it has nothing to do with the price of ZEN or ETH. It’s also not a proving system. It’s a proof verification system.
appreciate your thoughts. kindly start a new thread about this. ZenIP 42400 has NOTHING to do with EON token.
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appreciate your thoughts, and it’s very true that the L2 craze started and continues merely because of problems that have existed in Ethereum.
However, people have demonstrated that they will use L2s. L2s are easy to spin up and low effort to maintain / run. I’m not sure they go away any time soon.
This idea we’re presenting also can be used for other things (applications, appchains, etc.) so these are some of the reasons we believe this is a good idea and direction.
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Isn’t there a project that has already built modular verification elsewhere? I feel like I’m following it belatedly. Is there a difference from other coins? How long do you think it will take to develop it?
I’ve heard from a VC that they’re starting to see pitch decks from verification systems, but I’m hearing they’re still early and haven’t built or delivered much yet. Time is of the essence and I want Horizen to be the first to go to market. There will undoubtedly be others, so I’m not afraid of competition, but I want us to be the leader instead of the follower.
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The cost savings are done in apples-to-apples comparison for gwei, not just saying that $ZEN is cheaper than $ETH. This system is genuinely much cheaper than verifying ZKPs via a smart contract natively on Ethereum.
With the major pivot in purpose, we’re proposing an optimized technical architecture that suits it. The current Horizen system with Zendoo and offering this type of proof verification system as a sidechain is anything but optimized for it and also has other big technical debt we want to move away from in one fell swoop.
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There’s too much confusion around an $EON token, not to mention that there hasn’t even been a proposal yet 
That said, EON uses $ZEN as gas, as it’s the Web3 execution layer for Horizen, and I’ve never heard an argument that issuing tokens in other ecosystems has diminished the value of the native token. It would be like thinking that $ARB or $OP make $ETH less valuable…that just doesn’t make sense to me and hasn’t been proven in the market.
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It feels like we are moving away from something we spent a lot of time money and resources on. I really would like to see EON ecosystem seriously promoted before we just move on to the next shiny object and forget all about it. Can I have your comment that we can do both? I want to see not just building but also market what we currently have to users. I know Horizen doesn’t like to shill our coin but aggressive promoting and marketing is different.
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EON will play exactly the same role in NH, we’re not pivoting away from it without giving it is due shot. In fact, there will be a lot of investment into EON in many ways. We’re talking about completely revamping the tech stack towards a useful function in today’s Web3 environment, but EON will continue being the Web3 execution layer for the ecosystem.
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That’s sounds great. I want to point out something that may be over looked. I myself am an engineer and I understand the focus required to do the job. But at the end of the day the tech is not the goal. Users are the goal and that is a whole different task and skill set.
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Exactly right. I think our biggest problem as an ecosystem today is having a relevant purpose in today’s state of Web3. This proposal is meant to give the ecosystem a clear purpose that fits into the broader Web3 in an important way; basically any ZKP-generating platform could use Horizen for proof verification as a service. Longer term the goal would be for the entire world of ZK to flow through NH in some way, including being the cheapest and fastest settlement network for anything ZKP-related.
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Do we know how much money it will cost to develop New Horizen? Will we know this before we vote?
So, you know how every big Web3 project kicked off with a core promise and then kinda nailed it while also expanding? Like Polygon with its affordable sidechain, Arbitrum being the go-to for DeFi dApps, and EigenLayer making data availability a breeze. But when ZEN decided to stop being a privacy coin, a lot of the folks from the community felt like it lost its identity. But the following quote will reassure the community that, we’ve got some bright days ahead:
And we should market the hell out of it!
LFG 
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Excited for the future opportunities this will bring.
My fears would be the competition beating us to it, or some breakthrough on the Ethereum side that made it redundant or delivering a product and finding no one wants to use it.
I think most of the above has already been spoken about, and the thought of a big partner out the gates would be huge.
I will be supporting this ZenIp!
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Agreed that announcing a tech “launch partner” of sorts would be a coup, but either way time is of the essence so we shouldn’t let that stop the team from moving forward! This could be big for Horizen if the team executes well & quickly…which I fully expect
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Well, we’re not really asking for money right now to build this. Horizen is in a crisis and we need it, so HL just started building. We have to be first to market and to really own this segment of Web3. We believe in this so much that we’re going out on a limb and, thus far, doing everything completely at risk. There’s the other reality that the DAO just couldn’t afford a multimillion dollar dev bill right now and so we’re not going to ask for it, nor are we going to slow down. We may end up dropping another ZenIP in the future asking for funding if/when the DAO could actually afford it, or we may not. Right now let’s just have the community decide if this is the right direction for the project. Do we want to pivot into being Web3’s proof verification and ZK settlement?
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Been viewing the discord recently and have been viewing this discourse group over the past week. The latest post in here actually makes me worried. I have never seen the term crisis used to describe the project. I think people, including myself have thought and been given the impression that funding was fine and that there were lots of great developments going on. That seems like a completely different view using the word crisis from some of the responses from team members in the discord to posts people have made recently. Unless they just don’t know as much about the overall health of Horizen? Maybe I’m overthinking it, but the term crisis is not a term I thought I’d see based on what I’ve seen recently. I will be voting, but the word crisis, coming from leadership makes me extremely nervous now.
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The term crisis is a good way to describe the pressure government has put on privacy coins. The team has done everything in their power, in a very short time, to stop delisting and I believe that is the crisis Rob was talking about. I’m happy there is a plan to pivot. This may end up being a blessing in disguise because it is forcing us to evolve. I support this decision.
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If that is the case and what he meant by the term crisis, then sure, I agree. However, the statement of “Well, we’re not really asking for money right now to build this. Horizen is in a crisis and we need it, so HL just started building” when someone was mentioning funding before made me think that is what he was referring too. I could be completely wrong, but the rest of his comment seemed to allude to that as he mentioned the DAO as well. I could be wrong and if Rob is able to clarify, that would be great!
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I think that he means that horizen need to be competitive and its not now, we need to shift to this new direction which is the new horizen. and if you look at DAO transparency report it cost to run horizen when zen is at less then 8usd. HL is using there own earnings to use on horizen. HL also have a lot of Zen so they are very much invested making this project competitive and Successful
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