Horizen unveils $75k bug bounty program for its sidechain launch

Horizen has launched its Ethereum Open Network (EON), an Ethereum Virtual Machine (EVM) compatible smart contracting sidechain. It has also floated a $75,000 bug bounty program, in collaboration with Immunefi, to incentivize white hat hackers to fish out vulnerabilities on the platform.

Horizen (ZEN), a scalable layer-0 public blockchain designed to enable a fully decentralized sidechain ecosystem, has announced the launch of Horizen EON, a proof-of-stake (PoS)-based EVM-compatible smart contracting platform on the permanent Gobi testnet.

Horizen EON enables the efficient development and usage of a vast array of decentralized applications (dApps) and services. It ushers in Ethereum Virtual Machine (EVM) compatibility to the Horizen ecosystem, making it possible for solidity devs to deploy custom logic to the blockchain seamlessly.

The team says the smart contracts on the new Horizen EON and the intra-ecosystem secure bridging protocol of Horizen bring to life a fully permissionless, interoperable, and customizable sidechain network.

The Horizen EON bug bounty program 

To ensure the new Horizen EON sidechain has near-zero vulnerabilities, the team has partnered with Immunefi, a web3 bug bounty platform, to launch a $75,000 bug bounty program to incentivize white hat hackers to fish out and report loopholes on the platform.

Additionally, the team plans to roll out more security and developer incentive programs, including hackathons and a developer grant program on Horizen EON. 

Thanks to its support for several developer tools like MetaMask, Thirdweb, and more, Horizen says its new platform is already attracting adoption from early participants, who are now building on the EON platform.

At the time of writing Horizen’s native cryptocurrency ZEN is exchanging hands for $9.92, representing a 2.4% decrease in the last 24 hours, according to CoinGecko.