@APRO Oracle APRO is a decentralized oracle that brings real-world data to blockchain smart contracts. Blockchains cannot directly access external data, so the oracle fetches data from off-chain sources and verifies it on-chain to provide it to smart contracts. APRO uses a mix of off-chain data collection and on-chain verification to ensure the data is accurate and secure. APRO
APRO delivers data to the blockchain in two ways. In Data Push, independent nodes continuously gather data and automatically push updates to the blockchain when price thresholds or time intervals are met. This method provides timely updates that DeFi protocols and smart contracts use. In Data Pull, applications fetch data on demand. This reduces on-chain transactions and keeps costs low, as data is sent only when needed. APRO +1
APRO decentralized network is based on the structure of nodes where data is gathered from multiple sources and verified through consensus. This architecture removes a single point of failure and makes data tamper-proof. APRO
APRO provides price feeds and asset data in real-time. It has multi-asset support that decentralized applications can use for trading, lending, derivatives, etc. Some implementations use mechanisms like TVWAP (Time Volume Weighted Average Price) to maintain fairness and accuracy of price data. JuCoin
APRO also offers a feature like Proof of Reserve where there is transparent and real-time verification of the reserves of tokenized assets. Reports on reserves are created using multiple data sources and AI-driven processing, which can be stored or verified on-chain. APRO
Direct meaning: APRO is an oracle network that brings reliable external data to the blockchain and provides real-time information to smart contracts through two methods (push and pull). APRO
