New York, New York, February 11th, 2025,
Chainwire
SEDA has announced the Interoperability Verification Module
(IVM) framework to set an industry standard for cross-chain
verification for all routes, across any VM.
Today, SEDA announced the first-of-its-kind
Interoperability
Verification Module framework. SEDA 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 SEDA IVM can access a hyper-specialized
framework for independent, permissionless verification of any
cross-chain transaction across all routes. The SEDA 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+ 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 SEDA 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 SEDA 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.
"The demand for robust interoperability infrastructure
has surged as users and developers engage with hundreds of
specialized networks," said Peter Mitchell, CEO and Co-founder of
SEDA. "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 SEDA 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 SEDA's main chain. Data
results are secured with tamper-proof cryptographic guarantees
before being relayed by solvers to the destination chain.
The SEDA IVM
directly addresses recent industry challenges, such as the
Stargate bridge downtime caused by an offline multi-sig
verifier. By plugging into SEDA’s distributed verification
architecture, interoperability providers inherit security and
liveness guarantees associated with SEDA’s Network design,
consisting of a performant layer one, 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 SEDA to
provide specialized verification for all routes.
For more information about SEDA's IVM framework and integration
possibilities, users can visit https://seda.xyz or
join the community on Discord at https://discord.gg/seda.
About SEDA
SEDA is a programmable oracle infrastructure
that enables builders on any network to connect
application-specific data feeds in seconds.
Contact
Head Of
Marketing
Matthew
Peters
SEDA
matt@seda.xyz
