Partnership with Horizen
DIA and Horizen enter into a strategic partnership to integrate DIA’s data feeds into Horizen’s ecosystem through a dedicated sidechain.
Launched in 2017, Horizen is the most secure blockchain ecosystem supported by the largest and most decentralized node infrastructure in the industry. With its unique sidechain technology Zendoo, Horizen provides all necessary components for easy and speedy deployment of fully customizable blockchains focused on scalable data privacy.
The partnership will extend the functionality of DIA’s oracle capabilities and bring data feeds to Horizen’s sidechains and Zendoo, its decentralized and customizable sidechain protocol. Zendoo SDK allows businesses and developers to efficiently spin-up their own customizable blockchains. The initial goal of the cooperation will focus on introducing the functionality of these oracles to Zendoo by providing a verifiable bridge between off-chain data from various sources and on-chain smart contracts.
By way of the partnership’s efforts to bring crypto price data feeds, Horizen and DIA will introduce a native ZEN token price feed to Horizen’s ecosystem through a dedicated, custom-built sidechain. This integration may be used for applications including stablecoins.
Rob Viglione, co-founder of Horizen said:
“By integrating DIA’s oracles, we’re adding a crucial decentralized financial infrastructure for our ecosystem. This sets the stage for an explosion of DeFi applications on our massively scalable sidechain system. Our team is thrilled to be partnering with DIA to leverage their expertise and open an important new phase of our project.”
Michael Weber, DIA’s association president commented:
“Through our collaboration with Horizen, we will leverage Zendoo technology while expanding our oracle capabilities, effectively paving the way for advanced opportunities for both our respective communities. We’re looking forward to working alongside the Horizen team to accomplish our common goal of expanding blockchain functionality and decentralization.”