Binance Launches Oracle Network A Decentralized Web3 Oracle

Binance Launches Oracle Network to Power BNB and Web3 Chain Ecosystem

According to an announcement by Binance this afternoon on October 26 that it will launch the Oracle Network to connect smart contracts with off-chain data to retrieve or send information for better usability.

It will enable smart contracts to run on real-world inputs and outputs, starting with the BNB Chain ecosystem.

Binance Oracle will be a valuable addition to the scalable BNB Chain infrastructure, providing a way for 1,400 decentralized applications and partners in the Web3 ecosystem to access existing data sources. and advanced calculations. The first program has started and more than ten BNB Chain projects have been integrated with the Oracle network, Binance Oracle is chain agnostic and will eventually support more blockchains.

Investment Director at BNB Chain, Gwendolyn Regina said: “Binance Oracle will emerge as a significant contributor to Web3 by providing a stable, reliable, and efficient Oracle network with comprehensive accuracy and accessibility features”.

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