The decentralized oracle price feeds protocol Supra has been granted the opportunity to showcase its ultra-fast consensus mechanism Moonshot at one of the world’s most prestigious annual network technology events.
According to the company, it has been selected to present the official whitepaper of Moonshot at the 54th Annual IEEE/IFIP International Conference on Dependable Systems and Networks, taking place in Brisbane, Australia. The four-day event, which runs from June 24-27, is organized by the Institute of Electrical and Electronics Engineers, and focused on cutting-edge developments in “dependable systems and networks”.
Supra said its team will give an in-depth presentation on the novel innovations they have implemented in Moonshot, followed by a demonstration that compares its performance to an alternative decentralized consensus mechanism called Jolteon, which is widely recognized as one of the best in the business. In the demonstration, Supra said it will prove Moonshot’s higher throughput and lower latency.
Supra’s Distributed Oracle Agreement (DORA) is a data oracle that competes with better-known protocols such as ChainLink and Flare Network, facilitating interoperability for blockchains by paving the way for them to talk to other decentralized networks and non-blockchain systems. DORA validates and makes real-world data available from hundreds of different sources, imbuing smart contracts with next-generation capabilities. For instance, a DEX platform might use DORA to keep track of the latest price movements of digital assets that live on other blockchains, or tokenized versions of real-world assets such as stocks and commodities.
The DSN 2024 event is focused on innovative research in the area of computing systems and networks, and it gives Supra a high-profile platform on which it can promote the capabilities of DORA. Moonshot is the secret sauce that enables DORA to process a whopping 530,000 transactions per second across 125 globally distributed nodes, with less than 2 seconds block finality.
Supra said its database and code submissions will be bestowed with Reproducible Badges at DSN 2024, certifying their groundbreaking performance.
Moonshot previously earned recognition in November when Microsoft used its open-source IVy Verifier tool to certify that its algorithms cannot be forked or manipulated, so long as malicious actors are unable to compromise a third of its network nodes.
Our Moonshot Consensus protocol is already the new gold standard in protocol security. Here’s why.👇
The Problem – No amount of testing or rounds of code review can guarantee the absence of protocol logic flaws. Only a full formal verification can provide such an assurance.
— Supra (@SUPRA_Labs) March 27, 2024
Although proud of its achievements, Supra’s team insisted that they’re not about to rest on their laurels. Going forward, the next step will be to combine the Moonshot mechanism with a new, DAG-based protocol called Sailfish that’s said to represent the next evolution of low-latency networks. By combining Moonshot with Sailfish, Supra believes it can further accelerate the performance of its consensus mechanism and price feeds oracle.
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