This oracle data provider platform has surpassed 4 million nodes since inception
The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting. Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward participants for the genesis, interpretation, analysis, and storage of data to be called upon for specific problems. There are currently over 4 million nodes worldwide on the XYO....
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Lenders on decentralized finance (defi) protocol Compound on Thursday got liquidated for a massive $103 million, according to analytics provider Loanscan. This happened after what appears to be an oracle exploit on the Dai stablecoin. An apparent error or malicious attack to the Dai-dollar-peg data supplied by the Coinbase oracle pushed the price of the stablecoin to about $1.30 – a premium of 30% – leaving some users on Compound under-collateralized. Compound gets its pricing data from Coinbase Pro. Now, once this happened, and based on the built-in protocol rules, this could....
Blockchain technology indicates not only bitcoin but in reality, it has the capacity to change businesses with smart contract-related blockchain frameworks like XinFin. There are many oracles present which play a major role in connecting the gap between blockchain application and external data, however, not all of them succeed. Decentralized oracle platform Plugin offers cost-effective solutions for any smart contract on XinFin platform. GoPlugin.co gathers information from various external sources, consolidates and makes sure the exact value is offered to its users at any point of time.....
Decentralized oracle provider, Chainlink (LINK), has made significant progress in terms of regulation by becoming the first oracle platform to achieve both ISO 27001 and SOC 2 compliance, enhancing the protocol’s security standards. How Chainlink’s Certifications Enhance Its Oracle Services The announcement detailed that the compliance assessments encompass Chainlink Data Feeds—particularly focused on Price Feeds […]
The blockchain oracle provider said that this will be the first time that its shares will be available at a regulated trading venue. A blockchain firm founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets. XY Labs, the blockchain company behind the XYO protocol, has announced that its Class A Common stock started trading on tZERO ATS, the alternative trading system subsidiary of the stock broker tZERO Group. According to the blockchain oracle data provider, this will be the first time that shareholders will be able....
Decentralized oracles are specially created to achieve deterministic results that rely on cause and effect in comparison to an individual relationship. A decentralized oracle solves security issues by providing a trusted and reliable system. More so, it bridges the gap between blockchain smart contracts and external data sources by applying the traditional method of using API to fetch data. They obtain data from the most trusted sources and deliver it to the user through the blockchain and external data sources. The Plugin is the agnostic decentralized oracle. It offers a cost-effective....