It's no more news that the world has been digitalized following all the engagements and happenings around the world. As the digitalizing of engagement globally increases, the deployment of blockchain in its broad range of applications and different domains cannot be overemphasized as many critical infrastructure sectors need this technology for security, transparency and data management.
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Blockchain technology leveraged to establish a fair and transparent data sharing environment, where unauthorized modification to the data can be audited and traced.
What an interesting technology that financial sectors would like to make use of, though its management is highly important because recorded decisions on the blockchain are not editable and there is a possibility of majority attack which is known as 51% attack. This limitation can be managed through a controllable blockchain data management model which can be deployed in a cloud environment. This is where Razor Network comes in.
What Does Razor Network Provides?
Razor Network is a truly decentralized oracle for decentralized finance, lending, insurance, digital assets, prediction markets, synthetic assets, identity, atomic swaps and stable coins.
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The security aspect of the project, yes, DDoS attack usually encountered when the users of the target resource, for example, server, website, or network resource are denied access to the target resource, this may cause the resource systems to slow down or even shut down, but with Razor Network dispute escalation and resolution mechanism makes it extremely resistant to collusion, bribing and censorship attacks.
Recently, Razor launched the much-awaited Razorscan V2 which comes with
- Upgrade for increased query speed
- Dark mode
- Explore the entire oracle data
- Enhanced UI for network stakers and validators
This is still on testnet (Razorscan.io). The testnet is using Matic Mumbai Testnet with PancakesSwap Razor-BNB & Unifarm Razor Staking already on it. The testnet is also linked with moonbeam through Warp where you can have access to the Data feed and Contract details.
Keep eyes on Razor Network as there are more updates as the project moves one step closer to the next milestone on the roadmap.
Thanks for sharing this with the community. We learn more as more projects evolves
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It's my first time to here about Razor Network, thanks for the share, I will check it out
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