Space and Time Labs, a Microsoft-backed firm that recently raised a $20 million Series A, announced today that SXT Chain, a blockchain designed to give zero-knowledge (ZK)-proven data to smart contracts, is currently live on testnet. The next generation of DeFi will be powered by SXT, ZKsync, Chainlink, and Microsoft, which will provide developers the infrastructure, data, and tools they need to create sophisticated, data-driven smart contracts.
Data from other popular blockchains, such as Ethereum, ZKsync, and other EVM and Move chains, is indexed by the SXT Chain and stored on a decentralized network of database nodes. Developers may use Proof of SQL, SXT’s sub-second ZK coprocessor for SQL database queries, to access, query, ZK-prove, and link this data back to their smart contract.
Blockchain technology makes it possible for people to really control their assets, opening the door to a future in which centralized institutions do not restrict financial freedom. Howe
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