Binance Backs ZenCash's Horizon Upgrade for Enhanced Security and Scalability

Binance, the world's largest cryptocurrency exchange by trading volume, has announced its support for the upcoming Horizon (ZEN) network upgrade. The upgrade, scheduled for May 2023, aims to enhance the security, scalability, and interoperability of the ZenCash network.

The Horizon upgrade will introduce several key improvements to the ZenCash network, including a new consensus mechanism called "Lelantus," which is designed to provide enhanced privacy and scalability. The upgrade will also introduce a new governance system, allowing the ZenCash community to have a greater say in the network's development.

Binance's support for the Horizon upgrade is a significant development for the ZenCash community. The exchange's decision to support the upgrade demonstrates its commitment to the long-term success of the ZenCash network and its willingness to work with developers to ensure a smooth transition to the new network.

The Horizon upgrade is expected to have a positive impact on the ZenCash network, as it will enhance its security, scalability, and interoperability. The upgrade is also expected to attract new users to the ZenCash network, as it will provide a more secure and private platform for transactions.

Binance's support for the Horizon upgrade is a testament to the exchange's commitment to the cryptocurrency industry and its willingness to work with developers to ensure the long-term success of the industry. The exchange's decision to support the upgrade is also a reflection of its confidence in the ZenCash network and its potential for growth and innovation.