Horizen (ZEN) No Longer Privacy Coin

There is an ever-troubling tag on privacy tokens, with government crackdowns specifically directed at them. For this reason, Grayscale-backed protocol Horizen (ZEN) has unveiled plans to deprecate its mainchain shielded pools, an event that implies its privacy features will be removed from the Horizen main blockchain at the consensus level.

Timeline of Horizen

Auros, known for providing ample liquidity to exchanges and cryptocurrency projects through algorithmic trading and market-making, stated that they will provide the necessary liquidity to help achieve Horizen's goals.

Horizen, a leading layer-0 public blockchain, has unveiled its strategic partnership with Auros, a global algorithmic trading, and market-making firm. This collaboration, aimed at increasing access to Horizen's native token, ZEN, marks a significant milestone for both companies.

Horizen and Auros have entered a strategic partnership that will increase widespread access to $ZEN in preparation for the launch of Horizen's new EVM-compatible smart contracting platform EON. The collaboration is anticipated to significantly expand the EON ecosystem.

Horizen ZEN/USD has collapsed from $31.09 to $14.40 since the beginning of this month, and the current price stands at $21. The risk of another decline still persists, and if you decide to buy this cryptocurrency in the upcoming days, you should use a “stop-loss” order because the risk remains high. Horizen focuses on data The post Is Horizen (ZEN) buy opportunity after the recent sell-off? appeared first on Invezz.