Dear Phoenix Global community,
We are glad to announce the Alpha version of the Phoenix Oracle — this is a significant milestone in the development of our own proprietary oracle that eventually will be used in a variety of enterprise dApp and DeFi use cases.
The Alpha version of the oracle completes the functionality for single-node data verification.
Phoenix Oracle is being developed as chain-agnostic, meaning that it would eventually be interoperable with public blockchains, including Phoenix Chain (PHB), Ethereum (ETH), Binance Smart Chain (BSC), and Klaytn (KLAY). In the Beta 0.5 version we will aim to complete multi-node functionality as well as launch a UI/UX for data connection visualization.
The Phoenix Oracle Modules development progress is described below in Table 1. We welcome the community to test and run the Phoenix Oracle code (requires an intermediate level of technical understanding), though recommend waiting for Beta 0.5 that includes the user interface for extensive testing with connections to test price data feeds of stocks and indices.
(The module rows shaded in blue below are scheduled for Beta 0.5)
Phoenix Oracle Architecture is pictured in Figure 1 below.
We expect after release of Beta 2.0, we will first utilize the Phoenix Oracle in the next wave of enterprise pilots to further test performance, stability, and security. For additional detail on enterprise pilots see Phoenix Global Blockchain Enterprise Pilots First Wave Announced
You can find the current code here.