Phoenix Oracle (Beta) on BSC

Phoenix Oracle (BETA) — Binance Smart Chain Launch

Dear Phoenix Community,

It’s our pleasure to announce that Phoenix Oracle (Beta) is now operable with Binance Smart Chain. Feel free to check out the new sample data feeds that are integrated with BSC at https://oracle.phoenix.global . As a chain-agnostic oracle platform, Phoenix Oracle will continue strategically integrating with other Layer 1 blockchains as well as upgrading the core technology. Phoenix Oracle will aim to serve as a catalyst to accelerated decentralized AI across various Layer 1 ecosystems.

Randomized Node Selection

With this tech update we would like to introduce a new node selection mechanism that we have already implemented called randomized node selection, which increases the level of decentralization, and is differentiated from existing mainstream oracle technologies.

Randomized Node Selection

Instead of preselected, deterministic logic or price-bidding approach for node selection (as with current mainstream oracles), we utilize a random process that optimizes data integrity and decentralization in the oracle node network context. Combined with an off-chain data aggregation mechanism, this serves as an efficient verification system that will be suitable for data-sensitive use cases such as federated learning and MPC (multi-party computation).

Development Q & A — Submit your questions now!

Given our recent Beta launch of Phoenix Oracle, and to kick-off the new year, we are putting a call out for any questions you have on our Oracle. Use this Google form to submit your questions to the team!

https://forms.gle/HPGat6AZ7XCvg6G67

Answers will be published by the team in a medium article early January. Questions will be accepted until 5PM UTC Tuesday, Jan 4th, 2022.

--

--

--

Blockchain Enablement of the Real Economy. https://phoenix.global/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why Shared Services “Teams” Don’t Work with Agility — Johanna Rothman, Management Consultant

How to create a custom reusable UIView by xib

Bigger .dockerignore, Smaller Docker Images

RISE Core 1.0.0 Meets Mainnet

Encrypted search using fully homomorphic encryption

Flutter Rendering: Under the Hood

My first step into the container world in 2021.

Coding A Discord Bot Using Elixir And Alchemy

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Phoenix Global

Phoenix Global

Blockchain Enablement of the Real Economy. https://phoenix.global/

More from Medium

DeFi Yield Farming Management. — CoinRadr

Trusted Node partners with MANTRA DAO enabling $DOT and $LUNA holders to stake their tokens through…

HARDcoin IEO On Azbit: $150K Token Sale

Fortis Family News Vol. 3 — ICO Round One a Success!