On Oct. 26, crypto giant Binance announced Binance Oracle, a new service that will source, verify, and feed off-chain data to smart contracts running on the BNB Chain.
The company claims that the Oracles will provide a “more reliable, secure, and accurate data sourcing solution for smart contracts.”
The new service, which launches this month, will enable existing Web3 dApps and BNB Chain partners to access oracle data sources. The company confirmed that more than ten projects had already integrated with the Binance Oracle network.
New product: #Binance Oracle – Enriching the #BNB Chain Ecosystem.https://t.co/31tVtxMSa9
— CZ Binance (@cz_binance) October 26, 2022
Competing With Chainlink?
Chainlink is currently the industry standard provider for decentralized data oracles, and its community has already started to pick holes in Binance’s offering. On Oct. 27, ‘ChainLinkGod’ questioned why anyone would launch a centralized price oracle in 2022, adding:
“Docs and marketin
We współpracy z: https://cryptopotato.com/binance-launches-oracle-network-for-bnb-chain-ecosystem/
