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Luganodes X Predicate: Simplifying Transaction Prerequisites

Rules, Policies and Security

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Published on

17 Oct, 2024

Introduction

Luganodes is elated to announce its latest partnership with Predicate, a pioneering network that simplifies transaction prerequisites for on-chain applications. By becoming an operator within the Predicate Network, Luganodes will contribute to the verification and enforcement of flexible transaction policies for Ethereum-based applications.

What is Predicate?

Predicate is an innovative network designed to integrate pre-transaction rules seamlessly into blockchain applications. By leveraging Predicate Functions—a piece of code that returns a boolean value—developers can create modular, stackable rules. These rules are bundled into policies, allowing applications to predefine transaction prerequisites that must be met before transactions execute on-chain. With Predicate, transaction rules become as customizable as the applications themselves.

What Does Predicate Solve?

Predicate addresses a fundamental need for transaction-level expression and control on decentralized applications. By providing developers with a system to implement and enforce rules before transactions reach the blockchain, Predicate enables new models for on-chain interactions. Key challenges that it solves include:

  • Mitigating Financial Risks: Prevents unauthorized or suspicious transactions, improving compliance with anti-money laundering (AML) standards.
  • Collateral Verification: Attest to on-chain and off-chain collateral requirements
  • Access Control: Enables identity checks (KYC) and on-chain attestations for customizable access into decentralized applications.
  • Rate Limiting and Security: Limits transaction frequency to prevent abnormal usage and exploits.
  • Intent Expressivity: Give users and solvers more control over transaction pathways and the transactions that they are executing

With this rule-based structure, developers and communities gain control over transaction flow.

Predicate’s Design

Predicate’s architecture is both modular and transparent. Its structure allows any entity—whether an individual, organization, or DAO—to create, manage, and own policies that dictate transaction behaviors. Policies are composed of rules that are stored on Ethereum and updated as needed by the policy owner. These rules incorporate data from on-chain and off-chain sources, including transaction histories, blockchain analytics, and dynamic allowlists.

Luganodes X Predicate: Our Role as an Operator

Luganodes is proud to support Predicate by serving as an operator within its network. As an operator, Luganodes will perform two core functions:

  1. Signature Issuance: Verifying that each transaction meets the specific policy requirements of its destination protocol. Our signatures ensure that transactions adhere to the policy set by the application owner.
  2. Indexing: Building dynamic social graphs by indexing Ethereum transactions.

Our expertise in infrastructure security and reliable validation aligns seamlessly with Predicate’s goals, and we look forward to supporting the network’s commitment to secure, trust-minimized transaction prerequisities.

Conclusion

This collaboration with Predicate marks a significant step forward for Luganodes as we expand our role in advancing secure and reliable blockchain ecosystems. By supporting their network of incentivized operators, Luganodes continues to push the boundaries of what’s possible in decentralized infrastructure. Together, we’re building a safer, more customizable future for blockchain transactions.

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 45+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

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