#A Closer Look at Horizen EON and its Collaboration with Immunefi: Everything You Need to Know

04/21/2023 01:53 • Blockchain Briefs • 94 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

As the world of blockchain technology continues to rapidly evolve, there is a growing need for platforms that can provide greater security, scalability and interoperability. To meet this demand, Horizen – a public chain that supports blockchain zero knowledge networks – has announced the launch of Horizen EON on the public testing network Gobi. This marks their first publicly available proof of rights and EVM compatible smart contract side chain. In addition, they have collaborated with Immunefi to launch a vulnerability reward program that offers up to $75,000 in bonuses for reporting vulnerabilities to enhance the security and integrity of the EON platform.
In this article, we delve deeper into what Horizen EON is, how it works, and the benefits of the immunefi vulnerability reward program.

What is Horizen EON?

Horizen EON is a new platform that aims to provide greater security, scalability and interoperability for blockchain applications. It serves as a smart contract side chain that operates in parallel to the main Horizen blockchain – this allows for improved transaction speed and throughput while maintaining security and integrity.
Unlike traditional side chains that depend on a single blockchain, Horizen EON is designed to operate with multiple blockchains, making it highly versatile and adaptable. It uses a unique “cross-chain bridge” that allows it to interact with other blockchains, which helps to facilitate greater interoperability between different networks.

How does Horizen EON work?

At its core, Horizen EON is built on the Ethereum Virtual Machine (EVM), which is the underlying software that powers the Ethereum blockchain. This means that developers can easily create and deploy Ethereum-compatible smart contracts on Horizen EON, making it highly accessible and intuitive for businesses and individuals alike.
In addition, Horizen EON uses Zero-Knowledge proofs, which are cryptographic techniques that allow for highly secure and private transactions on the blockchain. This helps to ensure that sensitive information remains protected, while also ensuring that only authorized parties have access to that information.

The Benefits of Immunefi Vulnerability Reward Program

To further enhance the security and integrity of the Horizen EON platform, Horizen has partnered with Immunefi to launch a vulnerability reward program. This program rewards individuals who report security vulnerabilities in the EON platform, with bonuses up to $75,000.
This program is meant to act as a proactive measure to identify and address potential security threats before they can be exploited, which helps to create a more secure and trustable platform for all users.

Conclusion

In conclusion, Horizen EON is an exciting new platform that offers greater security, scalability and interoperability for blockchain applications. Its use of Zero-Knowledge proofs and cross-chain bridge make it highly versatile and adaptable, while its compatibility with the Ethereum Virtual Machine make it highly accessible and intuitive for developers.
The partnership with Immunefi and the vulnerability reward program further enhances the security and integrity of the Horizen EON platform, making it a highly attractive option for businesses and individuals seeking to take advantage of the benefits of blockchain technology.

FAQs

Q: What is Horizen EON?
A: Horizen EON is a smart contract side chain that operates in parallel to the main Horizen blockchain, offering improved transaction speed and throughput while maintaining security and integrity.
Q: How does Horizen EON work?
A: Horizen EON is built on the Ethereum Virtual Machine and uses Zero-Knowledge proofs to ensure secure and private transactions on the blockchain.
Q: Is Horizen EON compatible with other blockchains?
A: Yes, Horizen EON is designed to be highly adaptable and interoperable, using a unique cross-chain bridge to interact with other blockchains.

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