Oracle paves the way for a more secure, scalable, and rapidly innovative DeFi landscape

 

With the continuous construction and improvement of digital infrastructure such as Web3.0, big data, artificial intelligence and industrial Internet, more new scenarios and applications have emerged. As the DeFi industry has witnessed many positive developments, the oracle project has also taken the express train and entered the fast rising channel. The development of the Prophecy Project is inseparable from the prosperity of the DeFi industry. The total market value of DeFi has increased from less than US $10 to US $8 billion, which is boosted by the global COVID-19 epidemic and the weakening global economic situation. But historical opportunities have beckoned to DeFi. As DeFi's "right-hand man", it is also reasonable to welcome the industry explosion. But the potential of the oracle goes far beyond that. Oracle firmly grasped the opportunity of the times and made a brilliant debut. With blockchain as its wings, it built an aggregation oracle connecting the encryption world and the real world, sharing the dividends of digital assets with global users.

Oracle project advantages highlight the pulse of the times

Security is the cost of obtaining network control. Usually, real world assets are anchored in the design of consensus mechanisms, such as PoW. Ease of use performance is the main reason for the low performance of the blockchain caused by the speed of data processing, which is that every transaction must be agreed on all nodes. Decentralization refers to having a large number of nodes participating in block production and verification. Generally, the greater the number of nodes, the higher the degree of decentralization. Oracle can ensure decentralization in the oracle network, ensuring security and ease of use. Aggregates data from multiple independent nodes to ensure tamper proof and high availability when oracle transmits data to smart contracts. Obtain data from multiple high-quality data providers, ensure data quality at the same time, and improve the level of decentralization at the data source level.

Oracle ecosystem involves multiple interoperable cross chain parallel processing to achieve high scalability. It is designed to cater to the large-scale adoption of blockchain technology and achieve high-speed and low gas cost public chain. Oracle Public Chain has made a qualitative leap in performance improvement by using cross chain technologies. Focusing on improving the information processing performance, Oracle Public Chain works hard to unblock block congestion and reduce gas consumption. It is characterized by high concurrency and environmental protection, and paves the way for the infrastructure of Web3.0 and the huge data transmission of the future meta universe.

Oracle is a complete oracle overall solution to realize decentralization of oracle and data source; At the same time, Oracle will also support multi chain operation in the future. Oracle has perfectly overcome the problems of opaque, inconsistent, inaccurate, difficult to expand, and poor attack resistance of major oracle products in the market to a large extent. After years of operation summary, Oracle has accumulated a lot of experience in user use. It has complete and proven experience in terms of access speed, website expansion, etc. It has first-class application response speed, which can effectively ensure platform liquidity, improve user stickiness, and provide users with a better trading experience.

Oracle application system widely creates Web3.0 financial upgrade portal

Oracle, based on the oracle network, has a positive impact on multiple data sources, data security, data costs, privacy protection and other aspects in many industries including DeFi. With the prosperity of the Web3.0 ecosystem, the demand for data from various applications will gradually increase, which will lead to higher requirements for data. Oracle oracle network can accommodate more data sources, and has a stronger guarantee for data security and reliability. It can interact smoothly in different application scenarios, so that it can be applied to decentralized exchanges, decentralized lending, decentralized wallets, DeFi, financial derivatives trading, stable currency, NFT trading, quantitative investment, futures and options investment, trade and financial service platforms The application scenarios such as offline payment are used to build a financial investment portal from Web2.0 to Web3.0. While shortening the distance between the encryption world and products in the Internet era, more people can easily access and use encryption assets or decentralized applications in the financial field.

Oracle has built a world-class aggregation oracle by concentrating its global strength, developing its advantages in all aspects, grasping the pulse of the times, and using a comprehensive technical system. Its obvious advantages indicate that Oracle will become the leader and leader in the industry.