Plutos Network, a cross-chain synthetics issuance and derivatives trading platform has entered into insurmountable partnership with Razor Oracle Network, an utterly decentralized Oracle network, which provides secure and reliable real-world data feeds for various blockchain-based applications and services.
MORE ABOUT RAZOR ORACLE NETWORK
Razor Network is a decentralized Oracle network, which provides secure and reliable real-world data feeds for various blockchain-based applications and services, such as Decentralized Finance, Identity, Insurance, Prediction Markets, and so on. Razor’s performance is superior and more secure than traditional centralized oracle services, as Razor relies on a network of Validators for verifying data authenticity and ensures maximum game-theoretical security. Moreover, Razor is blockchain agnostic and can be easily integrated by developers working on a range of blockchain networks.
HOW IS THIS PARTNERSHIP ESSENTIAL??
1. The Razor Oracle Network is a truly decentralized and highly secure data source that will offer resistance to data hacks, server downtime, single points of failure and other security risks.
2. The use of proof-of-stake consensus algorithms with pseudorandom validators and maximum game-theoretical security protects data derived from multiple reliable sources from manipulation of any sort to ensure trustworthy feed to both Razor and Plutos clients alike.
3. Razor Network’s blockchain-agnostic nature imparts flexibility, making it capable of working with smart contracts on multiple blockchain protocols.
4. By integrating with Plutos Network, Razor will provide price deeds for the Plutos’ marketplace where users issue and trade synthetics, including swaps, options, contracts, commodities and more.
5. By integrating with Plutos Network, Razor will provide price deeds for the Plutos’ marketplace where users issue and trade synthetics, including swaps, options, contracts, commodities and more.
6. The blockchain agnostic real-time data feeds from the oracle will also enable smooth communication of data between the supported Polkadot sub-parachain, BSC.
Now Plutos Network can have non-stop data feed among other benefits for real time synthetic issuance and trading services for a wide range of synthetic products.
ABOUT PLUTOS NETWORK
Plutos Network is a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and Staking rewards to users. By integrating Blockchains such as Polkadot, BSC and Solana, enabling on-chain and cross-chain liquidity and trading, Plutos Network offers users synthetic issuance and trading services for a wide range of synthetic products, which are sustainable, profitable, and disruptive to the traditional derivative market.
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