Supra, a comprehensive Layer-1 blockchain platform offering oracle data feeds and verifiable randomness to over 80 blockchains, will present its Moonshot consensus mechanism at the upcoming DSN 2024 Conference.

According to a press release, Supra’s team will introduce the Moonshot whitepaper, detailing the consensus mechanism and illustrating its new standard for the blockchain industry. The presentation will include a comparison between Moonshot and Jolteon, a leading decentralized consensus algorithm known for its high performance.

In November 2023, Microsoft’s IVy Verifier formally verified Moonshot. The system’s algorithms are designed to prevent forking as long as less than a third of its network consists of malicious validators.

Supra has gained prominence in the blockchain industry with its Distributed Oracle Agreement (DORA), which integrates real-world data into blockchain systems. It aims to enhance blockchain capabilities by addressing Byzantine faults and data integrity issues, which are crucial for smart contracts in Web3 environments.

Byzantine fault tolerance measures a system’s ability to continue operating even if one or more components fail.

Moonshot has achieved a processing rate of 530,000 transactions per second across 125 globally distributed nodes. The mechanism also showcased a 500-millisecond optimistic finality and complete block finality within 1.5 to 2 seconds, outperforming many other consensus mechanisms in the market.

The DSN 2024 conference will be held at the University of Queensland in Brisbane, Australia, from June 24 to 27.

About Supra

Supra is a robust platform designed to serve as a comprehensive solution for blockchain development. It integrates oracles, bridges, automation, and randomness into a solid Layer-1 with MultiVM compatibility. This provides a strong foundation for building and deploying decentralized applications (dApps), supporting multiple virtual machines, and ensuring developers’ flexibility and scalability.

Supra offers developers tools to create advanced dApps, including oracle price feeds and verifiable randomness services with Layer-1 security across multiple blockchains.

Supra is also innovating with its newly introduced DAG-based protocol, Sailfish. Sailfish aims to enhance latency performance, and when combined with the Moonshot consensus algorithm, it is expected to achieve significant performance improvements.

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