August 28, 2023 – Zug, Switzerland
Supra, a leading blockchain organization that provides oracle and VRF (verifiable random function) services, today announced the creation of HyperNova its new bridgeless technology that facilitates cross-chain communication directly via layer one consensus.
This groundbreaking new methodology allows blockchains to connect interoperably without the need for a centralized bridge.
Joshua Tobkin, CEO of Supra, said,
“HyperNova is a major breakthrough for the blockchain industry. It eliminates the need for centralized bridges, which can be a single point of failure and a major vulnerability in Web 3.0.
“HyperNova’s bridgeless technology makes blockchain connections more secure, reliable and scalable via layer one to layer one cryptographic consensus.”
HyperNova bridgeless technology works by using Supra’s novel, low-latency, consensus algorithm known as Moonshot Consensus to understand the underlying cryptographic signatures of interacting chains.
This allows Supra to provide a secure, reliable and scalable cross-chain consensus that is strictly better than traditional bridge designs.
Benefits of Supra’s HyperNova bridgeless tech
Supra’s HyperNova offers a number of benefits over traditional centralized bridges, including the following.
- Increased security HyperNova eliminates the need for a centralized bridge, which can be a single point of failure. Instead, Supra directly verifies cryptographic signatures of the source and destination chains, which provides layer-one to layer-one security guarantees.
- Improved scalability Bridgeless tech is more scalable than traditional centralized bridges. This is because Supra itself is a high-throughput IntraLayer™ that can handle many cross-chain consensus requests simultaneously.
- Enhanced capabilities Supra’s HyperNova multi-chain solution enables novel cross-chain use cases that are not possible in bilateral (one-to-one) solutions.
Use cases for Supra’s HyperNova
Bridgeless tech can be used for a variety of use cases, including the following.
- Cross-chain DeFi HyperNova can be used to enable cross-chain DeFi, which allows users to transfer assets and interact with DeFi applications across different blockchains.
- Cross-chain gaming Bridgeless tech can be used to enable cross-chain gaming, which allows players to transfer their in-game assets or NFTs across different blockchain-based games.
- Cross-chain oracles HyperNova can be used to enable cross-chain oracles, which provide secure and reliable data feeds to DeFi applications across many ecosystems.
About Supra
Supra is building a low-latency interoperability infrastructure to provide Web 3.0 capabilities that traditional blockchain designs lack.
Supra, as a vertically integrated IntraLayer™, enables a shared security paradigm across a variety of oracle services.
This includes securing external data on-chain, cross-chain consensus via their bridgeless HyperNova, automation, VRF, smart contract execution and more.
After thousands of hours of research and development and simulations, Supra’s technical breakthroughs are solving the ‘oracle dilemma’ and optimizing network performance across the board in terms of security, throughput, time to finality, composability and programmability.
Supra has taken an academic approach to development, which has been an integral part of the organization’s commitment to advancing Web 3.0 performance and security.
This is characterized by a commitment to deep research, transparency and going through a rigorous peer-review process in every design and product released.
Dr. Aniket Kate, inventor of KZG Commitments utilized in Ethereum layer two data availability solutions, and the Supra team are diligently composing new whitepapers so, there are still many novel solutions in the pipeline soon to be publicized.
To learn more about Supra and participate in their gamified learn-to-earn program, visit here.
Lastly, sign up for the whitelist for an opportunity to be notified in advance of any possible future token offerings and for more alpha.
Contact
Eli Phoenix, Supra
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on Twitter Facebook Telegram
