The Coin Detective
Coins:
1976
Market cap:
$ 2734.68B
Volume 24h:
$ 166.60B
BTC dominance:
50.9%

Cardano-based project Ergo is handling oracles a lot differently than Chainlink

By maxbit.cc on August 29, 2020


Cardano (ADA) is getting into data oracles ahead of the Goguen era that will add smart contract functionality, taking a different approach than Chainlink. The first oracles are being built in partnership with EMURGO, one of the companies in the Cardano ecosystem, and Ergo (ERG). The first two oracles are deployed on Ergo and provide price feeds for the two trading pairs: ADA/USD and ERG/USD. The new model introduces Oracle Pools, which are capable of incentivizing good and disincentivizing bad behavior. Ergo's core developer Alexander Chepurnoy told Cointelegraph that the idea involves major players in the DeFi ecosystem donating funds

Go to maxbit.cc




Related coins: Cardano, Chainlink