Binance Launches Oracle Network A Decentralized Web3 Oracle
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”.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Elise
CoinCu News
VanEck and 21Shares are leading the race to launch a spot Solana ETF with bets…
Despite recent developments regarding Ether's classification, the SEC ConsenSys lawsuit for the MetaMask operations remains…
The CoinStats security incident caused a $2 million loss, affecting nearly 1,600 wallets, possibly linked…
Igloo has acquired Frame to focus on building the new Layer 2 for Pudgy Penguins,…
A Supreme Court ruling weakens Chevron deference, potentially affecting SEC regulations. Due to reduced SEC…
The SEC sues Consensys for unregistered securities transactions via MetaMask, violating federal laws. Over $250M…
This website uses cookies.