Razor has joined hands with Conflux to bring its decentralized oracle service to a new world of DeFi and Web3.0 DApps

Conflux Network is an open decentralized network built to drive the next generation of global commerce by unlocking the DApps of the future. Conflux enables the secure and interoperable flow of assets and information across protocols & applications, which forms the basis on which Web3.0 will be built.

Conflux integrates Proof of Work consensus into a novel Tree-Graph consensus mechanism that optimizes security, scalability and decentralization, without compromising on any of the parameters. Today, Conflux is the only state endorsed public, permissionless blockchain in China. Future-ready DApps built on Conflux’s platform would be able to leverage a high throughput of 3000–6000 TPS and low transaction fees.

The Web3.0 ready DApps developed on Conflux’s platform would require access to reliable and secure data feeds from the external world, as their execution would be triggered by real world events in most cases. Razor’s decentralized oracle network offers maximum game-theoretical security without compromising on speed. Strict slashing penalties are imposed on bad actors, and honest nodes are incentivized through financial rewards.

The partnership between Razor and Conflux would guarantee that not only Conflux’s blockchain platform but also the external data that is available to the smart contracts remains 100% secure. This will empower DApp developers to create a range of sophisticated smart contracts, which would drive the decentralized applications in tune with the requirements of the next generation of financial applications, digital assets, business applications, and data economies.

Hrishikesh Huilgolkar, CEO of Razor Oracle Network, said.

“Conflux Network’s unique Tree Graph based technology ensures that the blockchain trilemma is solved, by simultaneously providing security, scalability and decentralization. Such a high performance blockchain platform would definitely need to integrate with an equally decentralized and secure oracle network. Razor’s end-to-end decentralized network is the perfect fit for Conflux. This partnership would guarantee that all aspects of security on Conflux’s network are covered properly.”

Razor Network at a Glance

Razor Network is a decentralized oracle providing data to the smart contracts using a network of stakers. Razor is not only fast but also extraordinarily robust and economically secure. It offers a high degree of decentralization, thus reducing the risk of any fraud.

Due to its high economic security and a high degree of decentralization, Razor Network is exceptionally resilient to bribing attacks. Our platform continually evolves with the changing landscape and is always fully prepared to swiftly and smartly handle any adverse circumstances.

We are working on a next-gen oracle network. Please follow us on Github and Telegram for updates.

· Follow us on Medium

· Join our Telegram

· Follow us on Twitter

· Read our Explainer and Whitepaper

· Explore the Network

· Visit our Website­

· Try DeltaOne, Our synthetic assets platform

· Reach out — hello@razor.network