Space and Time (SXT)

The dynamic growth within the cryptocurrency ecosystem means there is always a diverse offering of assets beyond the more established assets like Bitcoin, Ethereum, and the leading altcoins. However, finding such opportunities requires deep research and having your ear on the ground while scouting communities, news outlets, and crypto exchanges to identify emerging opportunities.

The good news is that we can cut the chase for you! Did you know that Binance recently announced enlisting the 69th project on its Launchpool platform, Space and Time (SXT)? So, what is this blockchain for ZK proven data, and what does it have in store for you, a crypto investor?

This guide will explore the intricacies surrounding the Space and Time Web3 digital asset to help you understand how to acquire the SXT Token and how you can participate in the opportunity.                           

What is Space and Time (SXT)?

Space and Time is a decentralized digital asset platform designed to deliver trustless decentralized data processing to enterprises, SQL for smart contracts, and LLMs. The SXT token uses a sub second ZK coprocessor to scale zero-knowledge proofs on decentralized data warehouses to deliver its mandate of distributing data to different nodes instead of a central location.

The Space and Time project integrates indexed blockchain data from major chains with Offchain datasets to enable developers to create data-driven applications. The platform uses Proof of SQL, a sub second ZK coprocessor that offers enterprise grade security privacy for tamperproof computations at scale. This confirms that query results are not manipulated and can be trusted, especially by leading financial institutions, enterprises, and pre built Web3 APIs. The project uses the proof of time and space consensus mechanism (PoST) to validate transactions.

With the project for blockchain for ZK proven data, users can experience a new level of smart contract operations that integrate on-chain and off-chain data. This will offer the digital world a dynamic economy in which superior verified blockchain data is used on-chain applications offering fresh possibilities.

Key Features of Space and Time

Space and Time deals with several failures of existing Web3 infrastructure through the following features:  

How Does Space and Time Work? Its Network Architecture

Space and Time is designed as a dual-layer network comprising a Validator Layer and a Data Warehouse. The two layers work together to create a trustless blockchain data secured platform that facilitates safe and easy interactivity against on-chain and sensitive private offchain data.

Validator

The Validator layer facilitates communication between the network’s databases and computer clusters within the database warehouse. Database node operators control the network clusters in a permissionless mode besides controlling their connectivity, availability, and usability within the database’s cluster. In addition to verifying the tasks performed by each cluster, the Validator controls the flow of ZK proven data and queries between users and data warehouse clusters. The roles of the Validator within the ecosystem include:      

Data Warehouse        

The data warehouse, on the other hand, operates as the central cog of the platform, running on a decentralized hybrid transactional/analytical processing (HTAP) engine. The warehouse enables trustless, scalable, and efficient performance for all participating data sets. It is made up of different network clusters operating in a trustless manner. The clusters communicate with different warehouse and API servers when prompted by the Validator via the commanding endpoints to deliver query results onchain by performing the following functions:

Proof of SQL™

Space and Time is a decentralized platform that uses the popular SQL data query language to facilitate the building of a user-friendly experience between the client sending the query (Verifier) and the database service (Prover). The primary feature in this case is the concept of commitment that the Verifier guarantees to ensure data integrity by giving the data it sends back a digital fingerprint representing the data in the table.

Blockchain Indexing

The platform is designed to scout data from any major blockchain indexing service database and decode it by indexing service data and writing it to relational databases using the following process:

SXT Tokenomics

Space and Time announced the tokenomics and smart contract details for its native asset, the SXT token. According to the company, the total token supply and maximum supply are capped at 5 billion tokens, with an initial circulating supply of 1.4 billion tokens, 28% of the entire token supply.

An additional 125 million SXT tokens are allocated to the SXT Launchpool or 2.5% of the maximum token supply. Moreover, another 25 million tokens will be assigned to marketing activities later when spot trading gets listed, while an additional 50 million SXT tokens will go to marketing services six months after the spot trading listing has taken place. According to the company, the SXT token will be issued on Ethereum’s Mainnet and Binance Smart Chain. The Space and Time crypto token (SXT) is being via Binance Launchpool under the following specifications:

Use Cases of Space and Time (SXT)

The Space and Time network