Space-Time Chain, backed by Microsoft, officially launches on Mainnet
Get Your Daily Dose of Blockchain News with U.TODAY on Google News * Space and Time Steps into the Mainnet Arena* Equipping AI Agents with Sourced Blockchain Data
In a game-changing move for the realm of zero-knowledge (ZK)-secured data, Space and Time—the one-of-a-kind blockchain network backed by Microsoft, steps into the mainnet stage. The network, designed to offer ZK-verified data to smart contracts, powers the dawn of a data-fueled crypto application revolution.
Space and Time's Mainnet Launch
The team behind Space and Time, pioneers in the ZK-powered blockchain networking sector, announces the genesis of their fully permissionless mainnet. This network streamlines data from various blockchains and processes it in a production-ready format that's ready for the big leagues.
According to their statement, Space and Time indexes and stores data from major blockchain networks like Ethereum across a decentralized network of database validators. Developers can then effortlessly access, ZK-validate, and connect this data to their smart contracts using the Proof of SQL, Space and Time's speedy ZK coprocessor for SQL database queries.
Rocketing Ripple, Coinbase's Deribit Deal, and Bitcoin's Unyielding Rise
Amidst the hoopla surrounding Space and Time, here's a quick roundup of the day's other crypto headlines:
- Ripple jumps an astounding 112% in volume as its price significantly surges, painting a bullish green picture.
- Coinbase sets the crypto world abuzz with the announcement of its acquisition of Deribit for a colossal $2.9 billion.
- Bitcoin (BTC) refuses to back down, breaking yet another all-time high for the third week in a row.
- Financial guru and author Robert Kiyosaki posits that Bitcoin serves as a bulwark against the current global madness, urging investors to prepare for a looming crash.
Scott Dykstra on SxT's Impact on the dApp Landscape
Space and Time co-contributor Scott Dykstra expresses his enthusiasm and anticipation over the impact of the mainnet launch on the broader dApp ecosystem:
"Prior to Space and Time, blockchain applications had no option to fetch basic user data from blockchain activity databases without compromising security and inviting tampering. Space and Time's mainnet launch will empower developers to construct complex, data-driven on-chain applications backed by cryptographic proofs."
From Humble Beginnings to Game-Changer
Space and Time was born from MakeInfinite Labs, a cutting-edge protocol research lab that boasts Microsoft's backing and collaborates with heavyweight financial institutions.
Unleashing Reliable Blockchain Data for AI Agents
Nate Holiday, CEO of MakeInfinite Labs and co-founder of Space and Time, invites the venture community to jump aboard Space and Time:
"We're passionate about developing infrastructure key to powering the next generation of crypto applications. Rolling out core technologies like Proof of SQL and Space and Time's original architecture is just the beginning. We're eager to see the ecosystem further evolve with this work and unlock new frontiers in data-rich, verifiable applications."
Historically, smart contracts lacked the ability to natively access historical, cross-chain, or off-chain data, putting a lid on the complexity of on-chain applications. The impending wave of on-chain innovation—with potential applications spanning dynamic financial instruments, data-rich AI agents, and tokenized real-world systems—requires a trustless database layer for complex data retrieval. Space and Time provides this with its verifiable, decentralized database network that allows smart contracts to query the entirety of Ethereum and beyond.
- Space and Time, backed by Microsoft, has launched its mainnet, enabling the streamlining and ZK-verification of data from various blockchains, providing a stepping stone for a data-fueled crypto application revolution.
- Developers can now access, ZK-validate, and connect this data to their smart contracts using Proof of SQL, Space and Time's speedy ZK coprocessor for SQL database queries.
- Ripple experienced an 112% volume surge, Bitcoin broke another all-time high for the third week in a row, and Coinbase acquired Deribit for a whopping $2.9 billion, with financial guru Robert Kiyosaki positing that Bitcoin serves as a bulwark against the current global madness.
- Scott Dykstra, a co-contributor to Space and Time, believes the mainnet launch will empower developers to construct complex, data-driven on-chain applications backed by cryptographic proofs.
- Nate Holiday, CEO of MakeInfinite Labs and co-founder of Space and Time, invites the venture community to join them in developing infrastructure crucial to the next generation of crypto applications.
- Historically, smart contracts have lacked the ability to natively access historical, cross-chain, or off-chain data, but Space and Time's verifiable, decentralized database network enables smart contracts to query the entirety of Ethereum and beyond.
- The impending wave of on-chain innovation, with potential applications spanning dynamic financial instruments, data-rich AI agents, and tokenized real-world systems, necessitates a trustless database layer for complex data retrieval, which Space and Time provides.
