SEDA has launched the Interoperability Verification Module (IVM) framework, designed to establish an industry-wide standard for cross-chain verification. This plug-and-play solution enhances security, enables near-instant horizontal scaling, and promotes decentralization for interoperability protocols. The IVM leverages a multi-layer verification process involving an independent overlay network, decentralized solvers, and a combination of private and public RPC data providers, ensuring robust and tamper-proof verification of cross-chain transactions.
SEDA has announced the Interoperability Verification Module framework to set an industry standard for cross-chain verification for all routes, across any VM.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.
“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.
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.
Cryptocurrency Interoperability Blockchain Security Decentralization SEDA
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