Aleph Zero Partners with SupraOracles: A State-of-the-Art Oracle Solution

We’re ecstatic to announce the next partnership coming our way! Aleph Zero is to collaborate with Supra Oracles on bridging the gap between traditional capital markets and the Web3.0 ecosystem.

You may ask why is this important? What’s the deal with oracles? In short, oracles are the middleware that makes it possible for Layer 1 solutions to merge with the dynamic, ever-changing environment of the real world. On their own, blockchains are closed ecosystems that although useful and vital need that extra “push” to truly flesh out their potential. Any project that aspires to enter the exciting world of DeFi or dApps needs to cooperate with an oracle. In our case, that extra “push” will come in the form of SupraOracles as one of Aleph Zero’s oracle providers. Ultimately, we’re looking at onboarding several partners to give developers the choice to integrate their preferred oracle solution.

Aleph Zero is doing amazing things with its consensus architecture and incredible scalability. We are looking forward to integrating with this ecosystem as an oracle provider, and ally in building scalable layer 1 technologies.

Joshua D. Tobkin, CEO and Co-founder of SupraOracles

What Makes SupraOracles so Special?

SupraOracles is an exciting project that solves many of the challenges prevalent among currently existing oracles. These hurdles are collectively called the Oracle Problem. This umbrella term encompasses the lack of transparency, price delay and deviation, and the lack of accountability that hinders the development of novel collaborations between Layer 1’s and novel Web 3.0 innovations. SupraOracles is a state-of-the-art solution to these challenges that will allow developers to create, deploy, and manage data applications with superior performance, robustness, and agility.

We’re building a high-performance, privacy-enhancing infrastructure layer that requires partners who develop a highly reliable oracle service. SupraOracles aims to bring a solution to slippage, the fair market value of digital assets, and oracle manipulation—which we believe are absolutely necessary in the space.

Antoni Zolciak, co-founder of Aleph Zero

The SupraOracles team is a “who’s who” of experienced professionals with experience in all things Web 3.0. This includes a superior understanding of consensus protocols, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, the “big four” consulting, blockchain/DLT, and DeFi.

We are proud to partner with SupraOracles, whose expertise and innovative approach in solving the Oracle Problem will allow us and all of our users to build on Aleph Zero, creating a vibrant ecosystem of cutting-edge Web 3.0 solutions.

Join SupraOracles’ community

Join Aleph Zero’s community

The post Aleph Zero Partners with SupraOracles: A State-of-the-Art Oracle Solution appeared first on Aleph Zero Foundation Blog.

Publication date

11/15/2021 - 16:03

Author

Alex Bączkowski

Article source

Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.