Supra’s decentralized oracle price feeds are now available on the Hedera network via the DORA (Distributed Oracle Agreement) protocol. This oracle integration enables application developers to access real-time data that helps users make informed decisions, enhance application reliability, and expand functionality on the Hedera network.
Oracles play a pivotal role in enabling cross-chain interoperability and enhancing the functionality of Web3 applications, as smart contracts lack native support for these functions and share no security assurances with other chains. Supra Oracles step in to validate and transmit data efficiently, extending the capabilities of smart contracts.
Supra's DORA specializes in fetching and verifying real-time price feeds from top-quality sources, with a focus on guarding against Byzantine or collusive behaviors that affect competitors. DORA operates as a distributed, low-latency oracle service, offering both pull and push subscription models tailored to project developers' requirements.
Moreover, DORA is seamlessly integrated into Supra's innovative Moonshot consensus mechanism and distributed VRF, providing exceptional performance in terms of latency, network reliability, and fallback mechanisms during highly volatile events. Additionally, Supra is developing an upcoming bridgeless cross-chain consensus mechanism called HyperNova is in development and on the horizon.
Hedera is an open source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. It is governed by a collusion-resistant, decentralized council of leading enterprises, universities, and web3 projects from around the world.
The EVM on Hedera is optimized for speed and scalability, allowing for easy smart contract deployment using familiar Web3 environments, libraries, and tooling. Developers building on Hedera are provided with intuitive APIs, EVM equivalence, and comprehensive tooling, facilitating innovation and development.
Transactions on Hedera are cost-effective and have a fixed price (in USD), with an average cost of $0.001 and final settlement in 3-5 seconds, eliminating the need for prolonged block confirmations. With native services scaling reliably to over 10,000 transactions per second, Hedera supports powerful Web3 applications and protocols.
Additionally, oracle price feeds are now supported on Hedera for smart contracts, ensuring enhanced security through Supra's DORA. These price feed updates are retrieved on-demand, providing flexibility and cost savings by eliminating unnecessary on-chain interactions. Supra’s Pull model is available on both Hedera Testnet and Mainnet, while the Push model is available on Testnet and will be available on Mainnet at a later date.
It's time to unlock the power of real-time data on Hedera. Supra's DORA price feeds offer the reliability, security, and cost-effectiveness you need to build cutting-edge applications. Use this oracle integration to inform user decisions, optimize your applications, and push the boundaries of your solution on Hedera. Visit the Hedera documentation to start building today!
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GitHub Example: hedera-example-supra-oracle-contract-push
GitHub Example: hedera-example-supra-oracle-contract-pull
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