The native coin for the blockchain ecosystem of Horizen is called Zen. With Horizen, users may share, exchange, and release communications, data, and value in a secure, private, and peer-to-peer manner. It aims to become a blockchain hub for private messaging, secure communication publication, and a decentralized platform for property administration. The Zen team contends that people have been denied their rights to privacy, property ownership, and private expression. It aims to restore these rights using blockchain technology for this reason.
Horizen asserts that in a tightly controlled world, billions lack basic rights like property ownership, privacy, and knowledge. Some of these issues can be resolved technologically, and Zen’s initial implementation will do just that.
Horizen makes value transfer simple by supporting both public (T) and private (Z) addresses.
Z addresses are referred to as “shielded addresses” and use the most recent privacy technology to conceal the sender’s and recipient’s addresses as well as the amount sent. T addresses are ordinary addresses with transactions comparable to those on the Bitcoin blockchain.
Pick a secure wallet
The first thing you should consider when handling money is security. If the money is not kept in the wallet safely enough, no amount of handy features will help. In essence, sticking with wallets is advised. Since they never store or distribute users’ private keys or personal data, they seem more dependable than custodial ones. By becoming the sole custodian of your funds, you eliminate any possibility of information leaks or non-custodial hacker assaults resulting in fund loss.
Check the update frequency
The fundamental tenet of the digital world is that security and ongoing development go hand in hand. Find an ever-updating wallet to protect your cryptocurrency holdings. The crew regularly announces all the new features, upgrades, bug patches, and other enhancements. For this kind of news, browse the wallet’s official website, social media profiles, and community forums. Find a more active development team if you notice a prolonged silence in the sources mentioned above.
Read through the wallet reviews
Developers will occasionally make every effort to hide all of the shortcomings of their wallets. Therefore, in addition to information from the official website, you might need to browse through reviews from objective users. To achieve this, you must either visit specialized review websites like Trustpilot or Google Play’s dedicated section for mobile applications. Additionally, pay attention to how developers respond to your feedback. Do they respond promptly, courteously, and frequently? Do they respond in any way? If not, you might want to look for another location to save your Horizen cryptocurrency.
Create a wallet
These four steps will let you create a Horizen wallet.
- Click the “Create Wallet” button on the Guarda Wallet main page at https://guarda.co;
- For your Horizen wallet, create a secure password;
- Download your backup, then put it somewhere safe;
- Your Horizen non-custodial wallet is fully configured.
Step 1
First, you must click the button in the top right corner of the home page after opening the Guarda Wallet website. You will be taken to the welcome screen as a result of this. Here, you want to select “Create New Wallet.” You can check the page if you need more details about the Horizen wallet you are about to build.
Step 2
Making a strong password for your Horizen cryptocurrency wallet is essential. The future security of your wallet won’t be a problem for you if you have a strong password. The best practice is to mix capital and lowercase characters, numbers, and symbols. If you are not familiar with all the requirements, you might need to consult the guide for creating a secure password.
Step 3
Keep in mind that you need to download your backup and store it securely. Lost wallet files cannot be recovered, kindly preserve your backup file and never divulge its location to anyone.
Step 4
Congratulations! You’ve just completed making a new Horizen wallet. This makes it possible for you to manage your ZEN currencies in non-custodial security quickly and safely.
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