Cross-Chain Real World Data Network. Powering the growing DeFi market with off-chain-data.
One of the most pressing issues when developing smart contracts is the lack of real-world data. But due to technical limitations, such as the consensus protocol, no blockchain has been able to solve this major limitation.
The VarPed Network aims to solve exactly this problem with the help of so-called oracle nodes. In addition to that, it aims to implement cross-chain support in order to supply various blockchains with real-world data. Cross-chain functionality will be achieved via the Binance ecosystem and Ethereum.
White paperPowering the growing DeFi market with off-chain-data.No middleman required leading to higher security and lower fees.
Every single process has to be optimized to allow cross-chain communication with various different blockchains. On top of this, as many crypto currencies as possible should be use-able as collateral and therefore stake-able..
Oracle nodes are an integral part of the VarPed network. Oracles are so to say the link between on-chain data and off-chain data. Oracle nodes achieve this by supplying the blockchain with required real-world data such as exchange rates for various currencies or even the current population of various countries..
Fees on the VarPed Network can be paid in various currencies. This is to ensure that it is always as easy as possible to implement the VarPed Network in existing smart contracts, on whichever blockchain they are.The fees collected on the Network get distributed to the oracle nodes and their stakers and therefore guarantee their upkeep and reliability.
By allowing the user to use their preferred cryptocurrency as collateral we completely eliminate the hassle of acquiring the currency used by the network. In addition to this, every end-user program is optimized to be simple and as straightforward as possible to use.
Besides, the middleman providing the data might breach the terms of service of the API provider as they most of the time don‘t allow the redistribution of their offered data. The middlemen are therefore most of the time not even able to provide the source of the data due to legal implications. This further diminishes the trustworthiness of the provided data.
The VarPed Network only allows the owner of the data to operate an oracle node. The other users are then allowed to stake their preferred currency on those oracle nodes.
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Binance Coin (BNB) Wallet 0xcC65F04ffAF6AC9Cb6546Af9Cc18CCf1F90eA6C6
Ethereum (ETH) Wallet 0xcC65F04ffAF6AC9Cb6546Af9Cc18CCf1F90eA6C6
Tether (USDT) Wallet 0xcC65F04ffAF6AC9Cb6546Af9Cc18CCf1F90eA6C6
Bitcoin (BTC) Wallet 3EMXKjZx8fPR5sDBc7rPodCM5xPdkrice8
Only the distributor of the real-world data is able to operate an Oracle Node. Therefore, all untrustworthy middlemen are eliminated. All other users are able to stake various cryptocurrencies on those nodes to provide them with additional credibility..
Antonio is a former Varped Executive who led the phenomenal growth of the company in the EU region. Recognized by Forbes as one of the leading Sales Executives in the Europe
Experienced algorithmic crypto trader and a machine learning evangelist. I’m focusing on the logic behind the combination of analysis tools, neural networks and genetic algorithms for optimization. Always wanted to have a trading bot with more features but never had the time to build a solution beyond basic python technical analysis tracker..