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.
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?
Secure,fast and scalable
Use decentralized trusted nodes to obtain information that best matches real data through competitive quotations
Responsive to market fluctuations
The information is updated every three seconds. The data loading time is shortened to one minute
Support for Multiple Chains
Through the IBC protocol, all dapps on the main chain that support verification nodes can call data
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.
Sphinx is now live. Data feeds will update every minutes