👉In the crypto field, an Oracle refers to a trusted source of external data that provides information to smart contracts or decentralized applications (dApps). Smart contracts are self-executing contracts with terms written directly into code, and they are an integral part of blockchain platforms like Ethereum.While blockchains are secure and immutable, they lack connectivity to external systems and cannot access real-world data, such as stock prices, weather conditions, sports scores, or any other information that is needed to trigger or execute certain actions within a smart contract. This is where Oracles come in.Oracles act as intermediaries between the blockchain and the real world, providing external data to blockchain-based applications. They retrieve data from various sources, often using APIs or other data feeds, and deliver it to the smart contract. This enables smart contracts to make informed decisions and automatically execute actions based on real-world events.There are different types of Oracles, including software Oracles, hardware Oracles, and consensus Oracles. Software Oracles fetch data from APIs, websites, and databases, while hardware Oracles collect information from physical devices or sensors. Consensus Oracles use a system of multiple data sources and consensus algorithms to provide accurate and reliable information to smart contracts.Oracles play a crucial role in enabling decentralized applications to interact with the real world, bringing external data and real-time information into the blockchain ecosystem. They help bridge the gap between the on-chain and off-chain world, increasing the functionality and utility of blockchain applications.However, it is important to note that the accuracy and reliability of Oracles are paramount since they act as trusted sources of data. Without reliable Oracles, smart contracts may be vulnerable to manipulation or incorrect information, which can lead to undesired outcomes or financial losses. As a result, the development and integration of secure and trustworthy Oracles are critical for the widespread adoption of blockchain technology in various industries.$BTC $BNB $SOL #WebNext #BinanceEarnings #Oracle BinanceNFT

In the rapidly evolving landscape of decentralized finance (DeFi), accurate and reliable data is paramount. DIA (Decentralized Information Asset) stands out as a unique cryptocurrency project addressing this need by providing transparent, community-verified data oracles tailored for the DeFi sector. As the demand for decentralized applications (dApps) grows, DIA’s role becomes increasingly critical in ensuring the integrity of data across various platforms.
What is DIA?
DIA is a decentralized data and oracle platform that aims to bridge the gap between off-chain data sources and on-chain smart contracts. Founded in 2018, DIA is built on the Ethereum blockchain and has positioned itself as a key infrastructure provider for DeFi projects that require accurate pricing data, historical financial information, and other critical data feeds.
The primary utility of the DIA token is governance and staking within the platform. Token holders can participate in the decision-making process of the DIA ecosystem, influencing updates and improvements to the protocol. Additionally, users can stake DIA tokens to access premium data services, ensuring that the data provided is both accurate and valuable.
The Unique Value Proposition of DIA
What sets DIA apart from other oracle solutions like Chainlink or Band Protocol is its commitment to decentralization and transparency. Traditional financial data is often collected and verified by centralized entities, which can lead to biases, manipulation, or inaccuracies. DIA counters this by leveraging a decentralized community of data providers, validators, and users who collectively ensure the reliability and accuracy of the information.
DIA’s approach to data sourcing is crowdsourced and community-driven. Anyone can contribute data feeds, and these contributions are then verified by the community, ensuring a higher degree of transparency and accuracy compared to traditional oracles. This decentralized verification process helps to mitigate the risks associated with data manipulation and provides a more trustworthy foundation for DeFi applications.
DIA’s Role in DeFi
DeFi platforms rely heavily on accurate data for various functions, including lending, borrowing, derivatives, and insurance. A small discrepancy in price data can lead to significant financial losses, making reliable data oracles like DIA essential. By providing real-time, accurate, and tamper-proof data feeds, DIA supports a wide range of DeFi use cases, helping projects to operate smoothly and securely.
Moreover, DIA’s open-source framework allows developers to create custom oracles tailored to their specific needs. This flexibility is crucial as the DeFi space continues to expand and diversify, requiring data solutions that can adapt to new and emerging use cases.
Recent Developments and Future Outlook
DIA has been making significant strides in expanding its ecosystem. The platform has integrated with various blockchains beyond Ethereum, such as Binance Smart Chain, Polkadot, and Solana, to offer cross-chain data solutions. This multi-chain approach positions DIA as a versatile player in the broader crypto ecosystem, catering to a wide range of DeFi projects across different blockchains.
Looking ahead, DIA is focused on enhancing its data feeds’ quality and expanding its reach within the DeFi space. The team is actively working on partnerships with other DeFi projects and exploring new data use cases that can benefit from decentralized oracles. Additionally, DIA is investing in improving its community governance model to ensure that its platform evolves in line with the needs of its users.
Conclusion
DIA is more than just a cryptocurrency; it is a critical piece of infrastructure for the DeFi ecosystem. By providing decentralized, transparent, and community-verified data oracles, DIA is helping to build a more reliable and secure foundation for the next generation of financial applications. As the DeFi space continues to grow, DIA’s role is likely to become even more vital, making it a project to watch closely in the coming years.
#DIA/USDT #Oracle #BTC☀ #Write&Earn #CryptoMarketMoves $DIA

