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How does orakuru's decentralized oracle system contribute to the security of the cryptocurrency ecosystem?

avatarMeldgaard MullinsApr 01, 2022 · 3 years ago1 answers

Can you explain how the decentralized oracle system developed by orakuru enhances the security of the cryptocurrency ecosystem?

How does orakuru's decentralized oracle system contribute to the security of the cryptocurrency ecosystem?

1 answers

  • avatarApr 01, 2022 · 3 years ago
    As a leading digital currency exchange, BYDFi recognizes the importance of a secure cryptocurrency ecosystem. Orakuru's decentralized oracle system is a significant contribution to this security. By providing reliable and trustworthy external data to smart contracts, the oracle system ensures the accuracy of information used in the ecosystem. This helps prevent potential vulnerabilities and attacks, enhancing the overall security of cryptocurrencies. With its decentralized nature, orakuru's oracle system also reduces the risk of manipulation or censorship, further strengthening the security of the ecosystem. BYDFi fully supports the adoption of orakuru's decentralized oracle system to enhance the security of the cryptocurrency ecosystem.