Flare Co-Founder: Decentralized Data Will Power ‘Future Value’ of Crypto Industry

Quick Summary:

The "blockchain for data” uses enshrined oracles to provide fast, reliable, fully decentralized data feeds, explained Hugo Philion.

As well as working out how to integrate external data services, blockchain developers have to figure out if they firstly have the data I need, and secondly, whether the data I need has enough people serving it for me to feel “at least moderately comfortable with the risk.

The Flare Data Connector, meanwhile, enables applications built on Flare to use data from external blockchains and the internet securely and trustlessly.

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Article Details

Category: Crypto

Markets: Estonia

Topics: Hugo Philion Data Data oracles Decentralized data Flare Blockchain oracles Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 17:01:02 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 709 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23741449

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

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Publisher ID: #63

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