We’re pleased to announce a partnership with Razor Network, a decentralized oracle network for DeFi and other dApps and services.
Oracles enable blockchains and smart contracts to access and interact with external data. Conventionally, centralized oracles are mostly used due to the lack of reliable decentralized alternatives. This has given rise to a new dilemma brought about by the maturation and popularization of Decentralized Finance: centralized oracle usage clashes with the core ethos of DeFi.
This is where Razor Network steps in. Their mission is to provide decentralized and secure oracle services to blockchain applications. Razor Network realizes this through its completely decentralized infrastructure secured by a Proof of Stake consensus algorithm based on highly efficient game theory.
As our Cellframe service-oriented ecosystem grows and matures, reliable data provision becomes of utmost importance — which we strive to achieve through the integration of Razor Network’s decentralized oracle solution. Via a decentralized bridge using cross-validating bridge nodes, Razor’s oracle solution will be wrapped as a Cellframe service to be utilized by our ecosystem. In addition, atomic swaps done by the decentralized bridge also allow for job management services by Cellframe masternodes.
Integrating with Cellframe will enhance the Razor Oracle use cases adding scalability to our solutions. This also means we are one step closer to being a universal/interoperable blockchain solution. Cellframe protocol provides high scalability by implementing original 2-level sharding. The platform is also quantum-resistant and allows for multiple key and signing algorithms, providing developers with flexibility and a new level of security, adding another layer of trust with the Razor community and developers.
- Hrishikesh Huilgolkar, CEO of Razor Oracle Network,
Razor Network’s Oracle solution is a truly decentralized and dedicated service, which aligns perfectly with our Cellframe ecosystem. Through our partnership, more use cases for our CELL token will be added and the userbase of the Razor oracle will be broadened. I believe it will be a great success and set an example of how truly dedicated service-oriented protocols can excel at integration and synergy.
- Dmitry Gerasimov, CTO and Project Lead of Cellframe
About Razor Network
Razor Network is a completely decentralized Oracle network for Decentralized Finance and other distributed applications and services. Razor avoids any weakness associated with conventional centralized oracle networks and is secured by a highly efficient Proof of Stake network, which punishes misbehaving nodes through a strict Slashing mechanism. Razor has already partnered with some of the leading players of the blockchain industry, including Matic Network, SKALE Network, Persistence, Mantra DAO, and OpenDeFi. The headquarters are located in Singapore.
Cellframe is a quantum-resistant layer-1 network focused on facilitating secure and scalable cross-chain transfers. Cellframe aims to create an infrastructure for decentralized low-level services through its multichain nature. It is quantum-safe — it uses post-quantum encryption by default. Cellframe is built from scratch with plain C, which results in more efficient utilization of CPU and memory.
Stay tuned for more info and follow us at:
Telegram ANN: https://t.me/CellframeANN