Kadena’s Post

Long before DeFi, oracles were a mark of cultural significance for empires across centuries. Michelangelo painted The Oracle of Delphi on the Sistine ceiling in Renaissance Italy. The painting depicts a high priestess who was thought of as the communication link between the people of Greece and the god Apollo. Just as ancient oracles served as conduits of divine wisdom and guidance, DeFi oracles bridge the gap between decentralized networks and the external world, ensuring that smart contracts operate with accurate, real-time data.

🚀 New Research: Why DeFi Protocols Should Migrate to Pull OraclesKey findings:90% reduction in gas costs5x improvement in data freshness5x increase in scalabilityPull oracles offer enhanced efficiency, cost-effectiveness, and flexibility for #DeFi protocols.Learn how Pyth, Chainlink, and others are leading this revolution!#Blockchain #Crypto #Oracles Check it out below https://lnkd.in/d7q4amv9

Supra is excited to announce that we've launched our decentralized Oracle (DORA) price feeds on Mantle Network. Mantle's on a mission to bring mass adoption of token-governed technologies with Mantle Network (an Ethereum rollup), Mantle Treasury, and a token holder-governed roadmap for products and initiatives. With this integration, Mantle Network users now have access to real-time price feeds with a new level of data accuracy and reliability, helping improve user decision-making and dApp functionality. Learn more here: https://lnkd.in/gMJXsjHx Joshua D. Tobkin Jon Jones Vincent Chen #ethereum #layer2 #mantle #blockchain #blockchaintechnology #blockchainstartups #blockchaindata #web3 #crypto #cryptocurrency #decentralization #blockchainoracles #defi #cryptowallets #dapps

🚀 Excited to share our latest piece on the future of #BlockchainDataWarehousing! 🌐 As we delve into the world of #Blockchain, it’s clear that the way we handle and store data is evolving. Our team at Bitquery has put together an insightful blog post on various aspects of warehousing blockchain data. Check out the full article here 👉 https://lnkd.in/dsztuQJN Let's start a conversation! What are your thoughts on the topic? Leave your comments below! #DataWarehousing #BlockchainTechnology #Innovation

Comparing Data Integrity Mechanisms – Blockchain vs. Traditional Databases In the ever-evolving landscape of information management, ensuring the integrity of data is paramount for the reliability and trustworthiness of digital systems. Two prominent approaches have emerged to address this concern: traditional databases and blockchain technology. While traditional databases have long been the stalwarts of data storage, transaction management, and integrity enforcement, blockchain, with its decentralized and cryptographic foundation, has gained considerable attention for its unique approach to safeguarding data. This exploration delves into a comparative analysis of data integrity […] Comparing Data Integrity Mechanisms – Blockchain vs. Traditional Databases #blockchain #DataIntegrity #Mechanisms

#DeFi #PythNetwork #RealtimeData #TON TON, Pyth Network Partner for Real-time DeFi Data: Pyth Network, a decentralized data oracle, and The Open Network (TON), a decentralized blockchain platform, have partnered to provide developers on TON with high-quality real-time data. Pyth’s pull oracle data flows are the primary focus of the collaboration, as per information provided to Cointelegraph. This integration will allow TON developers to “truly distinguish their applications.” […] The post TON, Pyth Network Partner for Real-time DeFi Data appeared first on Coinscreed.

One of exciting feature Chainlink offer is Data Streams in the realm of decentralized applications (dApps). It offer low-latency delivery of market data offchain, which can be verified onchain. This means dApps can now access high-frequency market data backed by a decentralized and transparent infrastructure whenever required. Unlike traditional push-based oracles that provide regular updates onchain based on specific price thresholds or time periods, pull-based oracles like Chainlink Data Streams ensure data integrity through onchain verification while offering higher frequency updates and lower latency. If you're interested in learning more about how to leverage these capabilities within your blockchain projects, I highly recommend exploring chainlink documentation which is the best place to start. https://lnkd.in/gmFgD8Ed #blockchain #chainlink #decentralizedapplications #solidity #web3

In data management, two major players have emerged: blockchain and traditional databases. Each brings unique strengths to the table, offering different advantages and applications. To understand which might be better suited for your needs, let's dive into the world of blockchain technology and traditional database systems, comparing their features, benefits, and potential drawbacks. #Blockchain #insights

Innovation: How the #exSat project is solving #Blockchain's data storage challenge with advanced #RAM technology. https://lnkd.in/eN4if2bV  #Blockchain #Bitcoin #Layer2 #DPoS #Web3 #EcoleduConsensusBlockchain

Ever wondered how smart contracts interact with real-world data seamlessly? Chainlink, a decentralised oracle network, bridges the gap effectively through its unique architecture and features, including the LINK token incentivizing accuracy and security. Key Points: - Chainlink facilitates secure connections between smart contracts and external data sources - The LINK token rewards oracle providers for accurate data feeds and serves as a medium of exchange - On-chain and off-chain architectures play crucial roles in data retrieval and delivery processes - The recent Chainlink Staking v0.2 upgrade offers enhanced security and flexibility for token holders What are your thoughts on the evolution of oracle networks and their impact on blockchain technology? https://lnkd.in/e8YGCbyS