- Blockchain organization Supra introduces HyperNova, a bridgeless technology enabling direct cross-chain communication through layer one consensus, eliminating the need for centralized bridges.
- HyperNova employs the Moonshot Consensus algorithm to securely verify cryptographic signatures of interacting chains, offering increased security, scalability, and novel cross-chain use cases.
Supra, a prominent blockchain organization that offers Oracle and VRF (verifiable random function) services, on Monday announced the launch of HyperNova, its novel bridgeless technology that enables cross-chain communication directly via layer one consensus.
This ground-breaking new methodology enables blockchains to communicate with one another without the necessity for a centralized bridge.
Supra’s CEO Joshua Tobkin stated, “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‘s bridgeless technology functions by using Supra’s new, low-latency consensus algorithm dubbed Moonshot Consensus to analyze the underlying cryptographic signatures of interacting chains.
Supra can thus provide a safe, stable, and scalable cross-chain consensus that is superior to existing bridge architectures.
Benefits of Supra’s HyperNova Bridgeless Technology
Supra’s HyperNova bridge has several benefits over standard centralized bridges, including the following.
- Increased Security: HyperNova eliminates the requirement for a centralized bridge, which can be a single point of failure. Supra, on the other hand, directly verifies the cryptographic signatures of the source and destination chains, providing layer-one to layer-one security assurances.
- Improved Scalability: Bridgeless technology is more scalable than typical centralized bridges. This is due to the fact that Supra is a high-throughput IntraLayerTM that can handle several cross-chain consensus requests at the same time.
- Enhanced Capabilities: Supra’s HyperNova multi-chain solution provides innovative cross-chain use cases that are not achievable with bilateral (one-to-one) solutions.
Supra’s HyperNova Use cases
Supra’s HyperNova Bridgeless technology can be used for various use cases, including the following.
- Cross-chain DeFi – HyperNova can enable cross-chain DeFi, allowing users to transfer assets and interact with DeFi applications across various blockchains.
- Cross-chain gaming – Bridgeless technology can be used to provide cross-chain gaming, allowing players to move their in-game assets or NFTs between blockchain-based games.
- Cross-chain Oracles – HyperNova can also be used to enable cross-chain oracles, which give secure and trustworthy data feeds to DeFi applications across several ecosystems.
About Supra
Supra is developing a low-latency interoperability infrastructure to deliver Web 3.0 capabilities lacking in typical blockchain designs.
Supra, being a vertically integrated IntraLayerTM, allows a common security paradigm across several Oracle services.
This includes on-chain data security, cross-chain consensus via their bridgeless HyperNova, automation, VRF, smart contract execution, and other features.
Supra’s technical discoveries are overcoming the ‘Oracle issue’ and optimizing network performance across the board regarding security, throughput, time to finality, composability, and programmability after hundreds of hours of research development and simulations.
Supra has chosen an academic approach to development as part of the company’s goal of advancing Web 3.0 performance and security.
This is defined by a commitment to extensive research, transparency, and a rigorous peer-review process in every design and product delivered.
Dr. Aniket Kate, the creator of KZG Commitments, used in Ethereum layer two data availability solutions, and the Supra team are diligently writing new whitepapers, so there are still many creative ideas in the pipeline that will be made public shortly.
To learn more about Supra and participate in their gamified learn-to-earn program, visit here.
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