Horizen is forging a brand new path for the way forward for blockchain with its New Horizen initiative, which is constructing a modular Proof Verification layer that’s devoted to verifying cryptographic proofs for any settlement layer, starting with Ethereum.
Consequently, New Horizen will modernize Horizen’s present know-how stack and guarantee it higher aligns with the broader Web3 trade. It’s going to construct on the legacy of the Horizen Mainchain and its different Zero-Information-powered releases whereas incorporating newer trade main applied sciences. By doing so, it future-proofs Horizen’s Layer-0 community to unlock vastly higher worth for contributors in its ecosystem, benefiting from present wants within the Web3 house.
One of many largest issues for modular Web3 protocols at present is the difficulty of risky and costly proof verification prices for Layer-2 networks, particularly these based mostly on ZK-Rollup architectures.
Generic settlement layers in blockchain usually are not designed to help proof verification natively, leading to important tradeoffs between value, safety and pace, and exorbitant and sometimes unpredictable charges. In accordance with calculations by Horizen Labs based mostly on publicly out there information on block explorers, the annual spending of ZK-Rollups for proof verification was $50 million in 2023. That is anticipated to rise to over $1 billion by 2028, given the projected rise of ZK-Rollups.
In accordance with L2BEAT, the ZK-Rollup sector skilled important enlargement in 2023, with 20 energetic initiatives and one other 18 set to launch in 2024, marking an approximate 90% progress and underscoring the sector’s huge potential. With such progress, we anticipate virtually a doubling of energetic ZK-Rollups and Validiums annually between 2024 and 2028. By 2028, a projected whole of round 500 ZK-Rollups and Validiums is predicted, together with a dramatic escalation in proof verification prices, surpassing $1 billion.
“With New Horizen, we’re not simply adapting to the present panorama; we’re actively shaping the way forward for blockchain know-how. Our purpose is to make blockchain extra accessible, environment friendly, and cost-effective for everybody. By addressing the vital problem of proof verification prices, we’re paving the best way for a extra scalable, safe, and user-friendly web3 ecosystem.” – Rob Viglione, Co-Founding father of Horizen & CEO of Horizen Labs.
With an optimized and modular proof verification layer that exists individually from the remainder of the blockchain stack, New Horizen is completely positioned to resolve this main proof verification value challenge. Just like how the trade has already embraced separate execution and information availability layers, New Horizen intends to construct a dual-chain blockchain structure the place proof verification is dealt with by an impartial, devoted blockchain that’s extremely optimized for efficiency.
With its specialised verification layer, New Horizen has extensively researched the potential capability to scale back proof verification prices by a median of greater than 90%, which might have saved ZK-Rollup customers a mixed $43 million in prices in 2023 alone.
A devoted proof verification layer will present the Web3 trade with a transparent path to realize decrease and extra predictable verification prices, backed by an infrastructure that’s personalized to deal with the calls for of contemporary blockchains. On this approach, the initiative guarantees to reinvent blockchain architectures as modular networks, paving the best way for them to scale in a extra sustainable and aggressive approach.
New Horizen was conceived by the skilled group at Horizen Labs, which has deep experience in zero information and a confirmed document of delivering ZK-powered interoperability protocols and instruments together with EON, the EVM-compatible good contract platform that’s constructed for scalability.
In the end, New Horizen will develop into the go-to blockchain layer for proof verification, resulting in higher collaboration and adoption of EON, ZEN, and different Horizen initiatives.
About Horizen
Launched in 2017, Horizen (https://www.horizen.io/) is a proof verification community that makes settlement cost-effective for modular blockchain stacks. Horizen redefines the blockchain infrastructure, enabling Layer 2 platforms to scale successfully and sustainably within the aggressive Web3 ecosystem.
This providing stands subsequent to Horizen EON, an EVM-compatible good contracting platform and the primary of many good contract sidechains within the Horizen ecosystem. Horizen EON permits builders to effectively construct and deploy decentralized purposes (dapps) on Horizen whereas benefiting from EVM compatibility.
