Key highlights:
- Space and Time’s SXT Chain, a testnet blockchain, offers verifiable, zero-knowledge (ZK)-proven knowledge for sensible contracts.
- SXT integrates with Chainlink for knowledge verification, permitting safe, low-cost ZK-proven queries to energy decentralized purposes.
- Microsoft, ZKsync, and Chainlink assist SXT Chain, advancing data-centric and scalable blockchain options for DeFi and AI.
SXT Chain testnet opens new prospects for blockchain knowledge and DeFi
Space and Time Labs has introduced the testnet launch of SXT Chain, a zero-knowledge (ZK) blockchain designed to allow scalable, data-driven purposes and ship verified knowledge straight to sensible contracts. SXT Chain is backed by Space and Time’s $20 million Series A funding and is supported by {industry} leaders together with Microsoft, Chainlink, and ZKsync.
With a deal with powering decentralized finance (DeFi) purposes, SXT Chain indexes knowledge throughout a number of main blockchains—equivalent to Ethereum and ZKsync—in addition to different EVM and Transfer-based chains. By way of a decentralized community of database nodes, builders on SXT Chain can make the most of its Proof of SQL characteristic, a sub-second ZK coprocessor for safe and environment friendly SQL-based knowledge queries.
Space and Time, which we explored intimately in our Space and Time review, goals to deal with limitations that present blockchains face with knowledge scalability, a niche that constrains extra advanced monetary purposes. For instance, lending protocols can at present difficulty the identical charges to all customers due to restricted entry to complete, verifiable onchain knowledge. By way of SXT Chain, nevertheless, protocols can calculate and ZK-verify a consumer’s onchain “credit score rating” utilizing SQL queries and share this rating with the sensible contract, permitting for personalised monetary companies. Rising initiatives equivalent to Lendvest, an onchain credit score scoring platform, are among the many first to construct on SXT Chain, which is a part of the Chainlink BUILD initiative.
Nate Vacation, Co-Founder and CEO of Space and Time, acknowledged:
“Our focus from day one at Space and Time has been making sensible contracts smarter by connecting them to a verifiable database. We’re thrilled to launch SXT Chain in testnet to empower builders to construct extra refined purposes onchain. Each ZKsync and Chainlink have been pioneers in increasing the capabilities of blockchain expertise, and we glance ahead to persevering with to construct the subsequent technology of DeFi along with decentralized, ZK-proven database expertise.”
Collaborations with ZKsync and Chainlink bolster SXT Chain’s capabilities
SXT Chain can also be launching a zero-knowledge rollup inside ZKsync’s Elastic Chain framework, which serves because the chain’s contract execution layer. This rollup permits builders to deploy Solidity-based contracts seamlessly on SXT whereas dealing with duties like funds, staking, and node coordination for the community. A variety of DeFi purposes, from liquid staking to data-intensive companies, are in growth on the chain as properly.
“It’s thrilling to see that Space and Time helps to develop the Elastic Chain ecosystem and its capabilities by means of the SXT Chain in addition to the customized ZKsync powered rollup, empowering builders to construct extra superior onchain purposes secured by ZKsync. We consider ZK is essential to scaling Web3, and the launch of SXT Chain advances our shared imaginative and prescient of providing builders refined, data-driven, cross-chain sensible contracts”
— Alex Gluchowski, co-inventor of ZKsync.
Chainlink’s function inside SXT Chain additional helps knowledge verification, enabling builders to join ZK-proven question outcomes straight to sensible contracts whereas minimizing fuel prices. Chainlink’s safe oracle companies will permit SXT Chain to function a dependable, ZK-proven knowledge supply for a variety of purposes. Sergey Nazarov, Co-Founding father of Chainlink, mentioned:
“We’re excited that Space and Time is integrating Chainlink’s industry-standard companies on its SXT Chain, as well as to receiving assist by means of the Chainlink BUILD program. The combination of SXT with the Chainlink Community considerably enhances the toolkit obtainable to builders, offering a novel and safe answer for constructing scalable, data-driven sensible contracts that may work together with onchain and offchain knowledge in a decentralized method.”
“At Microsoft, we’re empowering progress throughout rising markets—together with blockchain and distributed knowledge. Collectively, Microsoft Azure and Space and Time will present builders with the instruments they want to construct the subsequent technology of blockchain use circumstances.”
— Kathleen Mitford, CVP of World Trade Advertising and marketing at Microsoft.
SXT Chain testnet is now reside for builders trying to supercharge their apps and sensible contracts with a ZK-proven database. Group members can take part within the testnet by finishing SXT quests on Galxe.
The underside line
With the launch of SXT Chain testnet, Space and Time goals to supply builders a ZK-powered blockchain platform for creating data-driven DeFi purposes. Supported by partnerships with ZKsync, Chainlink, and Microsoft, SXT Chain offers a sturdy infrastructure for builders to join sensible contracts with real-time, verifiable knowledge.
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