$SXT SXT Coin is the native token of the decentralized data warehouse protocol Space and Time. Below is relevant information:
- Basic Information: The total issuance is 5 billion coins. Approximately 1.4 billion coins will be released at mainnet launch, accounting for 28%, all sourced from community rewards. Tokens for the team and investors will be released linearly over 4 years, with 15% unlocked in the 12th month.
- Functionality: Validator nodes must stake SXT to participate in consensus and data processing; if any violations occur, the staked SXT may be confiscated. SXT holders can delegate their tokens to validators to earn rewards. Data providers who maintain data tables and provide high-quality data can receive SXT rewards. Additionally, SXT can be used to pay for fees associated with executing queries, inserting data, and other operations within the protocol.
- Technical Features: Space and Time achieves verifiable SQL query execution on relational table data by introducing the "Proof of SQL" zero-knowledge co-processor. It employs Byzantine fault tolerance consensus, with validator nodes jointly maintaining encrypted commitments to the data, ensuring that the data is immutable and auditable. Its hybrid processing architecture supports mixed workloads of online transaction processing and offline analytics, accommodating different business scenarios.
- Application Scenarios: Provides new data infrastructure for cross-chain DeFi, blockchain gaming, on-chain AI, and other applications, enabling smart contracts to safely access large-scale historical data. For example, developers can securely execute complex queries across chains or off-chain data as if accessing a local database.
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