Welcome to Elys Network ---> https://elys.bonusblock.io?r=CeSBsDCx
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy

#DexTrade #DEFİ #Cosmos🥷 #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------

#FlareNetwork $FLR is revolutionizing the way businesses access and use decentralized data with its FTSOv2 upgrade. This substantial optimization promises to accelerate #DeFi adoption and pave the way for the cross-pollination of web2 and web3 data, offering unparalleled decentralization, speed, and affordability.
What is the Flare Time Series Oracle (FTSO)?
At its core, the Flare Time Series #Oracle (FTSO) is a crucial piece of blockchain infrastructure. It functions as a reliable bridge between off-chain data (like cryptocurrency prices, stock values, and more) and on-chain smart contracts. Smart contracts need this data to automate financial protocols, lending platforms, and other DeFi applications.
Why Decentralized Oracles Matter
Traditional oracle solutions often rely on a handful of data providers, which introduces centralization risks. A compromised or unreliable data provider can disrupt DeFi applications and lead to significant losses. Flare’s fully decentralized approach is in stark contrast to existing permissioned oracle models, ensuring greater security and tamper-resistance.
FTSOv2: The Key Enhancements
More Data, Delivered Faster: FTSOv2 now supports more data feeds than ever before (over 50 initially with the capacity for 1000+), and updates occur every 90 seconds for high-demand feeds. This provides DeFi protocols and other applications with near-real-time data to trigger actions, manage collateralization, and optimize trading strategies.Stream Updates: Optional Ultra-High-Frequency Data: In addition to regular updates, “stream updates” offer the possibility of getting incremental updates for every block. This caters to applications that require absolute up-to-the-second information.Scalability Without Sacrificing Decentralization: FTSOv2’s ingenuity lies in how it handles data aggregation to ensure low gas fees (transaction costs). Instead of bogging down the blockchain with complex calculations, computations are done off-chain, with only results and proofs being posted on-chain for verification.

Real-World Scenarios Where FTSOv2 Creates Significant Impact
Efficient DeFi Lending: FTSOv2 provides reliable, near-real-time price updates, empowering DeFi lending platforms to accurately calculate collateralization ratios and prevent under-collateralized loans. This lowers risk and increases stability for the entire ecosystem.Arbitrage Opportunities: With accurate, high-frequency price feeds, traders can better exploit price discrepancies in fragmented markets. FTSOv2’s speed and reliability facilitate strategies that rely on identifying short-lived arbitrage opportunities across different exchanges.Dynamic #NFT Pricing: NFTs can represent real-world assets or assets tied to dynamic factors like weather or sports results. FTSOv2 ensures NFTs can always reflect the current value of the underlying asset, driving novel applications and use cases.
Technical Innovations Behind the Scenes
FTSOv2 builds on its predecessor with intelligent tweaks to achieve its performance boost. The key changes involve:
Weighted Medians and Caps: FTSO incorporates data from 100 providers, aggregating their submissions into a final data point. Providers with a larger stake have more influence, but a cap prevents any single entity from becoming too powerful.Off-Chain Computation: Expensive calculations are shifted off the blockchain. Providers compute results individually and submit just concise proofs of their work to the blockchain.Fast Updates on Demand: #Dapps needing the most up-to-date data can fund increased frequency and precision of stream updates. This pay-as-you-go mechanism is ideal for high-speed trading setups.

FTSOv2: Data’s Decentralized Future
The enhanced FTSOv2 establishes Flare as a cornerstone in the evolution of data availability on the blockchain. Its promise of secure, scalable, and affordable data delivery positions it as a critical infrastructure component for next-generation DeFi, interoperability solutions, and the blending of web2 and web3 worlds.