Oracles

The IOTA Foundation has integrated Pyth Network’s oracle services into its Ethereum Virtual Machine (EVM), enhancing data accuracy and security for dApps. Pyth Network, trusted by over 300 applications and 50 blockchains, provides low-latency price feeds for more than 500 assets, making it a key player in the DeFi space. In the latest development, the IOTA Foundation announced that Pyth Network has deployed its oracle services on IOTA’s Ethereum Virtual Machine (EVM). Oracles are essential for bringing trusted real-world data…

Ripple unveils plans for institutional DeFi on XRP Ledger with AMM, DiD, Oracles, and MPT.  One pivotal advancement already operational within the XRP Ledger ecosystem is the Automated Market Maker (AMM).  In a recently published blog post, Ripple disclosed its ambitious vision and roadmap for institutional DeFi (Decentralized Finance) on the XRP Ledger. The announcement encompasses several innovations set to redefine the DeFi landscape. These include Automated Market Makers (AMM), Decentralized Identifiers (DiD), Oracles, Multi-Purpose Tokens (MPT), and a native…

Ripple plans to release Oracles in Q2 2024, positioning itself as a strong competitor to Chainlink in the oracle space. The introduction of these Oracles could potentially drive XRP prices to new all-time highs. In line with the recent update from CNF, Ripple is taking a significant lead in integrating real-world assets (RWAs), with XRP prices outpacing Chainlink. This positions Ripple as a pivotal platform for the trillion-dollar RWA tokenization market. Blockchain expert Collin Brown highlighted in a recent tweet…

Oracles play an important role in the Web3 ecosystem by enabling the connection between blockchain smart contracts and external data sources.  This link enables smart contracts to include real-world data like financial information, weather forecasts, and other events outside the blockchain. This is paramount for decentralized apps (dApps) functioning properly and autonomously.  The Role of Oracles in Web3 Oracles’ function in the Web3 ecosystem is essential as they establish a connection between blockchain smart contracts and external data sources. Oracles…

[PRESS RELEASE – Zug, Switzerland, May 3rd, 2024] Chronicle Protocol is proud to announce the launch of support for zkSync. Scribe, blockchain’s first fully verifiable and cost-efficient Oracle, is live now on zkSync Era. Chronicle Protocol’s integration of zkSync unlocks decentralized, secure, and resilient price feeds for over 100 dApps already in the ecosystem. Chronicle has launched on zkSync Era with its core Oracles, BTC/USD and ETH/USD, with more price feeds such as USDT/USD, USDC/USD, and WSTETH to follow. “Together,…

There's been a lot of talk surrounding the capabilities and functionality of Chainlink lately. This revolutionary protocol seeks to eliminate many of the most common issues encountered by oracles today. Consequently, Chainlink has the potential to revolutionize the sector. What are Oracles? Oracles are third-party sensors that can trigger smart contracts. Importantly, these sensors do not live on the blockchain. Instead, they function as intermediaries. Specifically, oracles translate off-chain data to smart contracts on the blockchain and back again. For…