Supra proudly introduces decentralized Oracle pricing feeds via their DORA protocol, which is implemented on Hedera. This will enable decentralized applications (dApps) to utilize real-world data, empowering users to make informed decisions. Additionally, it will increase the dependability of applications and unlock additional features on the Hedera network.
Oracles facilitate cross-chain interoperability and enhance the performance of Web3 applications. This is because smart contracts lack conventional backing for their functions. They do not share their safety guarantees with other chains. Supra Oracles serve the purpose of efficiently authenticating and transferring data, thereby augmenting the capabilities of smart contracts.
DORA from Supra specializes in delivering and validating real-world price feeds from reputable sources, with protection against concealed or obscure characteristics that affect the competition in mind. DORA is a low-latency, allocated Oracle solution that allows developers to withdraw and push subscription modules tailored to their requirements.
In addition, DORA is integrated into Supra’s innovative Moonshot consensus system and assigned VRF, which provides robust capabilities in terms of network dependability, backup system during unstable conditions, and latency reduction. Furthermore, HyperNova, an imminent bridgeless cross-chain consensus system, is being developed by Supra.
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Hedera is a proof-of-stake public ledger that operates on an open-source platform. It employs the leaderless asynchronous Byzantine Fault Tolerance (aBFT) hash graph consensus algorithm. Anti-intrigue measures and a decentralized body comprised of leading corporations, universities, and Web3 initiatives from around the world oversee this.
The acceleration and upgradability of the EVM hosted on Hedera are optimized, enabling the positioning of smart contracts through the use of well-known Web3 spaces, libraries, and tools. Builders utilizing Hedera are granted access to APIs, EVM equivalents, and the entire toolkit.
Hedera transactions are conducted at a nominal cost of $0.001, with the ultimate settlement occurring within a period of 3-5 seconds. Hedera supports robust Web3 protocols and applications, in contrast to conventional solutions, which invariably increase to over 10,000 transactions per second.
Furthermore, Oracle price feeds are supported by Hedera for smart contracts, which ensures enhanced security factors through Supra’s DORA. When necessary, the price feeds may be redeemed. The Pull model of Supra is available for use on both Hedera and the Mainnet. The Push module is presently available on Testnet; Mainnet will shortly become operational.
Supra is distinguished by its Oracle solutions, which enhance the security and functionality of blockchain applications. Supra’s builder package enhances both balance and capabilities and is accompanied by comprehensive instructional manuals and white papers to facilitate integration.
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At this time, Supra is actively involved in expanding its presence across various blockchain ecosystems.
