What is eOracle?
Last updated
Last updated
While smart contracts are excellent at enabling on-chain programmability, they have inherent limitations due to their inability to access real-world data. Oracles bridge the gap between the on-chain and off-chain worlds, enabling the integration of off-chain data into smart contract applications.
Traditional oracles are often built as an add-on tool to blockchains, with additional trust assumptions. eOracle changes that by extending Ethereum's proof of stake to the oracle space, leveraging the established trust network of Ethereum validators and staked ETH.
While the current oracle market is dominated by a monopoly, Realizing the full potential of Web3 requires a competitive marketplace to enable permissionless innovation and constant stream of new use cases powered by new data and computation.
eOracle's mission is to create a competitive marketplace where anyone can independently provide or consume data directly. Like the innovations and value enabled by permissionless AMMs, the eOracle marketplace introduces new opportunities to the ecosystem around data.
The eOracle stack reduces the barriers to building oracles by enabling programmable oracle validation to deliver off-chain data and compute, unlocking the next wave of permissionless innovation.
Build, provide, and use data permissionlessly with the security and benefits of Ethereum.