Horizen Makes Strides with Successful Testnet Deployment

Horizen has achieved a significant milestone in the blockchain space with the successful testnet deployment of its Modular Proof Verification Chain. 

This innovative move underscores the project’s commitment to advancing blockchain efficiency and marks a pivotal moment in its development strategy.

By introducing a novel layer to the modular blockchain ecosystem, specifically designed to accelerate ZK proofs verification and settlements, Horizen is paving the way for enhanced performance and scalability in blockchain technology.

As the trading week comes to a close, Horizen has demonstrated positive momentum, with gains of 11% over the past seven days and an additional 6% today. This upward trajectory reflects growing confidence and interest in the project’s advancements and future prospects.

New Accumulation Levels For Horizen By Significant Investors

Furthermore, recent on-chain data indicates fresh accumulation of Horizen tokens by notable investors. Nansen founder Alex Svanevik, identified as @ASvanevik, made his debut purchase of Horizen tokens by spending 3 ETH to acquire 60,000 ZEN, averaging a cost of $0.18 per token.

Notably, ZEN serves as the project token for Zenith Farms, an automated airdrop tool that officially commenced trading on March 8th.

This strategic acquisition by Alex Svanevik underscores the growing recognition and potential of Horizen’s ecosystem within the blockchain community. As the project continues to innovate and expand its offerings, investors and enthusiasts alike are keenly observing its progress and future developments.

With the successful deployment of the Modular Proof Verification Chain and ongoing initiatives, Horizen is well-positioned to drive further advancements in blockchain technology and solidify its presence in the ever-evolving digital landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.