Space and Time Launches on Mainnet to Boost Data-Driven Crypto Apps
- Space and Time is intended to provide smart contracts with ZK-proven data, enabling a new wave of data-driven cryptocurrency applications.
- The inability of smart contracts to natively access offchain, cross-chain, or historical data restricts the sophistication of onchain applications.
The blockchain for zero-knowledge (ZK)-proven data, Space and Time, which is backed by Microsoft, is live on its public, permissionless mainnet.
Space and Time is intended to provide smart contracts with ZK-proven data, enabling a new wave of data-driven cryptocurrency applications. It saves information across a decentralized network of database validators and indexes data from Ethereum and other significant blockchains. The sub-second ZK coprocessor for SQL database queries in Proof of SQL, Space and Time allows developers to access, query, and ZK-prove this data and link it back to their smart contract.
Scott Dykstra, Contributor #001 at Space and Time stated:
Prior to Space and Time, onchain applications had no way to query basic user data from a database of blockchain activity without introducing security risks and tampering. In addition, enterprises had no way to securely connect their cloud databases with smart contracts. Today were thrilled to announce the mainnet launch of Space and Time, which will empower developers to build sophisticated, data-driven onchain applications secured by cryptographic proofs.
The inability of smart contracts to natively access offchain, cross-chain, or historical data restricts the sophistication of onchain applications. A trustless database layer will be necessary for complicated data retrieval in the next wave of onchain innovation, which will include tokenized real-world systems, data-rich AI agents, and dynamic financial instruments. This is made possible by Space and Time, a verifiable, decentralized database network that allows smart contracts to query Ethereums whole history and more.
MakeInfinite Labs, a cutting-edge protocol research lab backed by Microsoft and collaborating with significant financial institutions, developed Space and Time. The company has created important technologies for the larger crypto ecosystem in addition to its work on Space and Time, including Proof of SQL, Blitzar, an Elastic Network ZK Chain for Space and Time, and Chainlink DeFi Yield Index.
Nate Holiday, CEO of MakeInfinite Labs & Co-Founder of Space and Time stated:
At MakeInfinite Labs, were focused on building foundational infrastructure to enable the next generation of crypto applications. Contributing core technologies like Proof of SQL and the original architecture of Space and Time is part of that vision. Were excited to see the ecosystem take this work forward and unlock new possibilities for verifiable, data-driven applications.
Anyone may contribute to the network by hosting a validator node, staking, or contributing high-quality statistics. Space and Time is secured by a decentralized group of validators.
Smart contracts may safely access and compute over data from any chain or source thanks to Space and Time, the blockchain for ZK-proven data. Space and Time enables developers to create more intelligent, data-rich apps with verified data by using Proof of SQL, a sub-second ZK coprocessor.
One of the most well-known crypto ecosystems and protocols is Space and Time, which was developed by MakeInfinite Labs, a frontier protocol research lab. To build the infrastructure that allows developers and creators to create data-driven apps, tokenize and monetize them, and succeed in the AI economy, MakeInfinite Labs secured $50 million from Microsofts M12 Ventures and other top investors.
Read more: https://thenewscrypto.com/space-and-time-launches-on-mainnet-to-boost-data-driven-crypto-apps/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
