Jun 8, 2022
Razor Network Onboards 01node to Expand its Validator Network
Onboarding a reputed institutional validator assuring enhanced uptime further strengthens Razor’s decentralized oracle network.
We are delighted to announce significant progress made to strengthen the Razor Network ecosystem. With the latest partnership with 01node, Razor Network is adding another institutional validator to its fold, effectively enhancing the quality and quantity of data from diverse sources to the oracle network.
The inclusion of 01node as one of the validators will further enhance the utility of Razor Network’s $RAZOR utility token by opening another avenue for staking. Additionally, the commitment of 01node to provide virtually uninterrupted network validation service across multiple PoS protocols will allow Razor Network to ensure the consistency of high-quality, censorship-resistant data streams for consumption by the network users.
Apart from enhancing the level of decentralization of Razor Network, 01node will also enable Razor Network to provide the decentralized oracle solution on multiple blockchain protocols supported by the institutional validator. As a validator, 01node will be responsible for committing data from various sources to the oracle network while getting pseudo-random assignments to fetch the committed data to DeFi projects and other network users querying for certain information. The list of chains supported by 01node includes Nomic, Juno, Agoric, Osmosis, Solana, Near Protocol, Cosmos, Secret Network, Oasis, Regen Network, E-money, Skale, The Graph, Gnosis Chain, Sentinel, Persistence, Crescent, Evmos, Velas, Celer, Solana, Starname, Iris, and Terra.
About 01node
01node is a high-quality institutional staking and validation service operated by highly skilled and dedicated professionals. The team with decades of experience in software development, IT infrastructure, cryptography, and financial services provides highly secure validation service on some of the leading PoS networks with assured enhanced uptime. 01node operates best-in-class equipment with built-in redundancy as part of their physical infrastructure collocated in tier-3 datacentres, securing over $540 million in user-staked assets, and growing.
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About Razor Network
Razor Network is a blockchain agnostic, truly decentralized oracle platform designed to meet the diverse requirements of Decentralized Finance. At Razor Network, we are working on creating the next-generation oracle system focusing on maximum game-theoretical security and fully permissionless complete decentralization.
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