DOTOracle – Rendering Decentralized Solutions to Polkadot and its Ecosystem
With a jump of more than 350% in its price this year, Ethereum has outperformed major cryptocurrencies, bolstered by the rise of decentralized finance (DeFi) protocols, like liquidity aggregators and decentralized exchanges. These projects brought in viable use cases that could extend to everything from insurance to decentralized trading and loans to yield farming. However, […]
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Umbrella Network, the decentralized Layer-2 oracle solution, has officially launched on Ethereum Mainnet. The company made this announcement on its blog on Friday. Umbrella Network is a community-owned Layer-2 oracle network that batches data for providing low-cost, scalable, and secure data. It utilizes the advances in Merkle tree technology to write multiple data points on a single on-chain transaction, making batching data to smart contracts more accurate and cost-effective. Umbrella network believes a community-owned oracle solution is essential to creating a truly decentralized....
Blockchain software development and security consultancy firm Arcadia partnered with DotOracle Network to build the first cross-chain bridge on Casper Network, the first proof-of-stake (PoS) blockchain developed based on the Casper CBC (correct-by-construction) specification. Arcadia and DotOracle will build a liquidity network layer for Casper Network, which will enable users to move digital assets back […]
As Polkadot’s vision of a decentralized web advances, the integrations of KILT Protocol and the fintech platform Current are adding new utility layers across the blockchain’s ecosystem, helping tear down the existing barriers between Web 2.0 and 3.0. Value-Driven Integrations to Overcome Traditional Digital Obstacles As excitement over Polkadot’s forthcoming launch heats up, more players are joining the ecosystem with novel solutions for how Web 3.0 can add incremental value for users in a manner that puts them in the driver’s seat. It is evident that the....
Examine how Polkadot's ecosystem and Substrate platform can be compared to Ethereum’s upcoming upgrade as the race toward Web3 gathers momentum. For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality.Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake....
Polkadot is making moves to expand its ecosystem, announcing a new DeFi Alliance alongside a new support program for validators. Polkadot has become the latest Ethereum competitor to launch a decentralized finance alliance.Announced on Dec. 3, the alliance aims to overcome the decentralized nature of the Polkadot ecosystem, providing a platform for its community to discuss using the Polkadot Network and its underlying Substrate technology stack for DeFi.Oracle network Chainlink is among the alliance’s founding members. The company’s global head of business development, Dan Kochis,....