The Good Tech Companies - Blockchain Trading Platform Morpher Releases Open Source Data Oracle

Episode Date: September 25, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/blockchain-trading-platform-morpher-releases-open-source-data-oracle. Morpher unveils open source data oracle for accurate, multi-source, and real time market data; a first for blockchain. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #blockchain, #morpher, #oracle, #open-source-data, #blockchain-trading-platform, #cryptocurrency, #blockchain-oracles, #good-company, and more. This story was written by: @morpher. Learn more about this writer by checking @morpher's about page, and for more stories, please visit hackernoon.com. Morpher GmbH has released an open source data oracle to improve access to reliable trading data. The data is available in real-time, trustable, and able to be licensed to partners/developers. The Morpher Oracle comes in two flavors: a pull basedon-chain attestation data-service and a novel intent based oracle for EVM based chains.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Blockchain trading platform Morpher releases open-source data oracle by Morpher Labs. Vienna, September 25, 2024 Morpher GmbH, a blockchain trading platform for stocks, cryptos, forex, indices and unique markets such as sneakers and watches, has released an open-source data oracle to improve access to reliable trading data. A blockchain oracle is a way of bringing data into a blockchain from external sources, including other blockchains. The oracles currently available suffer from the following problems. They have limited data availability, are not actually real-time,

and have to battle licensing problems or usability problems, e.g. pull oracle data as visible before it's being used. Oracles represent a single point of failure. If one of the currently available oracles goes down, so do all their feeds. This leaves blockchain applications depending on real-world data at a distinct disadvantage against regular platforms. To combat these shortcomings, Morpher's or Oracle has been built as an open-source protocol with multiple data sources aggregated. This allows for an increase in speed, accuracy, and reliability of data, which is a necessity for every settlement platform to operate. The Morpher Oracle comes in two flavors. A pull-based and chain-at-station data service and a novel intent-based Oracle for EVM-based chains.

Both will include data feeds for US equities, commodities, forex, and crypto from the launch. The data is available in real-time, trustable, and able to be licensed to partners, developers. Morpher's CEO Martin Froehler stated, Existing oracles could not power aerial time trading platform like Morpher. So we developed our own next generation multi-sourced oracle which we are now making available to other projects on radix and evm chains thomas wiesner morpher's cto shares his vision for the oracle as our vision for the morpher oracle is to have the dev community continue to grow its robustness adding more data

streams increasing the number of chains and further expanding the use cases past what we can currently imagine we want to give a new tool to bring even more trust into blockchain greater than we are super excited to see the release of the morpher oracle live on radix greater than and available to use from today onwards morpher stack has already proven greater than to be incredibly flexible and I look forward to what can be built, using their greater than many data feeds, on Radix in the coming months. Greater than greater than greater than Piers Rydjard, CEO of RDXworks available to use today for all developers and see how quickly and accurately the Radix coin price is shown in USD. About Morpher Morpher, headquartered in Vienna, Austria, has been at the cutting edge of

decentralized finance since 2018. The platform empowers users to trade virtual copies of real world financial markets using its proprietary protocol and MPH token. Supported by prominent investors like Tim Draper, Morpher is dedicated to making global financial markets universally accessible. For more information, visit https colon slash slash www.morpher.com slash new. PR contact Nick Stein head of growth nick at morpher.com plus 436603172205 Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.