Bridge Oracle BRG
$0.00108 22.52%
Latest Updates
Updated at 02:36$8,629,098.83
#1128
$560,962.79 20.11%
-$0.00024 22.52%
-$0.00037 33.88%
What about Bridge Oracle?
Bridge Oracle (BRG) is a decentralized oracle network that connects smart contracts to off-chain data sources. It allows smart contracts to access real-world data in a secure and reliable manner. BRG uses a unique consensus mechanism called the Proof of Authority (PoA) algorithm, which ensures that data providers are trustworthy and can be relied upon to deliver accurate data.
The BRG network consists of three main components:
Oracle Nodes. These are nodes that connect to external data sources and provide data to smart contracts on the blockchain. They are responsible for verifying and validating the data before transmitting it to the blockchain.
Data Providers. These are entities that provide data to the oracle nodes. They can be individuals, companies, or other organizations that have access to the required data.
BRG Token. This is the native cryptocurrency of the BRG network. It is used as a means of exchange between data providers and oracle nodes.
BRG is dedicated to solving the problem of trust that plagues the modern oracle industry by creating a decentralized network that is transparent, secure, and reliable. It provides a cost-effective solution for accessing off-chain data that can be used in a wide range of applications, including DeFi, supply chain management, and gaming.
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