Why do blockchains need data oracle?

Blockchains cannot access trusted real-world information available outside their networks. Although they can guarantee that the onchain data will not be tampered with.Sphinx protocol as a data bridge that can convert information into data that can be written into the blockchain.

Design Principles

Sphinx aims to design an oracle machine that can cope with the size of current DeFi assets and adapt to the future DeFi operating environment as it grows.

The oracle should be attack resistant in the same order of magnitude as the size of the assets using the oracle machine protocol.

The speed and scalability of the oracle should match the application scenarios of smart contracts.

High throughput, cross-chain compatibility consistency provides higher composability for DeFi.

How Does Sphinx work?

Learn more about Sphinx

Secure,fast and scalable

01

Reliable,tamper-proof network

Use decentralized trusted nodes to obtain information that best matches real data through competitive quotations

02

Responsive to market fluctuations

The information is updated every three seconds. The data loading time is shortened to one minute

03

Support for Multiple Chains

Through the IBC protocol, all dapps on the main chain that support verification nodes can call data

04

Diverse data,beyond DeFi

Data sources include but are not limited to: Crypto assets, Precious metal prices,OilFut,Internet of Objects, NFT(Non-fungible token),etc.

Data feeds

Sphinx is now live. Data feeds will update every minutes