Supra Oracle price feeds are now available on Humanode Network

August 02, 2024 - 3 min read

Supra price feeds deliver superior data integrity to applications on Humanode

Supra has launched its Oracle price feeds on the Humanode Network. Supra is excited to provide real-time data that will enhance the decision-making, reliability, and functionality of dApps on the Humanode ecosystem.

Supra Enhances Blockchain Interoperability

Oracles are crucial in blockchain technology, bridging the gap between on-chain and off-chain data, which is essential for the functionality of decentralized applications. Supra Oracles enhance this capability by offering a robust solution that efficiently validates and transmits data, significantly improving the reliability and utility of smart contracts.

The core of Supra’s technology is its Distributed Oracle Agreement (DORA), which fetches and authenticates price feeds from high-quality sources. DORA addresses common challenges like Byzantine faults and collusive behavior, which can undermine data integrity. It offers developers flexible, low-latency data subscription options, essential for building reliable dApps.

DORA integrates seamlessly with Supra’s Moonshot consensus mechanism and distributed Verifiable Random Function (dVRF), providing strong Layer 1 security guarantees. This integration improves response times and network reliability while offering robust fallback mechanisms for volatile conditions. Supra is also developing HyperNova, a bridgeless cross-chain consensus mechanism, which will enhance blockchain interoperability and Oracle technology further.

Humanode Integrates Oracle Price Feeds

Humanode is a unique blockchain platform that promotes decentralization through a model where one human equals one node and one vote. This approach uses private biometric verification to ensure each node is controlled by a unique individual, promoting equality in fee distribution, validation, and voting, and preventing centralization common in traditional blockchain systems.

Built on the Substrate framework, Humanode supports scalable and interoperable blockchains and features a decentralized liveness detection system with advanced AI modules to verify real humans, preventing misuse by photos, masks, or deepfakes. It also includes an EVM-compatible smart contract layer for developers and a decentralized decision-making system, DAO Vortex, that distributes voting power equally among participants.

Humanode has partnered with Supra as its main oracle provider, enabling decentralized lending, borrowing, and other Web3 applications. Supra Oracle price feeds have been integrated with Humanode, leveraging these feeds for secure operations. This integration enables Humanode developers to improve efficiency and reduce costs by retrieving data only when necessary.

In addition, the team is also developing a cross-chain biomapper which helps projects verify the uniqueness of web3 accounts and stop Sybil-attacks. Integration with Supra’s Oracle services will allow users to biomap from other blockchains and Layer 2 solutions directly without the hurdle of bridging or buying Humanode’s native tokens on CEX. The adoption of Humanode cryptobiometrics has rapidly grown, attracting over 500,000 users and supporting 500+ projects.

Innovate and Build the Future with Supra

Supra is at the forefront of developing scalable, secure, and efficient decentralized Web3 services, prioritizing rapid transaction finality on-chain. They offer a developer toolkit that includes comprehensive guides and technical whitepapers, providing essential resources for builders in the Web3 space.

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