# Horizon Protocol (HZN)

**Rank:** #4285
**Type:** Token
**Source:** [View on Coinpaprika](https://coinpaprika.com/es/coin/hzn-horizon-protocol/)

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## About

### What is Horizon Protocol?

Horizon Protocol (HZN) is a cryptocurrency that operates as a token on the Ethereum blockchain. It is designed to facilitate decentralized finance (DeFi) applications, enabling users to access a range of financial services, including lending, borrowing, and trading. The Horizon Protocol token plays a crucial role in governance and incentivizing participation within its ecosystem, making it a key asset for users looking to engage with blockchain-based financial solutions.

### When and how did Horizon Protocol start?

Horizon Protocol (HZN) was launched in 2020, founded by a team of blockchain enthusiasts aiming to create a decentralized platform for financial derivatives. The project focuses on providing users with access to synthetic assets, enabling trading across various markets. Horizon Protocol was initially listed on several exchanges, which helped to boost its visibility and adoption in the crypto community.

### What’s coming up for Horizon Protocol?

Horizon Protocol (HZN) is poised for significant advancements as it progresses through its roadmap. Upcoming features include the launch of decentralized financial products aimed at enhancing liquidity and user engagement within the ecosystem. The community plans to focus on expanding partnerships and integrating new technologies to bolster its offerings. As Horizon Protocol evolves, it aims to facilitate innovative use cases in decentralized finance (DeFi), positioning itself as a key player in the market. Stay tuned for more updates as they roll out their future plans and upgrades.

### What makes Horizon Protocol stand out?

Horizon Protocol (HZN) stands out from other cryptocurrencies due to its unique focus on providing a decentralized platform for derivatives trading, utilizing a specialized automated market maker (AMM) model that enhances liquidity and efficiency. Compared to traditional finance, Horizon Protocol offers real-world use cases by enabling users to trade synthetic assets with lower fees and improved accessibility. Its innovative tokenomics also incentivize participation and governance within the ecosystem, fostering a more engaged community.

### What can you do with Horizon Protocol?

Horizon Protocol (HZN) is primarily used as a utility token within its ecosystem, enabling users to participate in governance and decision-making processes. It can be staked to earn rewards and is utilized for payments within DeFi apps and NFT marketplaces. Additionally, HZN facilitates access to various decentralized financial services, enhancing liquidity and trading opportunities.

### Is Horizon Protocol still active or relevant?

Horizon Protocol (HZN) is currently active, with trading still occurring on various exchanges. Development is ongoing, as evidenced by recent updates from the team, and the project maintains an engaged community presence. Overall, Horizon Protocol is not considered an inactive or abandoned project at this time.

### Who is Horizon Protocol designed for?

Horizon Protocol (HZN) is designed for DeFi users and developers seeking to leverage decentralized finance solutions. Its platform facilitates the creation and trading of synthetic assets, making it ideal for investors looking to diversify their portfolios. The protocol aims to build a community of innovators and traders who are engaged in the evolving landscape of decentralized finance.

### How is Horizon Protocol secured?

Horizon Protocol (HZN) secures its network through a unique consensus mechanism called Proof of Stake (PoS), where validators are responsible for validating transactions and maintaining the integrity of the blockchain. This model enhances network security by requiring validators to stake their tokens, aligning their interests with the network's health and providing robust blockchain protection against malicious activities.

### Has Horizon Protocol faced any controversy or risks?

Horizon Protocol (HZN) has faced challenges related to extreme volatility, which poses significant investment risks for users. Additionally, the project has been scrutinized for security incidents, including a notable hack that raised concerns about its overall safety and reliability. These factors contribute to ongoing controversies surrounding the platform's long-term viability and investor confidence.

