Supra, a vertically integrated L1 blockchain, has announced its plan to unveil its latest consensus mechanism, called ‘Moonshot’. The platform will present Moonshot at DSN 2024, an annual conference focused on dependable networks and systems, organized by the Institute of Electrical and Electronics Engineers.
During the event, Supra’s team will showcase the official whitepaper of Moonshot, providing a thorough description of the consensus mechanism. They will also demonstrate how Moonshot establishes industry-leading standards in the blockchain space. As part of the demonstration, the team will compare Moonshot’s impressive throughput spikes and reduced latency compared to Jolteon, one of the fastest consensus algorithms in the decentralized world.
Supra has gained recognition for its creation of top price feeds and verifiable randomness facilities, with over eighty blockchain ecosystems adopting their services. The Distributed Oracle Agreement (DORA) of Supra focuses on accelerating blockchain capabilities and integrating real-world data. It addresses issues related to Byzantine faults and data integrity in smart contracts, catering to both off-chain and on-chain use cases such as perpetual and spot decentralized exchanges (DEXs), payment protocols, and lending protocols.
DORA also plays a significant role in bridging the gap between the real world and deterministic blockchain ecosystems. Supra’s innovative consensus mechanism offers robust security and high performance. During its cutting-edge worldwide testing phase, Moonshot demonstrated its ability to process up to 530,000 transfers per second across nearly 125 nodes, with an optimistic finality of approximately 500 milliseconds. The project also boasts a complete block finality of 1.5 to 2 seconds, surpassing many rival consensus mechanisms.
The University of Queensland in Australia will host DSN 2024, which is known as one of IEEE’s longest-running conferences. The event holds great importance in advancing research to revolutionize computing networks and systems. In November last year, Microsoft’s Ivy Verifier formally verified the capabilities of Moonshot, solidifying its reputation as the gold standard in network security.
