$API3 Short
API3 is an oracle project in crypto, but it takes a different approach compared to traditional models like Chainlink. Instead of relying on intermediaries to feed data into the blockchain, API3 builds on the concept of “first-party oracle,” meaning that data is provided directly from the source (API provider) onto the blockchain without the need for a third party.
The core of API3 is to tackle the “oracle problem” – how to accurately and transparently bring real-world data (asset prices, weather, financial data…) into smart contracts. With API3's model, data providers operate their own Airnode (individual oracle nodes), which helps mitigate the risk of data manipulation or discrepancies.
#CreatorpadVN $GUN $GALA
API3 is an oracle project in crypto, but it takes a different approach compared to traditional models like Chainlink. Instead of relying on intermediaries to feed data into the blockchain, API3 builds on the concept of “first-party oracle,” meaning that data is provided directly from the source (API provider) onto the blockchain without the need for a third party.
The core of API3 is to tackle the “oracle problem” – how to accurately and transparently bring real-world data (asset prices, weather, financial data…) into smart contracts. With API3's model, data providers operate their own Airnode (individual oracle nodes), which helps mitigate the risk of data manipulation or discrepancies.
#CreatorpadVN $GUN $GALA