Horizen teams up with Band Protocol on Decentralized Oracle services for EON

On Wednesday, Horizen announced a strategic partnership with Band Protocol to provide real-time price feeds and data for its EVM-compatible smart contracting platform, Horizen EON.

The zero-knowledge blockchain network will tap on Band Protocol’s cross-chain data oracle platform to support an array of use cases, including DeFi, gaming, and NFTs on the EON ecosystem.

According to the official blog post announcing the collaboration, the integration will allow “developers to enhance and extend their smart contract capabilities on EON.” Commenting on the move, the co-founder and CEO of Horizen Labs, Rob Viglione, said:

Partnering with Band Protocol is a major milestone in our mission to provide a secure and scalable ecosystem for decentralized applications. With their reliable oracle services, we can expand the possibilities for smart contracts on EON and empower developers to create innovative solutions for DeFi, gaming, and NFTs.

About Horizen EON

Horizen EON is a fully EVM-compatible smart contracting platform that allows developers to build and deploy dapps on the Horizen network while benefiting from the Ethereum ecosystem. It is a public proof-of-stake sidechain that is secured by the Horizen mainchain. This provides EON with the security and scalability of Horizen while also giving developers the flexibility and freedom to build dapps that meet their specific needs.

EON is currently in the development phase. It is currently live on its permanent public testnet Gobi but is expected to launch in Q3 of 2023.