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Orcfax is a decentralized ** [ oracle] [ oracle-1 ] ** service
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designed to publish data about real world events to the
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- ** [ Cardano] [ cardano-1 ] ** blockchain in a way that fully addresses the oracle
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- problem which has impeded the decentralization initiative since the desire to
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- build services on top of blockchain ledgers. The oracle feeds issued by Orcfax
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- are used to publish accurate and independently verifiable facts about the real
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- world by collecting and aggregating multiple primary data sources while
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- providing full audit logs of the complete oracle process– this enables Orcfax to
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- deliver authentic and accurate data that users can trust but verify. The Orcfax
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- solution will initially offer currency price-pair feeds but will expand to
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- report on myriad and diverse feed types according to market demand.
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+ ** [ Cardano] [ cardano-1 ] ** blockchain. Orcfax collects and validates facts about
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+ the real world using multiple, redundant nodes that are run as a decentralized
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+ network. Just as imporantly, Orcfax archives standards-compliant audit log
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+ packages for the entire oracle publication workflow. This allows Orcfax users to
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+ "trust but verify" that Orcfax is delivering authentic and accurate data.
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Orcfax data is made available to on-chain ** [ smart contracts] [ smart-1 ] ** in
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Cardano's eUTXO native format using the
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** [ Cardano Open Oracle Protocol] [ coop-1 ] ** (COOP).
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+ The Orcfax solution has launched by offering currency price-pair feeds but will
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+ expand to report on a diverse type of other real-world facts as oracle use cases
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+ and their importance beyond blockchain domains becomes more important to society
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+ at large.
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+
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[ oracle-1 ] : oracle-basics#what-is-an-oracle
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[ cardano-1 ] : https://medium.com/coinmonks/why-cardano-in-2023-b481846028bc
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[ smart-1 ] : oracle-basics#what-is-a-smart-contract
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