On September 16, Sonic Labs’ CTO Andre Cronje announced on X that Oracle v4 has been submitted for auditing. This latest iteration facilitates the authentication of off-chain data. Practical applications span from oracle-based solutions (price feeds, treasury management, proof of existence) to tokenization mechanisms (equity tokens, stablecoins, real-world assets). Moreover, Oracle v4 can be integrated into bridge technologies. Notably, while these implementations are zero cost for DApps, they incur only minimal additional gas fees for users.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024