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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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  • Guides
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    Long and Short Positions in Crypto Explained for Beginners

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

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    IN-Match3 Joins Forces with Adventure Layer to Scale GameFi, Boost Accessibility & Profitability

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    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

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Home Blockchain

API3’s Latest Move on Scroll Could Spell the End of Data Manipulation in DeFi – Details

June 22, 2024
in Blockchain
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API3’s Latest Move on Scroll Could Spell the End of Data Manipulation in DeFi – Details
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API3’s recent integration with Scroll is setting new standards for data integrity and accessibility. This strategic development not only enhances the functionality of the Scroll Layer 2 solution but also pioneers new mechanisms for data utilization in blockchain applications.

READ ALSO

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

Revolutionizing Data Access in DeFi

API3 is well known for its robust oracle solutions, and now it has introduced its high-tech Oracle Stack on Scroll which represents a considerable improvement on how developers can access decentralized data. Using this integration, developers can access API3s decentralized APIs (dAPIs) that will be critical for supporting the next generation of decentralized applications.

This is important because it provides a means for real-world data to be ported to and then fed directly into the blockchain networks that DeFi platforms rely on, in a way that is both secure and non-tamperable.

Simultaneously, the launch introduces the OEV Network, a technological breakthrough for updating oracles in the most efficient manner. The upgrade is concerned with making sure that the fundamental benefits of those updates are not simply siphoned off by arbitrage, but instead returned to the applications that originally built on them, and therefore recapturing MEV associated with these protocols.

Its significance is not just in the technical upgrade, but in the fact that as a global collective, it is moving towards a more sustainable and equitable financial system which minimizes value leakage and protects platform integrity.

API3’s Oracle Stack is now available on @Scroll_ZKP 📜

Builders can now leverage:

▲ +180 decentralized data feeds (dAPIs) on the API3 Market
▲ OEV Network to recapture protocol MEV (launching soon!)

Start building today! 🛠️ pic.twitter.com/cXQ46FBQNF

— API3 (@API3DAO) June 19, 2024

Enhancing Scalability and Security on Scroll

Scroll’s zero-knowledge proof-based Layer 2 solution provides an Ethereum application platform with scalability and efficiency. On the flip side, incorporating API3’s Oracle Stack into Scroll expands its suite of high-throughput applications, under the backdrop of a highly-secure framework vital for the likes of DeFi operations.

See also  peaq Introduces the DePIN Data Verification Framework

By utilizing API3’s oracles, as a part of Scroll’s infrastructure, applications can provide real-time market data without adding layers to existing architectures with compromising speed, which can be critical for DeFi.

In addition, by leveraging API3’s first-party oracle nodes, operated by data providers themselves, the data not only comes from a decentralized source, but also directly from a dolefully accurate source. This model also eliminates the middlemen we have in traditional data provision that contribute to likely points of failure and thus increase the reliability of the data feeds.

So, Scroll’s integration of API3’s Ethereum-based Oracle Stack represents more than another cog in a decentralized application; it should also spark further ingenuity in the greater DeFi sector. This provides a powerful suite of tools for developers to build richer, more dynamic, and more responsible applications, pushing the boundaries of what is possible with blockchain technology to achieve a more open and inclusive financial system.

As the partnership between API3 and Scroll matures, the potential for new applications and use cases is boundless. Extending beyond simple swapping and trading, the partnership will revolutionize DeFi possibilities from streamlined liquidity management across platforms to complex financial products.

This is not a simple tech integration, but one step closer to opening up fully autonomous, secure and efficient financial services to everybody, regardless of any geographic or economic line that divides us all.

Tags: API3sdataDeFiDetailsLatestManipulationmoveScrollspell

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