Horizen Launches EON Side Chain on Gobi Network

04/21/2023 01:53 • Metaverse Matters • 95 views

On April 21st, Horizen, a public chain that supports blockchain zero knowledge networks, announced the launch of Horizen EON on the permanent public testing network Gobi, which is its first publicly available proof of rights and EVM compatible smart contract side chain. In addition to launching the EON side chain, Horizen has also collaborated with Immunefi to launch a vulnerability reward program, providing up to $75000 in bonuses for reporting vulnerabilities to enhance the security and integrity of the EON platform.

Horizen announces the launch of its first EVM compatible side chain Horizen EON

Horizen, a public chain that enables blockchain zero knowledge networks, has recently made a major announcement that is sure to excite the crypto community. The launch of Horizen EON on the permanent public testing network Gobi is the first publicly available proof of rights and EVM compatible smart contract side chain.
With the release of the EON side chain, Horizen is now able to provide a new level of scalability and flexibility to its users through the utilization of side chains. This innovative approach to blockchain technology is sure to have a profound impact on the future of decentralized applications and crypto ecosystems.

What is Horizen EON?

Horizen EON is a side chain that offers users a number of unique advantages over traditional blockchain networks. One of the key features of EON is its ability to support zero-knowledge proof technology, which provides users with greater privacy and security than other blockchain networks.
Another major benefit of the EON side chain is its compatibility with the Ethereum Virtual Machine (EVM) and smart contracts. This means that developers can use programming languages like Solidity to create decentralized applications that can run on Horizen’s network, opening up new possibilities for the future of blockchain technology.

Horizen’s Collaboration With Immunefi

In addition to launching the EON side chain, Horizen has also teamed up with Immunefi to offer a vulnerability reward program. The program provides up to $75,000 in bonuses for reporting any vulnerabilities that could compromise the security and integrity of the EON platform.
This collaboration is part of Horizen’s ongoing commitment to ensuring the safety and stability of its network. By partnering with industry experts, like Immunefi, Horizen is able to leverage the expertise of leading security researchers to prevent potential security breaches.

Conclusion

Overall, the launch of Horizen EON on the Gobi network is a significant milestone for the blockchain industry. With unparalleled scalability and flexibility, combined with enhanced security and privacy features, Horizen is poised to lead the charge in the development of decentralized applications and blockchain ecosystems.
Through strategic partnerships and innovative technology, Horizen continues to push the boundaries of what is possible in the world of blockchain. As the industry continues to evolve, it is clear that Horizen will continue to play a key role in shaping the future of decentralized technology.

FAQs

Q. What is a side chain?

A. A side chain is a secondary blockchain that is attached to the main blockchain, allowing for the execution of smart contracts and other functions while maintaining the security and stability of the primary network.

Q. What is zero-knowledge proof technology?

A. Zero-knowledge proof technology is a method of creating a proof or assertion without revealing any information about its properties or contents. This technology provides enhanced security and privacy features for blockchain networks.

Q. How does the collaboration with Immunefi enhance Horizen’s security?

A. The vulnerability reward program offered by Immunefi provides Horizen with access to leading security researchers, who are able to identify potential vulnerabilities and report them to the Horizen team. This collaboration helps to ensure the safety and integrity of the EON platform.

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