Coinranking joins Gravity network project as an oracle for price feeds

We are pleased to announce that Coinranking, one of the first node operators with an exemplary reputation among the Waves community and the entire crypto community in general, has joined our interchain DeFi movement.

Recently, Waves announced a path to open collaboration with various blockchain ecosystems through a project called Gravity, a blockchain agnostic solution for data and interchain oracles.

An important factor determining the trust in such a network of oracles and providing guarantees for the stability of the service for developers of decentralized applications is the security and trustworthiness of the data providers and sources.

Even though the Gravity network is open for new nodes to join, being managed through the flexible reputation system, trust in individual organizations that operate the Gravity network nodes is quite important.

In this respect, the partnership with Coinranking is vital. Today, Coinranking is one of the most convenient, fast, and complete crypto trackers in terms of the number of sources, exchanges, and assets.

The range of data indexed by Coinranking, which will become available through Gravity, includes collectibles, such as non-fungible tokens (NFTs), a crucial feature for developers of decentralized games in need of a data oracle. Stable quality of provided data and its relevance can be trusted by both traders and application developers.

As a result of this collaboration, developers of DeFi applications on Waves, Ethereum, Tron, and other blockchains will have a unique opportunity to use data both from Coinranking and other sources via a Gravity node managed by the talented team of Coinranking engineers.

For more information, you can read the Gravity Whitepaper, visit the Gravity website, join the community on Twitter or Telegram or contact press@gravity.tech