Supra, a fully integrated L1 blockchain, has announced its plans to reveal its latest consensus mechanism at DSN 2024, a renowned annual conference focused on dependable networks and systems worldwide. DSN 2024 is one of the longest-running events organized by the Institute of Electrical and Electronics Engineers.
During the conference, Supra’s team will unveil the official whitepaper of their new consensus mechanism called ‘Moonshot.’ This whitepaper will provide a comprehensive description of the mechanism and outline how it establishes industry-leading standards for the blockchain industry. As part of the presentation, the team will compare Moonshot’s impressive throughput performance, highlighting its ability to handle significant spikes in transactions.
The team will also showcase Moonshot’s reduced latency compared to Jolteon, which is currently one of the most efficient and fastest consensus algorithms in the decentralized world. Supra has gained recognition for its top price feeds and verifiable randomness features, with over eighty blockchain ecosystems adopting these services.
Supra’s Distributed Oracle Agreement (DORA) focuses on accelerating blockchain capabilities and integrating real-world data. It addresses issues related to Byzantine faults and ensures data integrity for smart contracts. DORA is designed to cater to both off-chain and on-chain use cases, including perpetual and spot decentralized exchanges (DEXs), payment protocols, and lending protocols.
Furthermore, DORA bridges the gap between the real world and deterministic blockchain ecosystems. Supra’s innovative consensus mechanism provides robust security and high performance. In extensive global testing, Moonshot demonstrated its ability to process up to 530,000 transfers per second across approximately 125 nodes. The mechanism also boasts an impressive finality of around 500 milliseconds and complete block finality within 1.5 to 2 seconds, surpassing many rival consensus mechanisms.
The University of Queensland in Australia will host DSN 2024 at its Brisbane-based campus. This conference holds a significant position in the IEEE community and plays a crucial role in advancing research to revolutionize computing networks and systems. Last November, Microsoft’s Ivy Verifier formally verified Moonshot’s capabilities, highlighting its gold standard in network security.