November 18, 2021 - 2 min read
SupraOracles will be partnering with LCGY, a powerful decentralized Layer 1 with a Proof-of-Stake consensus mechanism. The network aims to be the leading open-source decentralized blockchain. LCGY Network’s mainnet, Supernova, is incredibly fast and cheap, coming in at 10K transactions per second with an average cost of $0.01 per transaction.
The Supernova mainnet will also offer block explorers and a decentralized exchange (DEX) with an automated market maker (AMM). All three of these features will be powered by SupraOracles’ oracle services and data feeds. LGCY’s block explorer will display LGCY’s on-chain data, including data pertaining to transactions, addresses, tokens, prices, and more.
Additionally, functions on the Blockchain Explorer will include an API and Analytics Platform, where SupraOracles’ data feeds will complement LGCY’s on-chain data. LGCY’s Myriadex allows users to swap LRC-20 tokens on a fully decentralized exchange that makes use of liquidity pools as opposed to centralized order books. SupraOracles will provide price pairings data feeds, interest rate data feeds, and other data as needed for this DEX.
Justin, Project Manager of LGCY Network, commented: “We’re super excited to partner with supra oracles and eagerly await their mainnet as we’ll look to onboard and use their oracles at a later stage.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “We’re looking forward to supporting LGCY’s ecosystem, and we’re committed to tailoring our customized solutions to their specific needs. I would also be interested in doing an AMA with the LCGY team to discuss the future of Layer 1 technologies. I think there are many synergies and compatible visions between the Supra and LGCY teams. From what I’ve heard from my team, there are many present and future opportunities for this partnership.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
LGCY Network is a DPoS, open-source blockchain protocol with industry-leading transaction speed and flexible utility.
Sign up for the Supra newsletter for company news, industry insights, and more. You’ll also be the first to know when we come out of stealth mode.