The post Supra Expands Oracle Price Feeds to Real World Assets, Bringing FX and TradFi Data to The Blockchain Industry appeared on BitcoinEthereumNews.com.

[PRESS RELEASE – ZUG, Switzerland, June 20th, 2024] Supra, a fully vertically integrated Layer-1 blockchain equipped with Multi-VM support, in-protocol oracles, onchain randomness, bridges, and automation, is expanding their oracle protocol’s price feeds catalog to cover real world assets (RWAs) including FX currencies, equities, commodities and more. With the launch of RWA price feeds, Supra continues to play an instrumental role in blockchain’s transformation of financial markets. RWA Integration with DORA RWA asset support is being introduced via the highly anticipated Distributed Oracle Agreement (DORA) version 2.0 release, bringing accurate and reliable real-time price data of numerous traditional assets to more than 80 blockchain networks with 600-900ms measured full finality for the first time. In doing so, Supra is paving the way for a new generation of diverse decentralized applications that will enhance ownership, boost liquidity and increase access to traditional assets. DORA 2.0 is the latest version of Supra’s industry-leading oracle, and the introduction of RWA price feeds paves the way for new use cases enabled by FX, commodity, and equities data across new and old blockchains, while addressing challenges around Byzantine faults and data integrity for smart contracts in Web3 environments. DORA Capabilities Optimized for onchain and off-chain use-cases such as spot and perpetual DEXes, lending protocols, and payments protocols, DORA plays a key role in bringing deterministic real world data to Layer 1 and Layer 2 blockchains. Supra is powered by their innovative Moonshot consensus mechanism, which brings blazing-fast performance and robust security guarantees to its data feeds. In its advanced global testing phase, Supra demonstrated Moonshot’s ability to process 530k transactions per second in throughput, with 500 milliseconds optimistic finality and ~1.5–2 seconds full block finality, placing it head and shoulders above most other consensus mechanisms. Real World Assets (RWAs) on Blockchain RWAs have long been…

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Filed under: News - @ June 20, 2024 8:14 pm