How Space and Time is Accelerating Karak’s Universal Web3 Security Vision

• Karak has tapped Space and Time to help with its slashing and rewards mechanism.
• The Space and Time integration has been tipped to play a critical role in accelerating Karak’s vision.
• In addition to providing a key role for Karak, Space and Time will also leverage the protocol’s security service for its data indexing service.

From preventing exploits to determining rewards, the importance of timely access to valid data can not be overemphasized in the world of Blockchain technology, which is why Web3 security-as-a-service protocol Karak has recently tapped data-focused crypto startup Space and Time to help with its Distributed Secure Service (DSS) infrastructure, a web service that can be built by any project to leverage restaked assets on Karak for security. 

The partnership has been tipped to accelerate Karak’s goal of offering universal crypto-economic security to new projects through restaking support for any asset on any chain.

Space and Time to Power Karak’s Slashing and Rewards Mechanism

To provide faster slashing logic definition for its DSS service, Karak is partnering with Space and Time . On Wednesday, July 31, Karak disclosed that it was integrating Space and Time as a ZK coprocessor to power the computation behind DSS slashing and rewards off-chain and return proofs of this slashing on-chain.

Slashing and rewards are control variables critical to staking or restaking protocols like Karak as they help to keep network participants called validators, which secure the network, honest and reliable. When validators act in an undesirable manner, a portion of their stake is slashed. However, when they act desirably, they are rewarded.

Karak has tipped reliance on Space and Time’s data verification abilities to make the setting of the slashing parameters much faster for developers, which in turn will make it easier for projects to launch DSSs to rely on Karak’s Web3 security service.

“This strategic integration accelerates our vision for universal security,” Karak submitted, noting the significance of the Space and Time partnership.

Meanwhile, the recent partnership between the two projects is far from one-sided, as Space and Time also looks set to leverage Karak’s service for its network.

Space and Time to Launch Its Own DSS

In addition to powering slashing and rewards for Karak DSSs, Space and Time will also build a DSS to secure its blockchain data indexing service. Karak tipped DSS as the perfect fit for Space and Time’s data indexing service, highlighting the need for high levels of security and decentralization.

Space and Time joins the likes of Wormhole and Hypernative, which are also building a DSS on Karak’s restaking layer. Amid the growing interest, Karak has attracted over $1 billion in restaked asset value per Defi Llama data at the time of writing.

On the Flipside

• Despite Karak’s developmental efforts, it still faces an uphill battle to compete with more established players like EigenLayer.
• Some experts have suggested that Karak’s multi-asset support broadened the risks associated with restaking protocols.

Why This Matters

Achieving crypto-economic security is a growing challenge for many blockchain startups, often slowing down time to market and triggering additional costs. However, protocols like Karak help abstract away these complexities for new projects by offering crypto-economic security as a service. With the recent Space and Time integration, Karak promises to make it even easier and faster for projects to leverage its security service.

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