yyy
yyy|Apr 02, 2025 05:36
Why do I think @ switchboardxyz can unlock the final form of the oracle? As the cornerstone of crypto Infra, oracles are not scarce, but decentralized permissionless oracles are rare. Is the "decentralized permissionless+TEE privacy protection+Restaking empowerment" oracle the sewing monster of the oracle race or the ultimate form of the oracle? Let's talk about this multi buff overlay oracle - @ switchboardxyz First, summarize in plain language the advantages of @ switchboardxyz over other mainstream oracle machines: TLDR: No license required, faster transmission speed, stronger flexibility, higher accuracy, and security @Limitations of PythNetwork: The data pricing supported by Pyth requires permission, and new data sources need to obtain DAO approval or establish partnerships with data providers recognized by Pyth in order to receive Pyth's pricing services; Relying on 19 guardian nodes of wormholes to achieve cross chain relay pricing, with an average delay of 1.2-1.4 seconds; @Both Redstone_defi and @ Chainlink require permission for data pricing, with only @ switchboardxyz supporting permissionless data pricing. Anyone can integrate data sources into @ switchboardxyz's pricing service at a low cost and quickly. So, then@ How can switchboardxyz unlock the final form of the oracle race track? I think its core competitiveness lies in three aspects: One: unlicensed data pricing, the transition from "special services" to "universal tools"; The fully Permissionless attribute means that anyone can integrate the created data source with @ switchboardxyz on a pay per use basis The freedom of developers has greatly increased, as they can equally access some obscure data sources@ Switchboardxyz has transformed the oracle from a "special service" to a "universal tool"; Secondly, millisecond level latency and TEE privacy protection provide higher performance and greater security; Unlike other mainstream oracle machines with second level latency@ Switchboardxyz reduces latency to the millisecond level (400ms); Based on TEE trusted execution environment to protect data privacy and prevent data tampering, further improving security; Thirdly, integrating Jito Restaking is the first Restaking network in the oracle race; @Switchboardxyz ensures the accuracy of oracle feeding services in a decentralized and economically driven manner by integrating Jito Restaking@ Switchboardxyz allows holders of LSTs asset JitoSOL to re pledge and provide AVS services to enhance security, while also releasing the liquidity of the pledged asset SOL to a certain extent. Answer the opening question in one sentence: Because @ switchboardxyz transformed the oracle from a "special service" to a "universal tool", and upgraded the "universal tool" to a "core Infra" based on Restaking's logic above.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads