Supra rolls out Oracle price feeds across IOTA EVM and ShimmerEVM

Supra’s DORA transforms data accessibility across IOTA EVM and ShimmerEVM

Supra has successfully integrated its price feeds into the just recently launched IOTA EVM and IOTA’s staging network ShimmerEVM. This integration aims to enhance trading strategies, financial applications, and market analysis tools by providing a trusted source of information. Developers can now use these accurate price feeds to build more robust applications on both platforms. 

Supra Optimizes Interoperability Stack

Supra is transforming blockchain by ensuring seamless and reliable integration of real-world data into blockchain networks. By establishing a robust network of interconnected nodes, the Distributed Oracle Agreement (DORA) addresses the complex issue of distributed agreement among oracles, essential for data integrity and reliability in DeFi. It is crucial for executing smart contracts that require precise and timely data.

Integrating smoothly with Supra’s Moonshot consensus mechanism and decentralized Verifiable Random Function (dVRF), DORA enhances security and operational efficiency, particularly in volatile market conditions. This integration secures the data verification process and ensures accuracy and reliability. As a key component of the HyperNova initiative, DORA is advancing the development of a cross-chain consensus mechanism.

DORA’s architecture is designed to minimize latency and maximize fault tolerance, forming coherent data clusters that elevate the security and trustworthiness of crucial data for smart contract execution in Web3. With flexible subscription models tailored to developer needs, DORA adapts to market dynamics, supporting the robustness and extending the functionality of blockchain networks, making it an indispensable tool in the evolution of blockchain technology.

IOTA EVM and ShimmerEVM Integrate DORA Price Feeds

Supra’s DORA price feeds are now available on IOTA EVM and ShimmerEVM for high-security smart contract operations. These feeds are provided on-demand to increase flexibility and reduce unnecessary costs for on-chain interactions.

IOTA EVM

IOTA EVM is an advanced EVM-compatible smart contract chain on the IOTA network. It facilitates value transfers between various smart contract chains connected via the L1 DAG ledger. It features high-speed processing, sub-second block finality, and advanced interoperability, making it ideal for building and deploying applications that require robust security and efficient operation.

IOTA EVM provides a versatile smart contract experience, leveraging its DAG base layer to support tokens and NFTs. It offers high scalability and efficient transaction processing through the utilization of appchains. 

Assets like NFTs and tokens can be moved seamlessly between layers without the need for bridges or intermediaries, enhancing both security and ease of integration.

Additionally, IOTA EVM introduces Magic Smart Contracts, which allow ideal interaction with both EVM and non-EVM chains without the need for custom bridges. It equips developers with essential tools and resources to enhance their applications.

ShimmerEVM

ShimmerEVM serves as a staging environment for all innovations coming to IOTA. It receives the newest features first and therefore presents a technical first-mover advantage for innovative developers eager to work on cutting-edge technology.

Innovate and Build the Future with Supra

Supra specializes in decentralized Web3 services, focusing on scalability, security, and speed. They offer developers comprehensive resources such as tools, guides, and whitepapers to facilitate effective implementation.

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