《A Simple Interpretation of SXT: Can Smart Contracts Understand the World, Is This a Good Narrative?》

Recently, @SpaceandTimeDB made a strong entry into Binance's spot market, pushing many interpretations that still lean towards the 'engineer perspective', which is too complicated for ordinary users. Today, I will clarify three things with the simplest and least amount of text:

1) What problem does SXT actually solve?

2) How does it solve it?

3) Is it 'worth paying attention to' in the current Web3 ecosystem?

Let's break it down simply.

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1. Why do we say smart contracts are 'blind with eyes open'?

In the past few years, no matter how powerful smart contracts are, they have two fatal weaknesses:

1. They can only see their own data

For example, they can only see whether this address has money, whether this contract has interaction, but they cannot see your past behavior. Even if they could see, invoking it would be super complicated, not to mention off-chain assets and off-chain credit.

2. Off-chain data = Blindly trusting oracles

All data from the external world must be 'fed' in through oracles (like Chainlink). But is the data real? Has it been tampered with? The contract itself cannot verify, it all relies on trust.

The result is that: the execution of smart contracts is becoming more intelligent, but whether it is trustworthy has become a problem itself.

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2. What exactly does SXT do? What is the use of the token?

The ultimate mission of SXT is: to make smart contracts 'see, understand, and verify'. In one sentence, SXT's job is to allow contracts to read databases directly and verify that the data is not fabricated.

1. A simple interpretation of the technical logic

The core mechanism that achieves all this is called 'Proof of SQL'. You can think of it as installing a 'ZK-certified database' on on-chain contracts. The specific implementation:

1) Off-chain nodes run SQL queries

2) Generate ZK zero-knowledge proofs: proving that the results are correct and not fabricated.

3) Smart contracts verify this proof and directly use the results, without needing to run the data themselves.

In other words, it allows contracts to receive external data in a way that says 'I don't trust you, but I can verify that what you say is true'. Most importantly, this querying process, under the support of SXT's technology, is compressed to sub-second levels, making it not only fast but also secure.

In addition, the accompanying problem is, who will ensure that this SQL data is not randomly written? Thus, the project team established a validator network.

Like most validator networks, validators synchronize data from on-chain/off-chain (ETH, Polygon, BTC, CEX API, etc.) through Byzantine Fault Tolerance protocols to reach consensus and are required to stake SXT tokens. Random signing will be penalized. This ensures that the data is trustworthy and reusable.

2. Economic model interpretation

In the project token, the community allocated 51.7% of the share, which is quite substantial. It is evident that the project team is quite generous in token distribution towards the community. In short, the SXT token has two core values.

On one hand, it serves as a security guarantee for the validator network; as mentioned earlier, validators must stake SXT; otherwise, they cannot participate in signing verification; cheating will lead to punishment.

On the other hand, it acts as an ecosystem-driven token, where developers can earn SXT by releasing high-quality data, and query users must also use SXT along with network fees.

Through the economic model and technology, it successfully transformed Web3 data into a commodity with supply, demand, verification, and payment.

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3. What significance does this have at the current stage?

We are currently in a very awkward stage: on-chain is becoming increasingly complex, the wealth effect is getting better, but people are becoming more hesitant to trust.

In DeFi, you don't know if you are a real user or a bot; RWA wants to go on-chain, but who will verify the off-chain data is unclear;

AI agents have entered, but how do we know on-chain whether they are fabricating data?

Simply put, contracts are essentially 'invisible', let alone 'trustworthy'.

SXT is addressing this core issue—allowing contracts not only to see data but also to verify its authenticity, truly establishing a new mechanism of 'on-chain trust'.

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4. Conclusion

Currently, it is evident that at least the AI and RWA trends are likely to be the next major hotspots; AI needs data for judgment but is untrustworthy and unverifiable; RWA is starting to gain traction, and how to prove that off-chain assets, compliance, and real-world entities are genuine when they go on-chain?

This is the greatest narrative value of SXT, turning this matter into a protocol layer, rather than just an application or plugin. It makes 'trustworthy data + automatic verification' possible, allowing DeFi, RWA, and AI to utilize credible data and make more complex and precise responses. You could even say that this is a complete on-chain 'audit system'.

Widespread demand and compelling narrative—this is the underlying reason for being able to go on Binance and continue to receive attention.

Special statement: The above analysis is based solely on fundamental research analysis of publicly available information and does not constitute investment advice, DYOR!