Zencash rebranded to Horizen maintaining all of the project goals. It is a payment platform that aims to be a secure and useful privacy coin, offering users zero-knowledge proof shielded transactions over an end-to-end encrypted network provided by compensated secure nodes. The project launched as a fork of Zcash technology using zk-SNARKs, but is building out in a direction focusing on usability, grassroots community involvement, and a self-funding treasury model that compensates stakeholders for continued network improvements and growth.

The ZEN token is a cryptographic currency developed by Horizen. It is a privacy cryptocurrency that will serve the users as a medium to exchange value between them when using the Horizen platform.