Biteye
Biteye|May 20, 2025 12:55
🚀 Space and Time: The Zero Knowledge Revolution Reshaping the Future of Blockchain Data Space and Time is a decentralized database platform dedicated to blockchain data, committed to achieving trusted and verifiable data queries and processing through zero knowledge proof technology (ZK), promoting the deep integration of blockchain and artificial intelligence. ⭐ 1. Project Overview and Vision Space and Time was developed by MakeInfinite Labs, a cutting-edge protocol research laboratory, with the vision of creating a "trusted decentralized database layer" that enables smart contracts to securely and efficiently access and compute on chain and off chain data in a zero knowledge proof manner, thereby expanding the business logic and complex application scenarios of smart contracts. The project emphasizes "making smart contracts smarter" by connecting traditional databases with blockchain through innovative technology, achieving business automation and transparent and trustworthy data. ⭐ II. Financing and Team Background The project has received support from heavyweight capital in the industry: -In 2022, Microsoft's venture capital fund M12 led the first round of strategic financing with a total amount of $20 million -In 2024, M12 once again participated in its $20 million Series A funding round, partnering with well-known institutions such as Framework Ventures, Lightspeed Faction, and Arrington Capital, raising a total of $50 million in funding -Other investors include HashKey Capital, Digital Currency Group, OKX Ventures, Polygon Ventures, etc The project is led by Nate Holiday as CEO and co-founder, who has held senior management positions at institutions such as Bain&Company, Chainlink Labs, and Vista Equity Partners. Co founder and technical leader Scott Dykstra is the core driving force behind the project's technological direction, with a long-term commitment to the research and development of blockchain and zero knowledge proof technology. The team members cover blockchain AI、 Multiple fields such as databases and cloud computing ensure that the project has a competitive advantage in terms of technological innovation and market implementation. ⭐ III. Technical Architecture and Innovation 3.1 Dual layer architecture design Space and Time adopts a dual layer architecture, consisting of a Validator Layer and a Data Warehouse Layer: -Data Warehouse Layer: Composed of multiple permissionless node operators, responsible for extracting real-time and historical data from multiple blockchains (such as Ethereum, Bitcoin, Polygon, Sui, Aptos, etc.) through RPC calls to archive nodes. These data are decoded and converted into table format in a relational database to construct searchable on chain and off chain data warehouses. -Verification layer: responsible for scheduling and coordinating the work of data warehouse nodes, executing task assignments, and conducting consensus verification on data queries and processing processes to ensure the authenticity and consistency of data. This layered design effectively avoids the risks of single point storage and computing, achieving decentralized distribution of data and multi node verification. 3.2 Proof of SQL: Subsecond Zero Knowledge Coprocessor Proof of SQL is the core innovative technology of Space and Time, and is the fastest zero knowledge proof based SQL query coprocessor in the industry, capable of verifying over 1 million rows of data in sub seconds. Workflow: 1. User submits SQL query request 2. A single node executes queries and the corresponding zero knowledge proof is generated by the ZK Coprocessor 3. The proof is submitted to the on chain or verification layer node 4. The verifier can verify the authenticity of the query results without accessing the original data This technology allows database queries to be executed only once, generating on chain verifiable proofs to ensure the accuracy and immutability of data and query results. Proof of SQL is open source, with an active community of around 50 full-time developers contributing code, and has been integrated into mainstream cloud platforms such as Google BigQuery. 3.3 Decentralized databases and blockchain indexes Space and Time has built a decentralized Layer 1 blockchain network consisting of verification nodes, responsible for collecting and indexing mainstream blockchain data, including Ethereum, to ensure data security and consistency. The system adopts Byzantine fault-tolerant consensus mechanism to ensure the correctness and tamper proof ability of data. Nodes need to pledge SXT tokens to participate, forming economic incentives and security guarantees. Technical advantages: -Support hybrid transaction processing architecture (HTAP), balancing low latency online transaction processing (OLTP) and large-scale data analysis (OLAP) requirements -Designed as a blockchain independent multi chain data layer, it simplifies cross chain data management and supports developers in building multi chain applications -By executing most of the computing and storage tasks off chain, utilizing zero knowledge proofs to submit results on chain, reducing on chain computing costs and improving scalability ⭐ IV. Product Progress and Ecological Construction In May 2025, the Space and Time mainnet will be officially launched, marking the entry of the project into a fully operational phase, supporting developers to build a new generation of data-driven encryption applications. Several well-known enterprises and projects in the ecosystem have adopted its technology, including Fidelity, Bank of America, Microsoft Azure, Google BigQuery, Chainlink, Sui, ZKsync, and others. Developer Experience and Tools: -Pre built SQL API and interactive data model browser simplify the development process -Integrate oracle services such as Chainlink to achieve on chain transmission of data query results -Support natural language to SQL queries, combined with Microsoft AI Lab technology, to reduce development barriers MakeInfinite Labs continues to drive technological innovation and enterprise level integration, while the Space and Time Foundation is responsible for ecological governance and community development, driving projects towards decentralization and community driven transformation. ⭐ V. Token Economy and Participation Methods SXT is a native token on the platform, with a total supply of 5 billion tokens, used for network staking, node incentives, payment of query fees, and future governance. After the launch of the mainnet, the project launched the Genesis Validator reward program, encouraging early verification nodes to pledge and maintain network security. The annual reward rate is about 30%, and Proof of SQL technology is used to achieve automatic verification and distribution on the entire chain. ⭐ VI. Summary Space and Time, with its leading Proof of SQL technology and decentralized database architecture, solves the bottleneck of smart contracts in complex data access and verification, promoting the development of blockchain applications towards higher-level business logic automation and data trustworthiness. The continuous strategic investment of Microsoft M12 Fund and the endorsement of cooperation between well-known financial institutions and cloud service providers provide a solid guarantee for its ecological construction and market promotion. This project not only achieves innovative breakthroughs in technology, but also actively moves towards decentralization in governance structure. In the future, it is expected to become an important infrastructure connecting blockchain with AI, big data and other fields, injecting trusted data into the Web3 ecosystem as the core driving force. By integrating on chain and off chain data and supporting multi chain application development, Space and Time is building a more open, efficient, and trustworthy blockchain data ecosystem.
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