Horizen / ZEN Staking Guide
Staked has announced support for Horizen, a privacy-oriented cryptocurrency and platform for privacy-focused applications and services.
Horizen Super Nodes (ZEN-500) require 500 ZEN to operate and yield ~ 20.4% annually.
Staked pays 90% of block rewards to customers, and offers the industry’s only 100% SLA on block production.
Overview
Horizen, formerly known as Zencash, is a privacy-centric crypto network that features zk-snarks, a self-sustaining funding model, and an in development sidechain SDK. There are a number of interesting things happening in the Horizen ecosystem including ZenChat, ZenPub, ZenDAO, and Sphere. The sidechain SDK is expected to go live in Q4 of this year.
Grayscale Investments, a Digital Currency Group subsidiary with $1B+ AUM, runs the Grayscale Horizen Trust, an investment trust with ~ $2.5M USD in ZEN under management. Like the seven other crypto asset investment funds run by Grayscale, the Grayscale Horizen Trust is required to hold a single crypto asset and sells shares in the trust to investors.
Network Economics (4/9/2019)
Horizen features both Super Nodes (ZEN-500) and Secure Nodes (ZEN-42), which respectively require 500 and 42 ZEN to operate. Blocks feature a 12.5 ZEN reward and are produced every 2m 30s on average. Each block reward is split between Secure Nodes (10%), Super Nodes (10%), the ZenCash team treasury (10%), and miners (70%). Thus, Super Nodes receive 1.25 ZEN every block.
Horizen Super Node Setup Instructions
1. Make a new receiving address in the Horizen wallet.
Risk: Using a Ledger can result in the accidental spending of node collateral due to lack of control over addresses.
2. Send exactly 500 ZEN to the new address.
Funds never leave your wallet.
3. Email the address to Staked at horizen@staked.us.
You can repeat this as many times as required to launch multiple nodes. If you’d like a script to split up a large holding of ZEN into addresses for masternodes, please let us know.
Have questions about staking and your strategy? Find time to speak here.
About Staked
Staked helps institutional investors reliably and securely compound their crypto by 5% — 100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency.
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