities. By using encryption and zero-knowledge proofs, Horizen ensures that sensitive information remains concealed.

Horizen also employs a unique consensus algorithm known as Equihash. This algorithm ensures the security and decentralization of the network by requiring miners to solve complex mathematical puzzles. Unlike traditional proof-of-work systems, Equihash aims to offer a level playing field, enabling anyone with basic hardware to participate in the mining process.

In addition to the Horizen Mainchain, the platform incorporates sidechains known as Zendoo. These sidechains enable the creation of decentralized applications (dApps) and facilitate interoperability between Horizen and other blockchain networks.

The primary objective of Horizen is to provide a robust ecosystem for building and deploying private, secure, and scalable blockchain applications. By integrating advanced cryptographic techniques, a modified Bitcoin protocol, and sidechain functionality, Horizen aims to address the challenges associated with privacy, scalability, and interoperability.

Overall, Horizen's underlying technology, zk-SNARKs, Equihash consensus algorithm, and Zendoo sidechains, work together to create a privacy-focused blockchain platform with extensive opportunities for innovation and development.

What are the benefits of Horizen?

Horizen is a blockchain platform that offers several benefits compared to its direct competitors. One of the key advantages of Horizen is its focus on privacy and security. Horizen incorporates zero-knowledge proofs and zk-SNARKs technology, which enables users to transact and communicate privately while keeping sensitive information securely encrypted. This emphasis on privacy sets Horizen apart from its competitors like Ethereum and Bitcoin, which have transparent and less private transaction histories.

Another notable benefit of Horizen is its scalable sidechain architecture. Horizen's sidechain solution allows for the creation of custom, application-specific blockchains that can interact with the main Horizen blockchain seamlessly. This flexibility enables developers to build decentralized applications (dApps) with ease and without congesting the main network. Direct competitors like Ethereum have faced scalability challenges due to high network congestion and increased transaction fees, making Horizen an attractive alternative.

Additionally, Horizen offers a fair and inclusive mining ecosystem through its unique proof-of-work (PoW) algorithm called Equihash. Equihash incentivizes participation from a broad range of miners, ensuring a more decentralized and secure network compared to competitors like Bitcoin, which has become increasingly concentrated with large mining pools.

In summary, Horizen provides enhanced privacy and security, scalable sidechain solutions, and a more inclusive mining ecosystem compared to its direct competitors. These factors contribute to the attractiveness and uniqueness of the Horizen blockchain platform in the blockchain industry.

What is Horizen used for?

Horizen is a blockchain platform that aims to provide privacy and security features for decentralized applications (dApps) and digital assets. It was previously known as ZenCash before rebranding in 2018.

One common use case for Horizen is the creation and execution of private and secure transactions. The platform utilizes zero-knowledge proofs and zk-SNARKs, allowing users to conduct transactions without revealing their sender, receiver, or transaction amount. This feature ensures privacy and confidentiality, making it suitable for individuals or businesses seeking anonymity in their transactions.

Another popular use case for Horizen is its focus on enabling secure and private communications through its messaging system called ZenChat. Users can send and receive messages with strong encryption, ensuring that their conversations remain confidential and free from surveillance.

One specific use case where Horizen shines is in the realm of secure voting systems. By leveraging its privacy and security features, Horizen can facilitate transparent and tamper-proof voting processes. This can be particularly valuable in scenarios where trust and data integrity are crucial, such as elections or decision-making within organizations. By utilizing the blockchain's immutability and Horizen's privacy features, a secure and verifiable voting system can be established, promoting transparency and integrity in the democratic process.

Overall, Horizen's primary focus is to provide privacy and security solutions for various applications, including financial transactions, secure messaging, and voting systems, making it a versatile platform for privacy-conscious individuals and organizations.

What is DIA's Horizen API?

DIA's Horizen API is a powerful tool that provides real-time price feeds for various crypto assets. It is part of DIA's comprehensive range of APIs and oracles that deliver verified data to smart contracts and decentralized applications.

With DIA's Horizen API, developers can access accurate and up-to-date price information for cryptocurrencies, NFTs, layer 1 and layer 2 networks, and other sources. These price feeds are meticulously constructed by aggregating raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring reliability and precision.

While DIA does offer free API endpoints for developers to test, the true value lies in the custom feeds they provide. These custom feeds can be tailored to meet specific requirements, allowing users to fine-tune their data sources, methodologies, and update mechanisms. If you need a custom configuration for a feed, DIA is ready to build a dedicated API price feed to cater to your specific needs.

The use cases for DIA's API are extensive and span across the blockchain ecosystem. For DeFi applications, the price information from DIA's APIs can be employed in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and much more. Similarly, in the realm of NFTfi, DIA's API can be utilized for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and countless other applications.

In summary, DIA's Horizen API empowers developers with real-time price feeds and customizable options, enabling them to build innovative and secure blockchain applications. Whether you require a free API endpoint for testing or a tailored feed to meet your specific needs, DIA offers the tools and flexibility to support a wide range of use cases. Contact DIA via Discord or Telegram to request a custom feed and unlock the full potential of their API.

What is DIA's Horizen price oracle?

DIA's Horizen price oracle is a smart contract that offers real-time price feeds for various crypto assets. With integration on over 35 layer 1 and layer 2 networks, DIA can deploy price oracles across multiple blockchains. This is made possible by aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accurate and reliable information.

While DIA provides free demo oracles for developers to test, these are strictly for testing purposes and cannot be used in production applications. However, DIA also offers the option to request custom configuration for dedicated price feed oracles. These custom oracles can be tailored based on specific requirements, such as sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The versatility of DIA's price oracles allows for various use cases in the blockchain ecosystem. In the DeFi space, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi sector, DIA's oracles can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

A blockchain oracle, as opposed to the company Oracle, is an external information provider that supplies verified data from outside the blockchain to smart contracts. These oracles play a crucial role in enabling smart contracts to access real-world data and interact with the wider ecosystem.

Why use DIA's ZEN API & price oracle?

DIA's ZEN API and ZEN Price Oracle offer numerous benefits for users in the blockchain ecosystem. These tools provide accurate and reliable price data for cryptocurrencies and NFTs, ensuring that users can make informed decisions.

The key advantage of using DIA's API or Price Oracle is the high level of customization available. Users can tailor each oracle and API endpoint to meet the specific requirements of decentralized applications. This customization includes configuring data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the feed. Such customization ensures robustness and resilience to unique market conditions associated with chosen data sources, providing a tailored solution for every user.

Transparency is another major benefit of DIA's API and Oracle feeds. Users can enjoy full and granular transparency throughout the entire data journey, enhancing trust and confidence in the information received. Moreover, DIA offers tracking and monitoring tools to closely monitor its oracle and API feeds, enabling users to stay updated and informed.

Overall, DIA's ZEN API and ZEN Price Oracle offer valuable customization options and transparency, empowering users with accurate and reliable price data for cryptocurrencies and NFTs. These tools enhance decision-making capabilities within the blockchain ecosystem and ensure resilience in unique market conditions.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.