Supra’s Oracle price feeds are now live on Taiko Hekla

Supra’s Oracle price feeds offer increased data integrity and accuracy to Taiko dApps

Supra has announced the launch of its Oracle price feeds on the Taiko Hekla network. Supra’s DORA provides dApps with real-time data access, improving their decision-making capabilities, reliability, and overall functionality on the Taiko platform.

Supra Offers Enhanced Data Integrity

Oracles are crucial mechanisms in blockchain, linking blockchains to external data. This data is vital for many applications but presents a challenge due to the deterministic nature of blockchain operations, which requires consistent output from identical inputs under all circumstances. To resolve this, oracles must operate with comprehensive inputs to specify exact conditions for data retrieval, ensuring consistent results across all executions.

Archival and authenticity are central to effective oracle operations. Oracles must store data in a tamper-proof manner (often on the blockchain itself) and verify the authenticity of this data, which is challenging if the data sources do not provide verifiable digital signatures. Moreover, when multiple data sources provide varying data, aggregation becomes necessary to deduce a single representative value for use in blockchain applications.

Supra’s Oracle price feeds tackle these challenges by introducing a robust aggregation method that accounts for Byzantine faults — where nodes may fail or act maliciously. It operates by forming a consensus among nodes about a single data value, ensuring that even in the presence of faulty nodes, the system can derive a reliable and representative output. This Byzantine fault tolerance is crucial for maintaining the integrity and reliability of the Oracle system.

Taiko Integrates Oracle Price Feeds

Taiko is an Ethereum-based rollup that is permissionless and secured by Ethereum’s validators. It offers an Ethereum equivalent (Type 1), ensuring maximum compatibility with Ethereum without the need for additional compiling or re-auditing. 

Taiko emphasizes a seamless user experience, community alignment with fully open-source development, and a security-first approach, maintaining the same level of trust and decentralization as Ethereum. Developers can start building immediately using their usual EVM tools. 

The final testnet, Taiko Hekla, will transition to the mainnet. In addition, Oracle price feeds are now integrated with Taiko Hekla, utilizing Supra’s price feeds for secure operations. This allows Taiko developers to access real-time price updates on demand, enhancing efficiency and reducing costs by only pulling data when necessary.

Innovate and Build the Future with Supra

Supra is leading the way in developing scalable, secure, and efficient decentralized Web3 services, focusing on rapid transaction finality on-chain. Their developer toolkit, which includes an extensive collection of comprehensive guides and technical whitepapers, provides essential resources for builders. 

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