Time runs faster in the Cryptoverse, and the challenge is to keep up with the constant progress in the sector. At a high level, Horizen and EON are built on older technology stacks. The Horizen Mainchain is a fork of the Bitcoin C++ codebase with a block time of 2.5 minutes, while EON is written in Scala based on the Scorex SDK with an 18-second block time.
Horizen Labs is proposing to migrate to EON 2.0. and to address the limitations of these legacy systems! The ecosystem enhancement will align with the vision of Horizen as a home for ZK and an enduring utility for $ZEN,
The Horizen proof verification network is known for the cost-effective settlement for modular blockchain stacks, one that is enabling Layer 2 adoption to grow exponentially. Why is this important? Because 2024 is hyping with ZK Dapp, and the modular blockchains are more important then ever.
EON 2.0 is a fully compatible EVM, ensuring that developers can seamlessly deploy existing Solidity smart contracts on EON 2.0 without requiring any modifications. EON 2.0 integrates tightly with the zkVerify protocol, ensuring fast and cost-efficient verification of zk proofs.
The expanded ecosystem with full EVM compatibility and cross-chain collaborations will break the barriers for partnerships. This means more opportunities and partnerships for the Horizen community, and improvements that will foster a better environment for both users and developers.
The migration includes the existing smart contracts on EON, including $ZEN in current liquidity pools. It will be a snapshot-based migration, where comprehensive state snapshots of both EON 1.0 and Horizen will be taken to ensure a seamless transition to EON 2.0.
There will be a claim process overtime for mainchain $ZEN, and eligible users will be able to claim their old $ZEN by proving the ownership of their address. As for $ZEN on EON, it will not require any claim, since balances will be migrated with the state snapshot.
I don't need to worry about claims and migration, as my ZEN is on EON since day one. Not only was early on Horizen EON, but also put my assets to work on EON Node! Why? EON nodes do not limit the amount of ZEN that can be stake, 1 ZEN can also stake, but the recommend stake is 10 ZEN or more.
It's simple to stake and the earnings are paid once a week on Tuesdays. No hustle as the payments are automated and do not require claiming operations. The node earnings are paid directly to your stake address, specifying additional addresses separately is not currently supported.
Here's some alpha! The node reward is ZEN, and there may be other meme coin rewards for Super Node and EON Node later. Do you smell and airdrop?
My $ZEN is working on EON Node for weeks, growing my bag. All historical stakes and earnings records can be viewed in the "My stake" menu of our website, while other stats are easy to check on the dashboard.
The amount of staked $ZEN is heading towards 2 million tokens, with 933 wallets contributing to the TVL. My current ranking is #229 and the amount earned so far is 2.12 $ZEN! Onwards and upwards on Horizen EON!
Residual Income:
Airdrop Hunting: Layer3 / Mode / blast.io/HJEUV / Linea
50% discount on Scroll Canvas: use code TFNWC
Content: Publish0x/ Hive / GrillApp
Play2Earn: Upland / Splinterlands / Doctor Who
Cashback Cards: Plutus Card / Crypto.com
$ZEC: PipeFlare / GlobalHive
PVM The Author - My Amazon Books
