Category: Oracles

Chainlink rolls out OCR system upgrade, reducing gas costs tenfold

February 24, 2021

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Chainlink (LINK) has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already. OCR changes how data across multiple sources is joined together by the oracle network. Previously, the process of aggregating different readings of the […]

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Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node

February 1, 2021

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Kraken’s connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps. Kraken co-founder and CEO Jesse Powell.(Courtesy of the company) Feb 1, 2021 at 11:30 a.m. UTCUpdated Feb 1, 2021 at 11:32 a.m. UTC Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node […]

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‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera

November 12, 2020

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Nov 12, 2020 at 2:00 p.m. UTCUpdated Nov 12, 2020 at 3:16 p.m. UTC Placeholder partner Chris Burniske at Consensus Invest 2017(CoinDesk archives) ‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera When it comes to solving the so-called “oracle problem,” or the way blockchains are connected to outside data sources, we can […]

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Critics grumble as YieldWars uses AP election call as an oracle

November 7, 2020

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YieldWars used Associated Press data to settle their prediction market, but some question the validity of using their call as an oracle 8598 Total views 52 Total shares Following the Associated Press’ call earlier today that President-elect Joe Biden had won victory over incumbent Donald Trump in the U.S. presidential race, the 174 year-old organization […]

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Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

November 4, 2020

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Nov 4, 2020 at 14:00 UTCUpdated Nov 4, 2020 at 14:07 UTC Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round from NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano Conti, former head of oracles at MakerDAO. “Mariano really understands what we’re doing,” said Razor Network […]

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