Horizen Blockchain Introduces Ethereum-Compatible Sidechain EON

Leading Layer-0 public blockchain Horizen explodes into the ecosystem of Ethereum Virtual Machine (EVM) with its brand new sidechain. Ethereum Open Network (EON) is a scalable sidechain optimized for streamlined and cost-efficient dApp development.

Timeline of Horizen

All-in-one infrastructure solutions may be what is needed to drive the adoption of Web3, but such solutions might turn out to be complex and not as flexible, Rob Viglione, the co-founder and CEO at Horizen Labs, has argued.

There is an ever-troubling tag on privacy tokens, with government crackdowns specifically directed at them. For this reason, Grayscale-backed protocol Horizen (ZEN) has unveiled plans to deprecate its mainchain shielded pools, an event that implies its privacy features will be removed from the Horizen main blockchain at the consensus level.

Auros, known for providing ample liquidity to exchanges and cryptocurrency projects through algorithmic trading and market-making, stated that they will provide the necessary liquidity to help achieve Horizen's goals.

Horizen, a leading layer-0 public blockchain, has unveiled its strategic partnership with Auros, a global algorithmic trading, and market-making firm. This collaboration, aimed at increasing access to Horizen's native token, ZEN, marks a significant milestone for both companies.

Horizen and Auros have entered a strategic partnership that will increase widespread access to $ZEN in preparation for the launch of Horizen's new EVM-compatible smart contracting platform EON. The collaboration is anticipated to significantly expand the EON ecosystem.

Horizen ZEN/USD has collapsed from $31.09 to $14.40 since the beginning of this month, and the current price stands at $21. The risk of another decline still persists, and if you decide to buy this cryptocurrency in the upcoming days, you should use a “stop-loss” order because the risk remains high. Horizen focuses on data The post Is Horizen (ZEN) buy opportunity after the recent sell-off? appeared first on Invezz.