We are excited to announce our collaboration with the Pyth Network, a specialized oracle solution, to provide decentralized oracle services for EON, Horizen's EVM-compatible smart contracting platform. This collaboration will bring accurate and trusted on-chain market data to EON, empowering developers to enhance their smart contract capabilities and expand the possibilities for DeFi, gaming, and NFT applications.
Horizen's EON is an EVM-compatible smart contracting platform that enables developers to build fully customized blockchains with flexibility in consensus, speed, privacy, and crypto-economies. With the integration of Pyth Network's decentralized oracle services, EON will gain access to reliable market data, unlocking unlimited possibilities for DeFi integrations and expanding its ecosystem.
"Partnering with Pyth Network aligns with our mission to provide a secure and scalable ecosystem for decentralized applications," said Rob Viglione, Co-Founder of Horizen and CEO of Horizen Labs. "By leveraging Pyth Network's specialized oracle solution, we can enhance EON's capabilities and offer developers the trusted market data they need to build innovative solutions for DeFi protocols."
The Pyth Network's oracle solution uses the Wormhole messaging protocol to aggregate and publish data at sub-second speeds, making it available across blockchains. It offers low latency and robust market data, crucial for developing financial products in the DeFi space. Pyth Network has also established partnerships with major industry players such as Binance, KuCoin, and OKX.
Were excited to see the Pyth oracle and its 350 Price Feeds going live on Horizen EON over the past year, zk solutions have been steadily growing in adoption and enabling DeFi to happen there is of first order, said Marc Tillement, Director, Pyth Data Association. As the leading oracle network on various Ethereum L2s and zk-chains, we look forward to seeing EON developers grasp the opportunity to be #PoweredByPyth and build the future of finance on-chain.
Currently, Horizen's EON Alpha is live on mainnet and its permanent public testnet, Gobi, bolstered by an array of products, integrations, and tools, including Pyth Network. With the collaboration between Horizen and Pyth Network, the EON ecosystem is prepared to welcome a myriad of dApps and services in the coming months.
The integration of EON's compatibility with the EVM, Horizen's capability for zero-knowledge cross-chain transactions, and Pyth Network's decentralized oracle services promise to establish a customizable, permissionless, and interoperable blockchain environment, designed to cater to the diverse needs of both developers and end users.
Horizen is a layer 0 public blockchain that underpins the zero-knowledge network of blockchains powered by the largest node system and a massively scalable cross-chain protocol, Zendoo. Offering unparalleled tools for developers to custom-build private or public blockchains and dApps, Horizen features unmatched flexibility. EVM-compatible through its sidechain EON, developers building on Horizen enjoy complete freedom to customize their blockchains in terms of consensus, speed, privacy, and crypto-economies, without compromising decentralization.
For more information, visit https://horizen.io/
About Pyth Network
Pyth Network is a distinct oracle solution specifically designed to manage latency-critical financial data, which is commonly safeguarded within the confines of centralized entities. Operating one of the broadest and most dependable oracle networks, Pyth Network draws price data from over 90 leading institutions across both cryptocurrency and conventional finance industries. It employs the Wormhole messaging protocol to accumulate and broadcast data at lightning-fast speeds, enabling data availability across more than 30 blockchains. Built on its own application-specific blockchain: Pythnet, Pyth Network provides credible and confirmable market data to decentralized applications.
For more information, visit https://pyth.network/
View source version on newsdirect.com: https://newsdirect.com/news/horizen-and-pyth-network-join-forces-to-amplify-decentralized-oracle-services-for-eon-horizens-evm-compatible-smart-contracting-platform-108955186
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Insta Daily News journalist was involved in the writing and production of this article.