Protocol Village: EOracle Says the Market Can Incentivize Better Data

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Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.

, aims to enhance Ethereum's security and data reliability through a trust marketplace – an incentive for accurate data, as founder and CEO Matan Sibon put it in an interview with CoinDesk. Creating a credible, neutral marketplace through eOracle allows for the matching of supply and demand with free market pricing, thereby fostering a more diverse and unbiased Oracle ecosystem that significantly reduces operational costs, Sibon said.

, a"restaking" protocol that will compete with EigenLayer to let upstart networks borrow Ethereum's security.on the Ledger Live app allowing for"one-click ETH staking," with extra rewards offered for early adopters. The product will be live at 8 a.m. UTC on April 15., following a $5 million funding round supported by Peter Thiel’s Founders Fund.

 

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