Space and Time Labs Launches SXT Chain Testnet

Quick Summary:

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.

Both ZKsync and Chainlink have been pioneers in expanding the capabilities of blockchain technology, and we look forward to continuing to build the next generation of DeFi together with decentralized, ZK-proven database technology.

However, blockchain technology is still severely limited by its inability to access and process data at scale, even with the advancements made in the last ten years with the launch of Ethereum and smart contracts.

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Article Details

Author / Journalist: Shanawaz

Category: Crypto

Markets: United Arab EmiratesIsrael

Topics: Blockchain News Blockchain Web3

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 05:00:00 (2 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 821 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23336155

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