Razor Network Integrates Its Decentralized Oracle Systems on Moonbeam Network
Razor Network is delighted to announce our integration with Moonbeam, one of the most enterprising parachains on Polkadot. Moonbeam helps projects expand their reach to new users and markets, with an interoperable multi-chain approach. The network supports Ethereum-like accounts in a Polkadot-based environment, effectively extending the base Ethereum feature set with features such as on-chain governance, staking, and cross-chain integrations.
Razor Network connects smart contracts with data in a fast and secure way. Razor’s Oracle network will be used by developers on Moonbeam to fetch real-time price feeds on-chain.
Through this integration, Razor Network will provide smart contracts on Moonbeam with a trusted and uninterrupted feed from the Ethereum Mainnet. This means that the DApps on Moonbeam can use the Integrated Razor oracle as well.
The hardworking dev team have also built an integrated dashboard in the Moonbeam platform, to help visualize the data feeds and their last reported values.
Razor’s CEO Hrishikesh Huilgolkar said about the integration, “Moonbeam is one of the most exciting projects being developed on Polkadot, with a host of features such as on-chain governance, cross-chain integrations and interoperability. The compatibility of Moonbeam’s smart contracts with Ethereum enhances the value of the platform. With the Polkadot ecosystem growing in stature and utility, we will see a host of developers build applications on Moonbeam in the near future. As always, Razor will provide them with secure and trusted real world price feeds, assuring them that Moonbeam always remains a reliable choice for developing state-of-the-art applications”.
About Moonbeam
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by mid-2021. Learn more: https://moonbeam.network/.
About Razor Network
Razor Network is a decentralized oracle providing data to the smart contracts using a network of stakers. Razor network is fast, robust and offers a high degree of economic security due to its full scale decentralization. The continually evolving platform is fully prepared to swiftly and smartly handle any unforeseen incidents.
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