Hong Kong — House and Time Labs, supported by Microsoft and recent off a $20 million Sequence A spherical, has launched the SXT Chain testnet—a blockchain constructed to ship zero-knowledge (ZK)-proven knowledge to good contracts. This innovation guarantees to reshape decentralized finance (DeFi) by providing builders a strong suite of instruments for creating data-driven, superior good contracts.
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SXT Chain is engineered to index knowledge throughout main blockchains, together with Ethereum, ZKsync, and numerous EVM and Transfer chains, storing this knowledge in a decentralized community of database nodes. Utilizing its proprietary Proof of SQL expertise—a ZK coprocessor designed to deal with sub-second SQL queries—builders can now entry, confirm, and join correct knowledge on to good contracts. This strategy resolves a core concern in blockchain expertise: dependable and scalable entry to onchain knowledge.
As an illustration, conventional lending depends on credit score scores to find out rates of interest, whereas onchain lending protocols have been pressured to use uniform charges as a result of lack of accessible borrower knowledge. SXT Chain’s expertise modifications that by permitting onchain lending protocols to generate an onchain “credit score rating” from a pockets’s mortgage historical past.
“Our focus from day one has been making good contracts smarter by connecting them to a verifiable database. SXT Chain in testnet empowers builders to construct extra refined functions onchain, and we’re excited to be advancing DeFi alongside business leaders like ZKsync and Chainlink.”
Nate Vacation, CEO & Co-Founding father of House and Time
Verified by ZK proof, this rating might be fed instantly into a wise contract for a personalized lending expertise. One challenge already using SXT Chain’s capabilities is Lendvest, an onchain credit-scoring protocol a part of the Chainlink BUILD program.
Strengthening the Elastic Chain Ecosystem with ZKsync
In collaboration with ZKsync, House and Time has additionally rolled out a customized ZK Chain inside the Elastic Chain ecosystem. This ZK rollup serves as SXT Chain’s good contract layer, enabling builders to deploy Solidity contracts seamlessly on SXT and entry native and third-party DeFi apps for staking, funds, and extra.
Alex Gluchowski, ZKsync’s Co-Inventor, famous:
“House and Time’s ZK Chain contributes to increasing the Elastic Chain ecosystem. The combination aligns with our imaginative and prescient to supply builders with highly effective instruments for scaling Web3 securely.”
Alex Gluchowski, ZKsync’s Co-Inventor
SXT Chain’s integration with Chainlink permits builders to make use of the Chainlink Community for ZK-verifying question outcomes—a cost-efficient resolution in comparison with verification on Ethereum. With native integration into Chainlink Capabilities, SXT gives a ZK-proven database that helps the decentralized nature of information supply.
Empowering Builders with Microsoft Partnership
Backed by Microsoft’s M12 Ventures, House and Time has been working with Microsoft’s AI Co-Innovation Lab to additional speed up its instruments. Kathleen Mitford, Microsoft’s CVP of International Trade Advertising and marketing, remarked, “Microsoft is dedicated to advancing blockchain and decentralized knowledge options. With House and Time and Microsoft Azure, we’re empowering builders to construct the subsequent era of blockchain use circumstances.”
Builders able to combine ZK-proven knowledge into their good contracts can now entry the SXT Chain testnet and take part by finishing quests on Galxe. It is a prime alternative to harness the subsequent degree of blockchain expertise, aimed toward unlocking DeFi’s full potential by data-driven innovation.
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About House and Time Labs
House and Time Labs is a pacesetter in decentralized knowledge and zero-knowledge (ZK) expertise, growing SXT Chain as a pioneering blockchain for ZK-proven knowledge. Built-in with House and Time’s Proof of SQL, SXT Chain empowers good contracts to work together with onchain and offchain knowledge at scale. Microsoft-backed, House and Time companions with prime monetary establishments, enterprises, and Web3 functions.