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Horizen Launches EON Side Chain on Gobi Network: An Overview

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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

Horizen Launches EON Side Chain on Gobi Network: An Overview

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

As the blockchain industry continues to grow, more and more companies are shifting toward zero-knowledge networks to improve their security and privacy features. One such company, Horizen, has recently launched its first publicly available proof of rights and EVM compatible smart contract side chain, known as Horizen EON, on the permanent public testing network Gobi.

Why is the Launch of Horizen EON Important?

Horizen’s EON side chain offers several benefits for the blockchain industry, particularly in terms of scalability and cross-chain interoperability. With EON, users can create custom smart contracts through Ethereum-compatible tools and frameworks, which opens up a whole new world of possibilities for developers to build decentralized applications. Additionally, EON’s integration with Gobi’s network allows for faster transaction processing times and a more secure network, thanks to Gobi’s double-layered consensus mechanism.

How Does Horizen Plan to Ensure the Security of EON?

To ensure that the EON side chain remains secure and free from vulnerabilities, Horizen has collaborated with cybersecurity platform Immunefi to launch a vulnerability reward program. This program offers up to $75,000 in bonuses for reporting vulnerabilities on the EON platform. By working with Immunefi, Horizen is taking proactive steps to enhance the security and integrity of their blockchain solutions.

The Benefits of EON for Developers

For developers, EON offers an exciting new opportunity to build decentralized applications with a scalable and secure blockchain platform. With EON’s compatibility with Ethereum tools and frameworks, developers can create custom smart contracts quickly and easily. Additionally, EON’s cross-chain interoperability allows for easy integration with other blockchain networks, which can help expand the reach and capabilities of decentralized applications developed on the EON side chain.

Conclusion

The launch of Horizen EON on Gobi’s network represents a significant milestone for the blockchain industry. With its innovative approach toward scalability, security, and interoperability, EON has the potential to usher in a new era of decentralized applications built on a strong blockchain foundation. By offering a vulnerability reward program, Horizen is taking proactive steps to ensure the security and integrity of their blockchain solutions. Developers can now take advantage of the EON side chain to build powerful decentralized applications with ease.

FAQs

1. What is Horizen EON?
Horizen EON is a publicly available proof of rights and EVM compatible smart contract side chain launched by Horizen on the permanent public testing network Gobi.
2. What benefits does EON offer for developers?
EON offers cross-chain interoperability and compatibility with Ethereum tools and frameworks, which makes it possible for developers to create custom smart contracts quickly and easily.
3. Why did Horizen collaborate with Immunefi to launch a vulnerability reward program?
Horizen collaborated with Immunefi to launch a vulnerability reward program to enhance the security and integrity of the EON platform by incentivizing individuals to report vulnerabilities.

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