APIS Team (APIS, APIX) has partnered with Horizen (ZEN).
Horizen is the most secure interoperable blockchain ecosystem supported by the largest and most decentralized node infrastructure in the industry. Horizen’s platform focuses on scalable data privacy and enables businesses and developers to custom build their own public or private blockchains using its unique technology, Zendoo.
Zendoo is the first completely decentralized and fully customizable sidechain protocol on the market. The Zendoo system architecture allows a modular protocol that permits massive scalability, application design freedom, and flexibility that can be implemented by blockchain developers building on Horizen.
Official website: https://www.horizen.io/
The slow transaction speed and low bandwidth of the first generation cryptocurrencies have been pointed out as one of the biggest limitations of blockchain technology for a long time, and as a solution to this, many projects have created their own mainnets to achieve better performance.
However, in recent days, a ‘sidechain’ technology that can improve the performance of mainnets and also process transactions faster and more efficiently by processing them on the sidechain, which operates independently of the mainnet, has been proposed, and many projects have begun to take an interest.
Horizen (ZEN) is a cryptocurrency supported by the APIS Platform’s Masternode service and listed on world-class exchanges such as Binance and Huobi. Notably, Horizen possesses an industry-leading sidechain technology.
APIS Team and Horizen is partnering to research and implement the Zendoo sidechain protocol, which is attracting attention as a core technology for scalability and extensibility of blockchain-based applications. Through this partnership, APIS Team will develop sidechain technology and develop new services through continuous research and the establishment of business partnerships.
About this partnership, “Horizen boasts a network of more than 40,000 nodes — more than Bitcoin and Ethereum combined. Partnership with APIS, which provides accessible node services and lowers the barriers for users into the crypto-economy, aligns with our vision for the future,” said Rob Viglione, co-founder of Horizen. “Horizen’s partnership with APIS will provide use cases with added value to showcase APIS Platform’s push towards greater transparency and decentralization and Horizen’s sidechain technology.”
Currently, we are discussing the development and release of the ‘Cross-chain Data Archiving Solution’ developed by the APIS Team and the DeFi project ‘APISwap’ using Horizen’s sidechain technology Zendoo. We will share further updates about these projects through announcements.
In addition, as an extension of this partnership, ZEN deposit/withdrawal and Shared Horizen SecureNode/SuperNode services will be added to the APIS Platform. Horizen (ZEN) masternode products have the most participants among other masternode products on the APIS Platform due to their high ROI (13.81%) and stable node operation. The product that can participate with ZEN and receive rewards with ZEN (Shared Masternode service) without strict amount limitation will be added to increase user convenience. It is expected to create synergy effects linked to the partnership.
Horizen News announcement article : https://blog.horizen.io/apis-partners-with-horizen-to-utilize-zendoo-technology/