As a seasoned crypto investor with a knack for spotting promising partnerships, I find the collaboration between Karak and Space and Time to be nothing short of a game-changer. Having closely followed both projects since their inception, I’ve witnessed their growth and potential firsthand.
Karak is broadening its concept of all-encompassing security by merging Space and Time as a Zero-Knowledge coprocessor, aimed at strengthening trustless penalties and incentives within the Karak Distributed Secure Services (DSS). This integration aims to boost the security, speed, and cost-effectiveness of our current restaking solution offered by Karak.
Restaking innovator Karak integrates Space and Time as ZK Coprocessor
In simple terms, the innovative, trustworthy computational platform Space and Time (SxT), which can scale zero-knowledge proofs across a decentralized database, enters into a strategic long-term collaboration with Karak – a security system supported by Pantera Capital, designed for Web3 applications.
As a long-time observer and participant in the cryptocurrency market, I must say that this week has been particularly exciting for me. After years of following the development of SxT, it’s truly remarkable to see the network surpass $4 million in query fees. It’s a testament to the hard work and dedication of the team behind SxT, as well as the support of their partners, network participants, and community.
— Space and Time (@SpaceandTimeDB) July 26, 2024
In simpler terms, Space and Time links blockchain data across multiple platforms (like Ethereum or Bitcoin) with external datasets. Their innovative Proof of SQL, a Zero-Knowledge proof system, guarantees secure large-scale computations and verifies that the results of queries have not been altered.
In simple terms, the combined approach known as ZK Coprocessor is anticipated to enable trustless penalties and rewards within the Karak Distributed Secure Services (DSS) network.
Space and Time facilitates the swift definition of logical structures, thereby expediting the construction and deployment of Decision Support Systems (DSSes).
Space-Time representatives underscored the crucial significance of resolving this issue, as it’s not just about reaffirming trust on Ethereum, but also for a myriad of other Web3 applications.
By combining our strategic plan with Space and Time’s data indexing abilities, we are expediting our goal for global safety. Soon, their capabilities will not only enhance our own Data Storage Systems but also assist others. Stay tuned for more updates as we strive to innovate the realms of security and productivity.
In my recent analysis, I’ve revisited the unveiling of Proof-of-SQL, a novel concept for data-driven DeFi, presented by Space and Time back in June 2024, as previously reported by U.Today.
The solution is promoted as high-performance zero-knowledge prover for dApps.
Space and Time building Distributed Secure Service (DSS) for Karak’s indexing service
In addition, the system is designed to provide a distributed secure service (DSS) specifically tailored for Karak’s indexed data, which is crucial for robust decentralized protocols under heavy loads.
A Distributed Secure Service (DSS) is a service constructed on the Karak platform, using restaked assets as a universal security measure for its operations. The structure of the DSS is naturally adaptable, comprehensive, and capable of expansion, making it applicable to various needs ranging from basic tools like calculators to complex systems such as decentralized marketplaces and Zero-Knowledge Coprocessors.
In simpler terms, defining logical structures more swiftly becomes possible due to the flexibility of Space and Time. This speed-up leads to a quicker development and deployment of Decision Support Systems (DSSes).
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2024-07-31 18:01