Razor Oracle Network to integrate XinFin’s XDC blockchain network to enable DeFi use case
Razor Network is delighted to announce the integration with XinFin’ XDC Blockchain Network. This integration will add usability to the XDC blockchain, particularly in the burgeoning DeFi space.
Razor employs the PoS consensus algorithm and guarantees that nodes behave reliably by enforcing strict penalties in case of fraudulent or prohibited behavior. Razor Network has no single point of failure, which minimizes the risk exposure of users.
The oracle is the most critical piece of infrastructure for any decentralized finance project. With this integration, developers on the XinFin XDC Hybrid blockchain will always be assured that they can access external data with the highest security and speed.
XinFin is a network of networks that connects various distributed ledger technology (DLT) and traditional backend systems together to facilitate a more seamless and cost-effective global trade finance experience for all parties. The technology is cross-chain compatible and scalable. For example, XinFin [XDC] Network is highly compatible with other blockchain networks like the Ethereum network, lowering the gas fees to nearly 1/1000th and enabling two-second transaction finality.
In this event, Razor Network co-founder Hrishikesh Huilgolkar says,
“Razor is proud to welcome XinFin as one of its partners. XinFin is working to revolutionize the performance of existing public blockchains that suffer from scalability issues through its cross-chain solutions. We are sure that XinFin’s platform will attract a large number of DApp developers in the near future, and Razor’s decentralized Oracle network will provide the best in class oracle service to them, in terms of security, reliability, and speed.”
Oracles are essential for DeFi growth. Such integration will allow it to expand the usability of its smart contract enabled blockchain. Further integration between the two projects will add up on several levels.
About XinFin[XDC] Network
XinFin is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. The XinFin network is powered by the native coin XDC and uses XinFin Delegated Proof of Stake (XDPoS) consensus architecture to support smart contracts, 2000TPS, 2-second transaction time, near-zero GAS fees, and KYC to Masternodes (Validator Nodes). XDC also creates an opportunity to useXinFin’s real-world use-cases such as TradeFinex.org, which helps small and medium businesses or institutions originate their own financial requirements in a digital, fully structured manner so that they can distribute it to the bank or non-bank funders themselves using a common distribution standard. It also allows access to Mycontract.co, a middleware that connects any two centralized systems using decentralized APIs running on XDC blockchain Network. Learn more about XinFin at https://xinfin.org/ check Live and Stable Blockchain Network Details at https://xdc.network/
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.
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