February 11, 2021
SKALE + Razor
With 2021 shaping up to be the year of the Smart Contract and Defi raging, it’s no wonder that Oracles are becoming such a critical part of the Web3 ecosystem. Our next partner, fresh off the heels of its first public token sale, is Razor Network ( $RAZOR ), a blockchain agnostic decentralized oracle network with a focus on maximum game-theoretical security, complete decentralization, and being fully permissionless. This is achieved while still being fast and practical for Decentralized Finance. Razor network uses an iterative dispute mechanism to provide maximum game-theoretical security that can thwart any attack that can happen on the oracle.
DeFi is an extremely promising space but it is limited due to the centralized nature of the oracles used. This will always be a limiting factor of DeFi unless the oracle problem is solved. Razor Network was researched and developed over the last two years, to make it the most robust, secure, and fast oracle network possible. Their partnerships include: Matic, Moonbeam, Algorand, MantraDAO, Meter.io, Persistence, XDC network, OpenDeFi, Conflux network, Sentinel and Dafi, and they are backed by NGC ventures, Spark Digital Capital, IOSG, Alameda research, and others. Just last week they successfully finished their first public token sale using Balancer Labs.
SKALE uses state of the art blockchain technologies and approaches like BLS rollups, randomness rotation and incentives, and SGX to allow near-instant and low-cost transactions on Ethereum. What’s even better is that DApp developers can use their existing tools and migrate to SKALE quickly, with nothing new to learn.
Dapp category? Oracle
What SKALE features are Razor utilizing?
Razor is utilizing SKALE’s instant and low-cost transactions, high transaction throughput, and scalability, all while utilizing standard Ethereum development tools since they are compatible.
What Razor is saying about SKALE
“SKALE offers Dapps huge cost savings on gas, one of today’s hot button issues and key to opening up mass adoption. Additionally, connecting a Dapp is all done with tools that developers already know, so it happens lightning fast. We deployed our application in no time and are proud to provide our decentralized oracle services to the Dapp developers using SKALE’s platform.” Hrishikesh Huilgolkar, CEO of Razor Network @hrishikeshio
Learn more about the project