Supra, a leading blockchain organization that provides Oracle and Verifiable Random Function (VRF) services, announced the creation of HyperNova, its new bridgeless technology that facilitates cross-chain communication directly via L1 consensus. This groundbreaking new methodology allows blockchains to connect interoperably without a centralized bridge.
“HyperNova is a major breakthrough for the blockchain industry,” said Joshua Tobkin, CEO of Supra. “It eliminates the need for centralized bridges, which can be a single point of failure and a major vulnerability in Web3. HyperNova’s bridgeless technology makes blockchain connections more secure, reliable, and scalable via L1 to L1 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 destination and source chains. This allows Supra to provide secure, reliable, and scalable cross-chain communications that are strictly better than traditional bridge designs.
Benefits of Supra’s HyperNova Bridgeless Tech
Supra’s HyperNova offers several benefits over traditional centralized bridges, including:
Increased security: HyperNova eliminates the need for a centralized bridge, which can be a single point of failure. Instead, Supra directly verifies the cryptographic signatures of the source and destination chains, which provides L1 to L1 security guarantees.
Improved scalability: Bridgeless tech is more scalable than traditional centralized bridges as Supra is a high-throughput IntraLayer that can simultaneously handle many cross-chain communication requests.
Enhanced Capabilities: Supra’s HyperNova cross-chain solution enables novel multi-chain use cases that are impossible in bilateral (one-to-one) solutions.
Use Cases for Supra’s HyperNova
Bridgeless tech can be used for a variety of use cases, including:
Cross-chain DeFi: HyperNova can enable cross-chain DeFi, which allows users to transfer assets and interact with DeFi applications across different blockchains.
Cross-chain gaming: Bridgeless tech can enable cross-chain gaming, allowing players to transfer their in-game assets or NFTs across different blockchain-based games.
Cross-chain oracles: HyperNova can be used to enable cross-chain oracles, which provide secure and reliable data feeds to DeFi applications across many ecosystems.
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SupraOracles is a powerful cross-chain oracle that helps businesses bridge real-world data to both public and private chains, enabling interoperable smart contracts to automate, simplify, and secure the future of financial markets.