Binance Releases Chainlink Competitor
1Binance Oracle is an oracle service that has been launched by the cryptocurrency exchange Binance. Applications like those in the decentralised banking industry will use the Oracle solution to gather off-chain data. When signing data feeds into blockchain apps, Binance will make use of "threshold signatures" to ensure their security. The Binance Oracle has already been integrated with more than 10 BNB Chain projects. According to Gwendolyn Regina, investment director at BNB Chain, "Binance Oracle will emerge as a big contributor to Web3 by delivering a robust, dependable, and efficient Oracle network with extensive accuracy and accessibility capabilities." Applications like those in the decentralised banking industry will use the Oracle solution to gather off-chain data.
Source: https://www.theblock.co/post/180042/binance-releases-oracle-service-on-bnb-chain-rivaling-chainlink
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