Horizen EON and LayerZero enhance trustless cross-chain communications

On October 25, the Horizen ecosystem shared news that it has adopted the LayerZero protocol. The goal of this integration is to improve the inter-blockchain communication options available inside the Horizen EON ecosystem via the use of arbitrary message bridging.

The integration has the potential to stimulate substantial progress within the Horizen EON ecosystem.

Through the integration of LayerZero’s sophisticated messaging infrastructure, Horizen’s EON will provide improved interoperability, enabling the seamless movement of data, assets, and information across different blockchains while maintaining optimal levels of efficiency and security. 

In addition to facilitating communication, this integration represents a more comprehensive objective of establishing a cohesive digital asset ecosystem, whereby decentralized apps (dApps) may function harmoniously across several blockchains.

Cryptocurrency

Top 100 spotlight: 3 cryptos rocketing over 50%

Cryptocurrency

AI predicts XRP price for Halloween 2023

Cryptocurrency

ChainGPT partners with CoinMarketCap to host $50,000 Airdrop

Cryptocurrency

Atani secures $6 million in funding for its new crypto broker

Cryptocurrency

Nuant sets new standards in digital asset management with MSCI datonomy

Rob Viglione, Co-founder of Horizen and CEO of Horizen Labs, stated:

“Interoperability is the future of blockchain technology. By integrating with LayerZero, we are not only enhancing the capabilities of our EON platform but also taking a significant step towards a more interconnected and resilient blockchain ecosystem. LayerZero’s expertise in cross-chain communications will be instrumental in achieving our vision for EON as a leading smart contracting platform in a multichain world.”

LayerZero continues to establish blockchain connections

The LayerZero protocol has already demonstrated its effectiveness by successfully establishing connections with over 40 blockchains and facilitating the processing of more than 75 million messages since its introduction. The partnership with prominent entities such as Google Cloud serves as another evidence of their dedication to ensuring security and optimizing speed.

The EON platform developed by Horizen has garnered significant attention among the blockchain community due to its interoperability with the Ethereum Virtual Machine (EVM). The incorporation of LayerZero’s cross-chain proficiency will enhance its standing as a preferred platform for developers and supporters of decentralized finance (DeFi).

To get more understanding of this integration and the prospective developments of EON, its worth staying tuned with the forthcoming EON Mainnet Launch Summit. During this event, the Horizen EON and LayerZero teams will provide further information and analysis about this integration.  

Comments

Post a Comment

Popular posts from this blog

BlockFi files for bankruptcy, cites FTX collapse for its troubles

The crypto lender was previously “rescued” by FTX following Terra’s stablecoin collapse. BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy . The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of speculation on the company’s financial health after the collapse of FTX. According to a statement, BlockFi has $256.9 million on hand. It has filed motions “to pay employee wages and continue employee benefits without disruption.” It also seeks to “establish a Key Employee Retention Plan to ensure the company retains trained internal resources for business-critical functions” and has created an internal plan to reduce expenses. BlockFi International has also filed for Bankruptcy with the Supreme Court of Bermuda, according to the statement. Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.https://t.co/adaAx6me4r — BlockFi (
Read more

SBF Dubs Potential FTX Relaunch a "Productive Path Forward"

Image
FTX founder and CEO Sam Bankman-Fried has not lost hope in the troubled firm’s chances of resurgence. The troubled founder revealed in his reply to a recent tweet that he thinks reopening the exchange could set the platform back on track. Also today, SBF continued its well-documented spat with Binance founder Changpeng Zhao. Neuner Shares Plans to Restore FTX, Bankman Fried Agrees It began on Friday morning when CNBC crypto trader Ran Neuner shared a potential course of action for FTX. Neuner’s suggestions included the issuance of a new FTT token and its subsequent distribution to creditors and depositors. He also called for 100% of the profits to be directed to token holders. Neuner encouraged:  Fire up the FTX exchange! It will be the biggest exchange in the world and users will be made more than whole.” In another post shortly after, Neuner reaffirmed his faith in his ideas. If @cz_binance and or @benbybit are willing to back me and guide me, I’m happy to champion this.
Read more

NFT Creators Investigated in Israel for Alleged Tax Evasion

Israel’s tax authority is after two creators of non-fungible tokens (NFTs) suspected of failing to report almost $2.2 million in revenue. The news of the investigation comes after the recent arrest of a graphic designer from Tel Aviv accused of similar offenses. Thousands of ‘Western Wall NFTs’ Allegedly Sold Without Tax Reporting Israel Tax Authority is investigating two NFT creators in Jerusalem who did not report millions of U.S. dollars in revenue received from the sale of their digital works. The tokens they offered were based on a 3D scan of the stones of the Western Wall. The suspects, Avraham Cohen and Antony Polak, own the Holyrocknft.com website through which they sold their NFTs, the Jerusalem Post reported on Sunday. The platform claims to “combine the business world and technological progress with Jewish faith and spirit.” Investigators were able to establish that since 2021 the two Israelis sold 1,700 digital works for 620 ETH. At rates at the time of transactions, th
Read more