Conflux X Razor brings a new decentralized oracle solution to DApp

Conflux Network has joined hands with the oracle platform Razor to jointly bring a new fully decentralized oracle solution for DApps. Through Razor oracles, DApps built on the Conflux network can obtain accurate, robust and real-time data sources from the outside world.

Eden Dhaliwal, Director of Overseas Operations at Conflux, said: "Achieving diverse connections of on-chain and off-chain information is critical to the development and security of the Conflux network ecosystem. The partnership with Razor can power new forms of DeFi on the Conflux network and will Existing Web 2.0 infrastructure connects to the blockchain and provides an additional off-chain source of truth against oracle failure."

As a decentralized oracle, Razor provides data to smart contracts through a network of stakers. Its high degree of decentralization reduces the risk of users encountering fraud, and at the same time, its high economic security makes Razor effective against bribery attacks. The developer designed a dispute resolution mechanism for Razor to ensure that in the event of an attack, the attacker will lose in the dispute round. This solves the trade-off between speed and security in a fully decentralized system.

For decentralized DApps to be accepted by the public, security commitments must first be made. Razor can provide the maximum security based on game theory without affecting the speed, ensuring 100% security of the external data of the smart contract.

Hrishikesh Huilgolkar, CEO of Razor, added: "The unique tree graph structure of the Conflux network has greatly improved the security, scalability and decentralization of the network. Such a high-performance blockchain platform must be compatible with decentralization and The oracle network with security features is integrated. Razor’s peer-to-peer decentralized network is the best choice for Conflux. This cooperation will provide a strong guarantee for the security needs of all aspects of the Conflux network.”

About the Razor Network

As a decentralized oracle, the Razor Network provides data to smart contracts through a network of stakers. Razor is fast, powerful, and economically secure. A high degree of decentralization reduces the risk of fraud for its users. Due to its high degree of economic security and decentralization, the Razor Network is extremely resistant to bribing attacks.