SupraOracles: The Nexus of DeFi and Enterprise
We are in the age of data-driven economies. A bridge between the decentralized finance sector and the real-world could change the global economy in unimagined ways. Without diving too much into the centralized sector, blockchain alone offers new solutions for existing applications in both supply chain and financial fields.
The upward trajectory experienced in cryptocurrency is bound to turn blockchain into the gold standard for the supply chains, which in turn may revolutionize existing financial systems.
The Importance of Bridging the Decentralized Finance Sphere with Real-World Data
We are revamping blockchain by supercharging oracles for a better, decentralized future. Our aim is to build the highest-performing blockchain infrastructure to power the world’s value exchange.
In its own right, the centralized sphere laid the ground work of the economy, attaining unmatched goals. Now, imagine combining this with Decentralized Finance (DeFi), a model that is providing novel solutions to dozens of economic dimensions.
Having an oracle system that merges these two spaces ensures DeFi can address the many flaws apparent in existing financial systems, such as giving the unbanked access to a unique financial system. With Supra, a link between two divergent systems is possible, one which offers improved transparency and robust security while replacing many of the outdated processes.
We believe that blockchains need better, faster, more accurate, and more secure off-chain data. That is why we are providing a next-generation, cross-chain oracle solution — so your smart contracts and blockchain apps work better.
We offer our users a system of financial rails in parallel to – and connected with – traditional financial infrastructure. This bridge is important, because DeFi platforms will come not as a simple plug-in to existing financial systems, but as an alternative system that has been tested by the crypto arena. The decentralized nature of DeFi means transaction onboarding and market-based risk assessments are much easier to scale across a wider business system. This is because access to relevant information is not dependent on centralized processing or a prior relationship.
Our Roles in Both Ecosystems
Our main goal is to aid the creation of the world’s best performing blockchain infrastructure. We are spearheaded by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
The crypto arena refers to us as the nexus of DeFi and Enterprise because our game-changing innovation radically improves oracles, and thereby smart contracts.
Every digital project needs to get connected to other data sources, which means that we will not stop at DeFi and our systems will not leave the metaverse behind. To achieve this interconnection, our solution comes in the form of cross-chain interoperability, 3-5 second finality, and cutting-edge cryptography—all backed by thousands of hours of R&D and simulations.
Our roles broken down are as follows:
Better Decentralization – We are ridding our systems of single-source APIs to avoid any form of infiltration or manipulation. This is made possible by reaching consensus with multiple, decentralized sources.
Better Scalability – Our fees are practically non-existent, in addition to high throughput and the ability to process hundreds of thousands of transactions per second.
Better Speed – We have almost rid our system of latency and data delays for you as a Supra client to enjoy faster and better data. With this, you can forget about issues like slippage and price deviations.
Better Finality – Supra can provide 3-5 second on-chain refresh rates with full finality. We believe measuring finality in minutes should be a thing of the past.
Better Interoperability – With Supra, you can rest assured that near-zero slippage cross-chain swaps are enabled by an algorithmic multi-currency treasury.
By leveraging the services of our platform, you will enjoy parallel processing, all made possible by our powerful cryptographic primitives which include threshold cryptography, next-gen distributed key generation, and random sampling. Our groundbreaking Tribes and Clans model ensures randomness, and, through this, true decentralization to a degree that does not yet exist anywhere else in the cryptoverse.
Securing the Future of Financial Markets
It’s up to us as Supra to provide a reliable cross-chain oracle solution that ensures the world’s use of data becomes increasingly intersectional. This means that no barriers will restrict the global economy from maintaining an upward trajectory, be it data from forex, ESGT, the Metaverse, or even credit scores.
For us to secure the future or financial markets, we ensure that any cross-chain data reaching us is safe and depends on a decentralized, scalable, and secure interoperable transaction layer.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Did you like the news you just read? Please leave a feedback to help us serve you better