Supra, a provider of Layer 1 blockchain services and oracle solutions, recently announced plans to unveil its consensus mechanism at the DSN 2024 annual conference on dependable systems and networks. The team aims to introduce Moonshot, the consensus mechanism, through an official whitepaper presentation, showcasing its groundbreaking advancements for the blockchain industry.

This presentation will emphasize Moonshot's notable increase in throughput and reduction in latency compared to the Joltean consensus algorithm, which is recognized as the fastest and most efficient decentralized consensus algorithm worldwide. Additionally, Supra's reputation for industry-leading oracle price feeds and verifiable randomness services, utilized by over 80 blockchain networks, will be highlighted.

The Supra Distributed Oracle Agreement (DORA) serves to enhance blockchain capabilities by enabling the integration of real-world data while addressing critical challenges related to Byzantine faults and data integrity for smart contracts within the Web3 ecosystem. DORA offers both on-chain and off-chain applications for spot and perpetual decentralized exchanges (DEXes), payment protocols, lending protocols, and facilitates the connection between deterministic blockchain networks and real-world data.

Supported by the Moonshot consensus mechanism, the Supra network delivers high-performance and robust security to its Oracle data feeds. During extensive global testing, Moonshot demonstrated its ability to process 530,000 transactions per second across 125 globally distributed nodes, achieving impressive finality rates. With its advanced capabilities and performance metrics, Moonshot sets a new standard in the industry, surpassing many competing consensus mechanisms.

Supra's participation in DSN 2024 marks a significant milestone in showcasing Moonshot's capabilities and solidifies its position as a leading innovator in decentralized network technologies. Furthermore, Supra's adherence to reproducibility standards, evidenced by the awarding of Reproducible Badges for their database, underscores their commitment to transparency and technical excellence.

Looking ahead, Supra continues to push the boundaries of consensus mechanisms with the introduction of "Sailfish," a DAG-based protocol expected to further enhance performance when combined with the Moonshot consensus algorithm.

The DSN 2024 event, hosted by the University of Queensland in Brisbane, Australia, represents an important platform for Supra to showcase its technological advancements and engage with the broader academic and industry communities.