Space and Time Launches SXT Chain Testnet to Deliver ZK Data to Smart Contracts

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As a seasoned researcher with a keen interest in blockchain technology and its transformative potential, I find the unveiling of SxT’s SXT Chain testnet at SmartCon particularly intriguing. With my background in data solutions and decentralized technologies, it’s evident that SxT is poised to revolutionize the way we handle on-chain data, especially for DeFi applications.

Space and Time, a company specializing in decentralized data solutions, showcased their most extensive project yet at Chainlink SmartCon. The SXT Chain testnet was officially launched at the event, during which Space and Time highlighted the fundamental components that will drive its zero-knowledge (ZK) based data network.

DeFi Gets the Data It Deserves

Space and Time is working towards swapping traditional blockchain indexing services with a ZK-based option, boasting speeds under a second. Their current SQL technology facilitates the real-time processing of blockchain data, allowing it to be directly incorporated into smart contracts, fueling various applications such as AI/ML models with high data requirements.

The SXT Chain plays a crucial role in bringing our vision to life, supplying DeFi and other on-chain industries with the data transmission necessary for running top-tier decentralized applications (dApps). Essentially, the SXT Chain acts as a central hub for data from various interconnected blockchains, which is kept in a verifiable Zero-Knowledge (ZK) format that enables swift data retrieval and validation. This facilitates smarter contract operations while preserving the decentralization that is fundamental to web3 data architecture.

Making Smart Contracts Work Smarter

Launching the SXT Chain test network, capable of running EVM, Move, and ZKsync chains, marks a significant stride in achieving SxT’s aim of making blockchain data as agile and user-friendly as traditional centralized systems. The innovation brought forth by SxT through its namesake chain lies in the capacity for smart contracts to manage large volumes of data without the costs or speeds becoming restrictive.

SxT CEO Nate Holiday announced with excitement that SXT Chain is now live on testnet, enabling developers to construct advanced applications directly on the blockchain. With ZKsync and Chainlink leading the way in enhancing blockchain’s capabilities, we eagerly anticipate collaborating to develop the future of DeFi using cutting-edge, decentralized Zero Knowledge (ZK) database technology.

The launch of the testnet significantly advances scalable and decentralized data solutions, showcasing once again the adaptability of ZKsync’s technology. This technology is increasingly being utilized by on-chain developers, such as SxT, who intend to utilize it in constructing a distinct ZK rollup that will serve as the smart contract execution layer for the SXT Chain.

SxT Invites Devs to Step Up

The true demonstration of SXT Chain’s potential lies ahead with its mainnet launch, but for those eager to leverage its technology, the time for hard work is now. For developers intrigued by a zero-knowledge (ZK) powered data network, the testnet presents an exciting chance to tinker with functionalities like verifiable data, interconnected to SxT’s Proof of SQL ZK coprocessor.

For developers skilled in handling data and actively shaping web3 innovations, including AI-related sectors, the testnet serves as a platform. As we move forward, numerous dapps will be designed for everyday users. The arrival of SXT Chain’s mainnet will emphasize the importance of verifiable data, empowering a variety of applications that surpass the power previously demonstrated by DeFi.

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2024-10-30 10:32