Space and Time, supported by Microsoft, officially launched its mainnet to facilitate the creation of data-driven crypto applications on November 2, 2023.
This advancement represents a significant milestone for decentralized applications, potentially impacting major assets like Ethereum, while showcasing Microsoft’s trust in Space and Time’s technology.
Microsoft Backs Space and Time’s Revolutionary Mainnet
Space and Time launched its mainnet to revolutionize decentralized data access. The protocol, backed by Microsoft, has been in development for over two years, focusing on the core solution “Proof of SQL”.
Scott Dykstra leads Space and Time, emphasizing the launch’s impact on data-driven application security. The mainnet allows developers to build sophisticated applications, verified by cryptographic proofs.
“Prior to the company, on-chain applications had no way to query basic user data from a database of blockchain activity without introducing security risks and tampering … [The] mainnet launch … will empower developers to build sophisticated, data-driven on-chain applications secured by cryptographic proofs.” — Scott Dykstra, Space and Time
Developer Community Applauds Mainnet’s Security Enhancements
The mainnet launch triggered positive reactions, particularly from the developer community, drawing attention to the project’s potential in enhancing application security. Community forums and social media channels are active with related discussions.
A worldwide shift towards secure, data-rich applications is anticipated. Microsoft’s backing signals strong institutional support, which could enhance investor confidence in related assets like SXT, recently listed on Binance.
Historical Mainnet Successes Suggest Positive Outlook
Past mainnet launches—like Chainlink’s and The Graph’s—strengthened DeFi and token value. Similar market responses might follow Space and Time’s mainnet, as previous launches increased integration with DeFi ecosystems.
Kanalcoin experts suggest that Space and Time’s protocol will significantly impact data-driven dApps, leveraging historical trends of growing investor interest and technology adoption in the crypto space.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
