The Good Tech Companies - SEDA's Flagship Verification Module To Secure A $120 Billion Industry

Episode Date: February 11, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/sedas-flagship-verification-module-to-secure-a-$120-billion-industry-eb8waku. Interoperability providers integrating the SEDA IVM can access a hyper-specialized framework for independent, permissionless verification of any cross-chain tra Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #seda, #chainwire, #press-release, #seda-protocol, #blockchain-development, #blockchain-interoprability, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. SEDA has announced the Interoperability Verification Module (IVM) framework to set an industry standard for cross-chain verification for all routes, across any VM. SEDA IVMs are a plug-and-play verification solution for interoperability protocols, adding significantly upgraded security.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. SATA's flagship verification module to secure a $120 billion industry. By Chainwire, New York, New York, February 11, 2025, Chainwire, SATA Haas announced the interoperability verification module, IVM, framework to set an industry standard for cross-chain verification for all routes across any VM. Today, SATA announced the first of its kind interoperability verification module framework. SATA IVMs are a plug-and-play verification solution for interoperability protocols, adding significantly upgraded security, near-instant horizontal scaling,

and increased decentralization out-of-the-box. Interoperability providers integrating the SATA IVM can access a hyper-specialized framework for independent, permissionless verification of any cross-chain transaction across all routes. The SATA IVM framework is built to serve the modularization of interoperability architecture necessary to scale from the current landscape of 347 active networks to an estimated 2,000-plus chains by 2026. The IVM framework leverages a multi-layer verification process consisting of an independent overlay network, decentralized solvers, and a combination of private and public RPC data providers. With nearly $2 billion lost in bridge hacks since 2020, the SATA IVM presents a critical

piece of industry-needed security infrastructure. Built to offer a robust, scalable, and customizable module, the IVM provides independent decentralized verification for millions of transactions across thousands of networks. Key features and benefits of the SATA IVM include industry-wide data parity with a singular security zone, built-in liveness guarantees, programmable design to suit specific needs of bridge, solver, and abstraction layers, permissionless access and deployments. Greater than the demand for robust interoperability infrastructure has surged as users and greater than developers engage with hundreds of specialized networks, said Peter Mitchell, greater-than-CEO and co-founder of SADA. Over the last two years, the interoperability sector has expanded dramatically,

achieving a transaction volume of over $123 billion in 2024. Projections indicate this sector could reach over $250 billion in 2025. Our IVMs represent a significant advancement for Interop 3.0, allowing any interoperability provider to customize parameters within the SATA IVM framework, ensuring independent verification across all routes through a single deployment. Parallel to a message relayed between chains, the IVM automatically initiates a secure verification sequence, in which a dedicated secret committee of independent overlay nodes is formed to query RPC data on the source chain. Results

are returned via a commit-reveal scheme for data integrity and preventing manipulation, after which protocol-defined instructions filter and order results before being batched on SATA's main chain. Data results are secured with tamper-proof cryptographic guarantees before being relayed by solvers to the destination chain. The SETA IVM directly addresses recent industry challenges, such as the Stargate bridge downtime caused by an offline multi-sig verifier. By plugging into SETA's distributed

verification architecture, interoperability providers inherit security and liveness guarantees associated with SETA's network design, consisting of a performant Layer 1, a highly decentralized overlay network, and a censorship-resistant solver network. This design mitigates collusion risk and downtime commonly associated with default multi-sig relay setups, which secure over $10 billion in monthly volume. By decoupling verification, interoperability providers can focus on scaling services to thousands of new chains,

allowing SATA to provide specialized verification for all routes. For more information about SATA's IVM framework and integration possibilities, users can visit https://sata zai or join the community on discord at https colon slash slash discord dot gg slash sata dot about sata. SATA is a programmable oracle infrastructure that enables builders on any network to connect application-specific data feeds in seconds. Contact head of marketing Matthew Peter SATA Matt at sata dot zai. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you

for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.