Supra To Present Its Cutting-Edge Moonshot Consensus Mechanism At DSN 2024 Conference
Zug, Switzerland, May 30th, 2024, Chainwire
Supra, a fully vertically integrated Layer-1 blockchain and leading oracle data feeds and verifiable randomness provider across 80+ blockchains, announced that its consensus mechanism Moonshot will be featured at DSN 2024, the world’s preeminent annual conference on dependable systems and networks and one of the longest running events by the Institute of Electrical and Electronics Engineers (IEEE).
At the event, also known as the 54th Annual IEEE/IFIP International Conference on Dependable Systems and Networks, Supra’s team will present Moonshot’s official whitepaper describing the consensus mechanism, and demonstrate how it sets a new standard for the blockchain industry. The demonstration will compare Moonshot’s significant increases in throughput and reductions in latency to Jolteon, which is currently recognized as one of the world’s fastest and most-performant decentralized consensus algorithms.
Supra is the creator of industry-leading oracle price feeds and verifiable randomness services that have been adopted by more than 80 blockchain networks. Supra’s Distributed Oracle Agreement (DORA) is designed to advance blockchain capabilities and pave the way for the integration of real-world data, while addressing challenges around Byzantine faults and data integrity for smart contracts in Web3 environments.
Designed for on-chain and off-chain use-cases such as spot and perpetual DEXes, lending protocols, and payments protocols, DORA plays a key role in bridging deterministic blockchain networks with the real world. Supra’s network is powered by their innovative Moonshot consensus mechanism, which brings blazing-fast performance and robust security guarantees to its data feeds. In its advanced global testing phase, Supra demonstrated Moonshot’s ability to process 530K transactions per second throughput across 125 nodes globally distributed, with 500-millisecond optimistic finality and ~1.5–2 secs full block finality, placing it head and shoulders above many other competing consensus mechanisms.
DSN 2024 will be hosted by the University of Queensland at its campus in Brisbane, Australia. It’s one of the longest-running IEEE conferences, focused on advancing research that pushes the envelope in terms of robustness and resilience across a wide spectrum of computing systems and networks.
In November 2023, Moonshot’s capabilities were formally verified by Microsoft’s IVy Verifier, which represents the industry gold standard in terms of network security. As part of that process, its algorithms were mathematically modeled and reasoned to guarantee that they will never fork, even when run for an infinite duration, so long as Byzantine or malicious validators account for less than a third of its network.
The acceptance of Moonshot underscores how Supra has become a leading force in advancing the technical capabilities of decentralized networks, pioneering a novel approach that balances the need for robustness and performance with iron-clad security.
In addition to presenting Moonshot, Supra’s database and code submissions have been awarded Reproducible Badges, which certify their performance has been independently verified using the same author-created research objects, methods, code, and analysis.
Supra is furthermore pushing the limits in consensus mechanisms with major innovations in their newly presented DAG based protocol called, “Sailfish.” Sailfish is designed to outperform the state-of-the-art in terms of latency and combining Sailfish with Supra’s Moonshot consensus algorithm is expected to yield promising performance outcomes.
About Supra
Supra is an all-new blockchain that vertically integrates oracles, bridges, automation and randomness into a powerful Layer-1 with MultiVM compatibility. It’s designed to give developers all the tools they need to build on one chain, enabling a new breed of Super dApps.
Supra is also a leading provider of oracle price feeds and verifiable randomness across 80+ blockchains with Layer-1 security guarantees. They focus on solving real problems for dApp developers and scaling Web3, supported by a developer toolkit with extensive guides and technical whitepapers.
