Horizen Launches EON Side Chain on Gobi Network and Collaborates with Immunefi for Vulnerability Reward Program
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
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 supports blockchain zero knowledge networks, has recently announced the launch of Horizen EON on the permanent public testing network Gobi. This milestone marks the first publicly available proof of rights and EVM compatible smart contract side chain. Alongside this announcement, Horizen has also teamed up with Immunefi to launch a vulnerability reward program, offering up to $75000 in bonuses for reporting vulnerabilities and improving the security and integrity of the EON platform.
What is Horizen EON?
Horizen EON is a side chain that operates on the permanent public testing network Gobi. It is designed to expand the functionality of the Horizen blockchain by enabling the creation of new assets and smart contracts. EON is also built to enable fast and secure transactions and lower transaction costs.
The Benefits of Utilizing Horizen EON
One of the benefits of utilizing Horizen EON is its compatibility with Ethereum Virtual Machine (EVM), which allows existing Ethereum smart contracts to be ported seamlessly onto Horizen’s EON. This interoperability lowers the barriers to entry for developers in leveraging Horizen’s offering. In addition, EON has been optimized for security, scalability, and functionality with the incorporation of the ZK-SNARKs system, making it an attractive platform for app developers, dApps, and other businesses.
Collaboration with Immunefi for Vulnerability Reward Program
In an attempt to ensure that the EON side chain’s security and integrity are upheld, Horizen has collaborated with Immunefi to provide a vulnerability reward program. Immunefi is a leading platform for providing security solutions for blockchain systems. Through this partnership, security researchers and developers can report vulnerabilities that they discover on the EON network, and they will receive rewards if the vulnerabilities are confirmed and addressed.
Conclusion
Horizen’s launch of the EON side chain on Gobi marks an evolution in the Horizen blockchain’s capabilities. The new side chain provides developers with access to open finance services and tools, including the ability to create new assets and smart contract applications. The partnership with Immunefi also enhances the security and integrity of the EON platform, ensuring that it is a reliable option for blockchain-based businesses. With the introduction of EON, Horizen aims to bridge blockchain networks, allowing the flow of assets, information, and services between different parties in a secure and transparent manner.
FAQs:
1. What is Horizen EON?
Horizen EON is a new side chain launched by Horizen on the Gobi network that supports zero-knowledge networks and is designed to expand the functionality of the Horizen blockchain.
2. What is the EVM system, and how does it benefit Horizen EON?
The Ethereum Virtual Machine system enables existing Ethereum smart contracts to be seamlessly ported onto Horizen’s EON, which lowers the barriers to entry for developers in utilizing Horizen’s platform for creating smart contract applications.
3. How does the partnership between Horizen and Immunefi improve the security of the EON platform?
The partnership enhances the security and integrity of the EON platform by providing a vulnerability reward program, through which security researchers and developers can report vulnerabilities that they discover on the EON network, and receive rewards if the vulnerabilities are confirmed and addressed.
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