Saakuru-MetaOne-logo
Embeddable SDK
Cashback
dApp Store
Referrals
Help
Saakuru-MetaOne-logo
Saakuru-MetaOne-Discovery
Discovery
Saakuru-MetaOne-Apps
Apps
Saakuru-MetaOne-Games
Games
Saakuru-MetaOne-Search
Search
Explore Web3 & Metaverses intuitively with Saakuru App
Created by
Saakuru-MetaOne App logo
Saakuru-MetaOne-Discover
Discover
Saakuru-MetaOne-Apps
Apps
Saakuru-MetaOne-Games
Games
Saakuru-MetaOne-Search
Search
Saakuru-MetaOne-Saakuru-MetaOne-banner-logo
Saakuru-MetaOne-Saakuru-MetaOne-logo

SupraOracles

Scale your Web3 project with SupraOracles. Apply for Supra Network Activate Program (SNAP), designed to boost top Web3 projects with free oracle services, VRF/RNG, and technical assistance*.
Category
Saakuru-MetaOne-Saakuru-MetaOne Category
Developer Tools
Blockchain
Saakuru-MetaOne-Iotex-badge-icon
Saakuru-MetaOne-Fuse-badge-icon
+3
IoTex, Fuse, Polygon, Optimism, Arbitrum ...
Publisher
Saakuru-MetaOne-Saakuru-MetaOne-Publisher
SupraOracles Team
Saakuru-MetaOne-play-button
Saakuru-MetaOne-play-button
Saakuru-MetaOne-play-button
Saakuru-MetaOne-play-button
Saakuru-MetaOne-play-button
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
Saakuru-MetaOne-game-image
What is SupraOracles?
We at SupraOracles carry a deeply academic, research driven approach with a focus on solutions that improve the core infrastructure of blockchain. After years of research and development with cryptography experts behind the wheel, we're excited to share our solutions with you.
Information
Type
Service Platform
Blockchain
IoTex, Fuse, Polygon, Optimism, Arbitrum
IoTex, Fuse, Polygon, Optimism, Arbitrum
Platform
Windows, macOS
Publisher
SupraOracles Team
FAQ
In case you’re new to blockchain, data stored in blockchain cannot be altered, only added to. As this data is added and secured, it forms a chain of blocks of referencing data that are interlinked together cryptographically, and this is where the name comes from. And this is also where the problem appears.

The problem is not obvious to those outside of the blockchain industry and many blockchain developers themselves are not even aware of this problem until they encounter a particular need: blockchain itself is limited in its capabilities since it is unable to connect to data in the outside world. In other words, Oracles are the means in which to connect external, real-world data into blockchain thereby greatly expanding the possibilities of what you can do with the technology.
DeFi puts the power of finance back into the hands of ordinary people. Instead of being forced to use banks and other centralized institutions, customers can hold onto—and invest their own money directly and securely.

In essence, DeFi means that you own your own money and have access to a new universe of ways to invest it. By increasing industry competition, DeFi also empowers independent developers and entrepreneurs to provide better banking and investing solutions for everyone.

In addition to providing revolutionary new products and services, DeFi also forces traditional financial (TradFi) institutions to up their game and provide better services to their customers.
Blockchain oracles are services that connect blockchain smart contracts to real-world data. Since blockchains are typically closed systems, they rely on additional layers of infrastructure to acquire and ingest data. Most smart contracts need outside, real-world data to operate, such as the current price of cryptocurrency for an exchange contract, or the outcome of a certain real event for a betting platform.

Blockchain oracles can be either centralized or decentralized. Centralized oracles are controlled by a single entity and generally rely on a single data source for their information. In contrast, decentralized oracles use multiple, independent data sources that do not coordinate with each other. This can be ideal for smart contracts that need faster, more accurate data.
A smart contract is a computer program stored on a blockchain. Smart contracts automatically execute commands when specific conditions are met. Common smart contracts include agreements between buyers and sellers to swap tokens or to execute legal contracts.

Smart contracts can also send cryptocurrency to a certain address when a certain real-world event occurs, such as in the case of blockchain or DeFi insurance for hacking or weather events.

Smart contracts form the core of blockchain and DeFi applications, as no human intervention is needed to execute the contract after both parties agree to it. This creates “trustlessness” since you do not need to trust a third-party to execute a transaction, only the quality of the smart contract itself. Smart contracts cannot be changed once they are created, which helps avoid manipulation by bad actors.
Social Links
Saakuru-MetaOne-Twitter
Twitter
Saakuru-MetaOne-Discord
Discord
Saakuru-MetaOne-Telegram
Telegram
Saakuru-MetaOne-Medium
Medium
Saakuru-MetaOne-LinkedIn
LinkedIn
Saakuru-MetaOne-Youtube
Youtube
You Might Also Like