January 29, 2024 - 2 min read
Supra is thrilled to announce that our decentralized Oracle (DORA) service is now live on Optimism’s OP Mainnet. This launch signifies a leap forward in offering immediate access to live, real-time data, a game-changer for dApps on Optimism in making smarter decisions.
It extends the capabilities of applications on this network. Supra’s provision of these superior oracle services on OP Mainnet underscores its commitment to driving innovation and enhancing the functionality and productivity of dApps in the Optimism ecosystem.
At the forefront of advancing blockchain interoperability, Supra’s DORA plays a crucial role. Its prowess lies in accurately collecting and authenticating real-world data, effectively tackling challenges like Byzantine faults.
DORA works in harmony with Supra’s Moonshot consensus mechanism and the distributed Verifiable Random Function (VRF), boosting both security and efficiency, especially in volatile market conditions. Furthermore, Supra’s development of the HyperNova initiative continues to push the boundaries of its technological capabilities.
Oracles, like DORA, are essential for bridging deterministic blockchains with the unpredictable nature of real-world data, ensuring the integrity, relevance, and synthesis of data for blockchain applications. DORA enhances the reliability and effectiveness of smart contracts and the Web3 environment by focusing on node consensus, termination, agreement, and validity.
OP Mainnet stands out in the Ethereum community as a Layer-2 scaling solution, effectively tackling Ethereum’s scaling and price issues with speed and cost, enabling dApps to function more efficiently and cost-effectively, making it highly favored among developers and users.
OP Mainnet’s use of Optimistic rollups, which consolidate multiple transactions into a single Ethereum transaction, greatly reduces gas fees. This positions OP Mainnet as a crucial tool for those desiring a quicker, more affordable, and decentralized experience.
Furthermore, OP Mainnet now features Oracle price feeds for smart contracts from Supra’s DORA. These on-demand price feed updates add flexibility and cost efficiency by minimizing unnecessary blockchain interactions.
Supra is a leader in Oracle services, enhancing both the functionality and security of blockchain applications. With a toolkit supported by comprehensive guides and whitepapers, Supra not only improves app performance but also simplifies integration.
Furthermore, Supra is expanding its reach across various blockchain ecosystems, signaling an era of exciting and innovative advancements. Be part of this groundbreaking evolution.
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