Same as other Interoperability ecosystem categories, HORIZEN focuses on operating on multi-tiered blockchain ecosystems. It claims that it provides the best privacy features like MONERO and ZCASH that can encourage illegal activities. Our analysis of this ecosystem is the same as the other privacy-based network. As long as no prohibited element is operated in the ecosystem, the status is Shariah, until it's proven operating Haram activities.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | The project allows developers to build Dapps on their network that can interoperate with other networks such as Ethereum and Polkadot. The project seems neutral and does not offer any prohibited services. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used as a medium of exchange. | Passed |
| Staking Method | The token supply comes from mining mechanism(Proof of Work). | Passed |
Read the source document and verify project fundamentals.