eoracle: Bringing more transparency and decentralization into the oracle market

eoracle: Bringing more transparency and decentralization into the oracle market

Don't miss out on the newest edition of the Kiln Restaking Rendez-Vous podcast! Edgar Roth from Kiln joins Matan Si, Founder of eoracle, for an in-depth discussion on the eoracle AVS.

Exploring the world of eoracle

Matan explores the role of oracles in connecting external data with smart contract applications on blockchains, emphasizing the significance of trust and transparency within the oracle domain.

The discussion broadens to cover the necessity of matching economic security with Ethereum stakeholders' interests and the type of economic security model required for eoracle AVS.

Additionally, Matan reveals his long-term expectations for the EigenLayer and AVSs ecosystem.

Enhancing the oracle market with increased transparency and decentralization

eoracle presents itself as a programmable data layer for the Ethereum blockchain that can be customized to fit various needs. Its primary role is to serve as a bridge between smart contracts, which function within the blockchain, and real-world data that resides off-chain, enabling smart contracts to use external data.

eoracle offers a unique solution compared to conventional oracle systems. Traditional oracles frequently depend on centralized servers for data provision, which can introduce security risks and restrict user choices. On the other hand, eoracle takes advantage of the existing Ethereum Proof-of-Stake (PoS) infrastructure, which employs a globally distributed network of validators. This on-chain design aims to improve security and transparency in comparison to centralized approaches.

Moreover, eoracle prioritizes interoperability, aiming to integrate effortlessly with smart contracts and maintain their programmability and security assurances.

The next milestone for eoracle

The next milestone for eoracle is the release of the eoracle SDK, which will initiate integrations on various rollup frameworks. This development is happening soon and is aimed at supporting the growing space that is moving towards different stacks supporting various rollup frameworks and rollup as a service provider.

The goal is to enable rollups to come online with an Ethereum Oracle at genesis that they can connect to and get a secure feed. This feed can be customized for their specific needs and can be shared or not shared with other rollups and other AVSs.

This development is part of a gradual process of building infrastructure, reflecting the current trend of more applications deploying on different rollup frameworks rather than on the mainnet.

Get an exclusive inside look at eoracle by watching or listening to this episode! Keep an eye out for more project showcases in the coming weeks.

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