New-Gen Oracle Sets Security Standard for DeFi and RWA with Multi-Source Insights
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Strong Chainlink alternative: Cyber-Frog QUEX brings the new technology of hardware-based cryptography for blockchain data feeds. QUEX announces the launch of new Intelligent Data Oracle. A breakthrough solution is designed to provide maximum security for DeFi and cross-sourced data for RWA and Prediction markets. Built on the latest advancements in Trusted Execution Environments (TEEs), QUEX Data Oracle enables smart-contracts to access, compute, and validate any Web2 data for on-chain use across any blockchain. This next-gen solution offers security at the level of the underlying Intel TDX chips, eliminating the need to trust Quex as a team, oracle node operators, or any other intermediaries.Cyber-Frog QUEX invites all smart-contract developers, CTOs, and blockchain app owners to take control of their platform’s security and the quality of multi-sources Real-World Data from Web2. Be an early adopter — sign up to our whitelist to integrate QUEX Intelligent Data Oracle. Cross-Sourced Data: The Key to RWA Integrity Reliable data is crucial for effective decision-making and risk management in RWA, but current solutions expose platforms to inaccuracies and manipulation, compromising financial integrity. “Quex’s architecture can retrieve data from any web source, including those protected by credentials, and deliver it to its destination network,” says Dmitry Meshkov, Founder & CEO of QUEX. “Our challenge is to build a next-gen data oracle that offers the ultimate level of security while serving data to the maximum number of clients. QUEX’ team is ready to meet this challenge! We defend smart-contracts from manipulation attacks and offer a high-performance solution for complex computational demands.” Overlooked Oracle Risks Cost Millions: Information security is often prioritized only after a manipulation attack occurs. For the DeFi market, oracle manipulation has been the leading cause of loss and operational disruption. These attacks make up the huge share of blockchain hacks, targeting vulnerabilities in existing oracle…
Filed under: News - @ October 15, 2024 7:20 am