Horizen Launches EVM-Compatible ‘EON’ Sidechain on Mainnet

Horizen recently unveiled the Horizen EON Mainnet, an EVM-compatible ecosystem—a momentous step forward in the evolution of its multichain ecosystem. The announcement took place via Horizen’s official X/Twitter account, accompanied by a comprehensive post on the network’s website to apprise users of this significant development. At the core of this project lies the diligent work of the Horizen team, spearheading the development and operation of Horizen EON. 

This momentous announcement has also led to a surge in ZEN’s market popularity, prompting traders with a keen interest in Horizen to seek ZEN forecasts to gain a deeper understanding of its properties and value proposition. 

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A Little About Horizen

Horizen is a well-known zero-knowledge-enabled network of blockchains, supported by the industry’s most extensive node infrastructure. These interconnected blockchains benefit from blockchain interoperability facilitated by the Zendoo protocol, which relies on SNARK-verification to provide a high degree of flexibility in sidechain characteristics such as type, consensus mechanism, speed, and privacy features. The cryptographic verification of these interconnected chains allows for substantial scalability. 

Zendoo, in particular, transforms Horizen into a permissionless network of blockchains, granting developers the opportunity to deploy their own blockchains within this ecosystem using a range of software development kits. The initial batch of SDKs, named Blaze and Latus, specialises in deploying blockchains based on IOHK’s provably secure Ouroboros proof-of-stake protocol. 

While Blaze focuses on creating high-speed chains that can independently designate their certifiers and achieve speeds of up to 1,000 TPS, Latus employs a recursive SNARK composition to deliver full decentralisation. Upcoming additions to the SDK suite will introduce EVM integration, enabling compatibility with Ethereum’s smart contract functionality. 

Describing Horizen EON

Horizen EON, often referred to as the Horizen Ethereum Open Network, is designed as a scalable blockchain platform meticulously created for streamlined dApp development. Notably, it boasts compatibility with the Ethereum Virtual Machine (EVM), capitalising on the vast resources and thriving community of Ethereum to facilitate seamless dApp deployment within the Horizen ecosystem. 

The EVM-compatible sidechain and smart contract platform within Horizen EON are poised to play a crucial role in the Web3 domain. This ambitious endeavour by Horizen aims to deliver a market-leading solution characterised by customisation, interoperability, and a permissionless, multi-chain network. Horizen EON stands as one of several sidechains in the Horizen ecosystem dedicated to smart contracts, with the objective of welcoming new Web3 users and developers into its fold. 

Horizen recognises Ethereum’s crucial role in driving the adoption of smart contracts and DeFi ecosystems. In parallel, Horizen has been at the forefront of development, leveraging its ZK-based cross-protocol and horizontal scalability solution known as Zendoo. This launch of Horizen EON is an exciting leap forward, expanding its ecosystem and tapping into new opportunities within the smart contract and dApp industries. 

Empowering Web3 Innovation and Bridging the Web2-Web3 Divide

Horizen EON aspires to bridge the gap between Web2 and Web3 by positioning itself as a hub for consumer dApps. The objective is to create an ecosystem that caters to everyday users. It offers both the technical infrastructure and a nurturing environment for builders, complete with product support and incubation opportunities. 

The mission of Horizen EON is to empower the next generation of Web3 developers. It is focused on nurturing innovators eager to introduce groundbreaking Web3 products, aiming to overcome the limitations faced by existing chains. These challenges encompass aspects like inadequate tooling, network congestion, centralisation, and a lack of growth support. 

The EON ecosystem embodies a commitment to establishing a robust environment for visionaries who seek to challenge the status quo. It offers best-in-class support, including comprehensive tooling to ensure seamless integration and dApp development, business development assistance, and access to liquidity, grants, and more. 

New Partnerships and Integrations

The launch of Horizen EON is accompanied by a dynamic array of protocol integrations and valuable partnerships. Its ecosystem warmly embraces protocols, builders, and dApps that align with its fundamental values: transparency, accountability, security, community engagement, continuous growth, and social responsibility. 

EON debuts with an extensive array of protocols and dApps, offering a vibrant environment for new users from day one. This comprehensive ecosystem encompasses developer tools, bridges, DeFi protocols, liquidity providers, and essential infrastructure elements. 

Among the existing contributors to the Horizen EON ecosystem are LayerZero, Tatum, Pyth, Band Protocol, Ankr, Third Web, and Stably, with many more poised to join in the coming days, including SpookySwap, Chainalysis, and Granary. 

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Fueling the Web3 Evolution and Building a Connected Ecosystem

Horizen EON’s foundation rests on the belief that advancing Web3 adoption involves enhancing the Web2 experience. Instead of reinventing the wheel, the goal is to optimise it, seamlessly integrating Web3’s unique features, such as tokenisation, authentication, and interoperability, into familiar, user-centric applications. 

Horizen EON is geared towards supporting innovative application ideas that can bring the next generation of builders and consumers into the Web3 landscape. As the world embraces a new era of decentralised applications, Horizen invites developers, innovators, and users to join the Horizen EON ecosystem, fostering mainstream adoption of Web3 technologies, enhancing a more interconnected multi-chain world, and developing solutions that cater to users at every stage of the Web3 journey. 

For further insights into this momentous launch and the future of EON, interested individuals are encouraged to stay tuned to the upcoming EON Mainnet Launch Summit. This summit will feature contributions from the Horizen EON team, integration partners, ambassadors from the Horizen community, and more. It promises to be an informative and inspiring event as we embark on the exciting journey of Web3 evolution.