Horizen is forging a brand new path for the way forward for blockchain with its New Horizen initiative, which is constructing a modular Proof Verification layer that’s devoted to verifying cryptographic proofs for any settlement layer, starting with Ethereum.
Consequently, New Horizen will modernize Horizen’s present know-how stack and guarantee it higher aligns with the broader Web3 trade. It’s going to construct on the legacy of the Horizen Mainchain and its different Zero-Information-powered releases whereas incorporating newer trade main applied sciences. By doing so, it future-proofs Horizen’s Layer-0 community to unlock vastly higher worth for contributors in its ecosystem, benefiting from present wants within the Web3 house.
One of many largest issues for modular Web3 protocols at present is the difficulty of risky and costly proof verification prices for Layer-2 networks, particularly these based mostly on ZK-Rollup architectures.
Generic settlement layers in blockchain usually are not designed to help proof verification natively, leading to important tradeoffs between value, safety and pace, and exorbitant and sometimes unpredictable charges. In accordance with calculations by Horizen Labs based mostly on publicly out there information on block explorers, the annual spending of ZK-Rollups for proof verification was $50 million in 2023. That is anticipated to rise to over $1 billion by 2028, given the projected rise of ZK-Rollups.
In accordance with L2BEAT, the ZK-Rollup sector skilled important enlargement in 2023, with 20 energetic initiatives and one other 18 set to launch in 2024, marking an approximate 90% progress and underscoring the sector’s huge potential. With such progress, we anticipate virtually a doubling of energetic ZK-Rollups and Validiums annually between 2024 and 2028. By 2028, a projected whole of round 500 ZK-Rollups and Validiums is predicted, together with a dramatic escalation in proof verification prices, surpassing $1 billion.
“With New Horizen, we’re not simply adapting to the present panorama; we’re actively shaping the way forward for blockchain know-how. Our purpose is to make blockchain extra accessible, environment friendly, and cost-effective for everybody. By addressing the vital problem of proof verification prices, we’re paving the best way for a extra scalable, safe, and user-friendly web3 ecosystem.” – Rob Viglione, Co-Founding father of Horizen & CEO of Horizen Labs.
With an optimized and modular proof verification layer that exists individually from the remainder of the blockchain stack, New Horizen is completely positioned to resolve this main proof verification value challenge. Just like how the trade has already embraced separate execution and information availability layers, New Horizen intends to construct a dual-chain blockchain structure the place proof verification is dealt with by an impartial, devoted blockchain that’s extremely optimized for efficiency.
With its specialised verification layer, New Horizen has extensively researched the potential capability to scale back proof verification prices by a median of greater than 90%, which might have saved ZK-Rollup customers a mixed $43 million in prices in 2023 alone.
A devoted proof verification layer will present the Web3 trade with a transparent path to realize decrease and extra predictable verification prices, backed by an infrastructure that’s personalized to deal with the calls for of contemporary blockchains. On this approach, the initiative guarantees to reinvent blockchain architectures as modular networks, paving the best way for them to scale in a extra sustainable and aggressive approach.
New Horizen was conceived by the skilled group at Horizen Labs, which has deep experience in zero information and a confirmed document of delivering ZK-powered interoperability protocols and instruments together with EON, the EVM-compatible good contract platform that’s constructed for scalability.
In the end, New Horizen will develop into the go-to blockchain layer for proof verification, resulting in higher collaboration and adoption of EON, ZEN, and different Horizen initiatives.
About Horizen
Launched in 2017, Horizen (https://www.horizen.io/) is a proof verification community that makes settlement cost-effective for modular blockchain stacks. Horizen redefines the blockchain infrastructure, enabling Layer 2 platforms to scale successfully and sustainably within the aggressive Web3 ecosystem.
This providing stands subsequent to Horizen EON, an EVM-compatible good contracting platform and the primary of many good contract sidechains within the Horizen ecosystem. Horizen EON permits builders to effectively construct and deploy decentralized purposes (dapps) on Horizen whereas benefiting from EVM compatibility.
