August 28, 2023 – Zug, Switzerland
Supra, a leading blockchain organization that provides oracle and VRF (verifiable random function) services, today announced the creation of HyperNova its new bridgeless technology that facilitates cross-chain communication directly via layer one consensus.
This groundbreaking new methodology allows blockchains to connect interoperably without the need for a centralized bridge.
Joshua Tobkin, CEO of Supra, said,
“HyperNova is a major breakthrough for the blockchain industry. It eliminates the need for centralized bridges, which can be a single point of failure and a major vulnerability in Web 3.0.
“HyperNova’s bridgeless technology makes blockchain connections more secure, reliable and scalable via layer one to layer one cryptographic consensus.”
HyperNova bridgeless technology works by using Supra’s novel, low-latency, consensus algorithm known as Moonshot Consensus to understand the underlying cryptographic signatures of interacting chains.
This allows Supra to provide a secure, reliable and scalable cross-chain consensus that is strictly better than traditional bridge designs.
Benefits of Supra’s HyperNova bridgeless tech
Supra’s HyperNova offers a number of benefits over traditional centralized bridges, including the following.
- Increased security HyperNova eliminates the need for a centralized bridge, which can be a single point of failure. Instead, Supra directly verifies cryptographic signatures of the source and destination chains, which provides layer-one to layer-one security guarantees.
- Improved scalability Bridgeless tech is more scalable than traditional centralized bridges. This is because Supra itself is a high-throughput IntraLayer™ that can handle many cross-chain consensus requests simultaneously.
- Enhanced capabilities Supra’s HyperNova multi-chain solution enables novel cross-chain use cases that are not possible in bilateral (one-to-one) solutions.
Use cases for Supra’s HyperNova
Bridgeless tech can be used for a variety of use cases, including the following.
- Cross-chain DeFi HyperNova can be used to enable cross-chain DeFi, which allows users to transfer assets and interact with DeFi applications across different blockchains.
- Cross-chain gaming Bridgeless tech can be used to enable cross-chain gaming, which allows players to transfer their in-game assets or NFTs across…
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