Protocol Village: EOracle Says the Market Can Incentivize Better Data

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in US

United States United States Latest News, United States United States Headlines