The post SXT Chain Testnet Launch: Space and Time Labs Introduces Zero-Knowledge Verification for Smart Contracts appeared on BitcoinEthereumNews.com.

On October 31, Space and Time Labs, an emerging AI blockchain startup supported by Microsoft, unveiled the beta version of the SXT Chain testnet during the prominent 2024 SmartCon conference, organized by Chainlink. This innovative blockchain is designed to implement zero-knowledge (ZK) verification directly within smart contracts, thereby enhancing data privacy and security. The SXT Chain currently aggregates data from leading blockchains, including Ethereum and ZKsync, and utilizes a decentralized network of database nodes for efficient storage and management. Developers can leverage the functionalities of SXT’s unique SQL Proof coprocessor to conveniently access, query, and ZK prove data before integrating it with their smart contracts. This functionality represents a significant leap forward in blockchain technology, facilitating greater efficiency and accuracy in data handling. Additionally, it is noteworthy that Space and Time secured $20 million in a Series A funding round, led by reputable firms including Framework Ventures and Lightspeed Faction, further solidifying its position in the crypto landscape. Source: https://en.coinotag.com/breakingnews/sxt-chain-testnet-launch-space-and-time-labs-introduces-zero-knowledge-verification-for-smart-contracts/

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Filed under: News - @ October 31, 2024 3:13 am