• April 23, 2024

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Binance Rolls Out a Blockchain Oracle Service for its Native Blockchain BNB Chain

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Binance has launched the Binance Oracle service, which will connect dApps on BNB Chain with real-world data.

The developers of the project plan to integrate blockchain oracles with other networks.

To date, ten dApps on BNB Chain are already using the service.

Gwendolyn Regina, Chief Investment Officer of BNB Chain, has said on the launch:

“Binance Oracle will become an important component in Web3, offering a stable, reliable and efficient oracle network with comprehensive accuracy and availability features.”

Threshold signatures are used to securely transfer data streams to Binance Oracle.