Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • News

Ergo Unveils Oracle Solution for Cardano (ADA) to Enhance Interoperability

Tobi Loba November 10, 2020 2 min read
Cardano Continues To Lead All Blockchains Based On Average Daily Development Activity

Ergo (ERG), the platform that aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and stand the test of time, has announced the launch of an oracle solution for Cardano (ADA) to enhance interoperability.

According to the claim of the firm in a blog post published on 9th November 2020, its oracle pools introduce a distinct approach to oracles and allows building new types of decentralized applications (DApps).


trade now

Read Also: Cardano Price: If You Want To Just Focus on Price, Buy Tron (TRX) –Charles Hoskinson Tells User

Partnership between Emurgo and Cardano Yielding Expected Results

It can be recalled that Emurgo, the commercial arm of Cardano (ADA), sealed a strategic partnership with Ergo sometimes in June 2020. This collaboration is targeted at developing solutions that are focused on highly functional decentralized finance (DeFi).

The fact that Ergo, a platform designed by former IOHK developers, has launched an oracle solution for the Cardano blockchain is proof that the partnership is beginning to produce results as expected.

According to the blog post, the new oracle solution for Cardano (ADA) is powered by the extended UTXO model of Ergo and will post data from its oracle pools to the Cardano distributed ledger through tx metadata. Ergo also asserted that one of Cardano’s stake pool operators is already leveraging its oracles.

Ergo noted:

“One of Cardano’s oracles is utilizing data provided by Ergo’s oracle pools. Marek, a Cardano Stake Pool operator, has built a simple solution for Cardano. Information from the Ergo oracle is sent to the Cardano network through tx metadata.”

Read Also: ADA Looks Ready To Recover Lost Ground as New Addresses Joining Cardano Jumps 202%

The platform also added that six data streams are currently using its NUTS oracle, making price information available in real-time for ADA/USD, ERG/USD: Coingecko, ADA/EUR, and the price of Tesla (TSLA).

Conclusively, Ergo pointed out that the new oracle will enhance the interoperability between Cardano and the Ergo blockchain since they now use the same source of data about the same crypto assets.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: CZ Binance Hints at Sending 32 ETH to Deposit Contract Address to Support Ethereum 2.0 Launch
Next: Cardano Foundation CEO: Banks Are Showing Interest in Holding ADA in Place of Bitcoin (BTC)

Related Stories

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility
2 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis
  • Tron (TRX)

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility

August 14, 2022
What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis

Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments

August 13, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,503.00
0.06%
ethereum
Ethereum (ETH)
$1,980.01
-0.14%
tether
Tether (USDT)
$1.00
0.00%
usd-coin
USD Coin (USDC)
$1.00
-0.02%
binancecoin
BNB (BNB)
$322.60
-2.17%
cardano
Cardano (ADA)
$0.58
2.56%
ripple
XRP (XRP)
$0.382937
0.49%
Binance USD
Binance USD (BUSD)
$1.00
-0.04%
polkadot
Polkadot (DOT)
$9.18
-3.12%
dogecoin
Dogecoin (DOGE)
$0.077646
5.73%

Recent Posts

  • Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility
  • What is a Bear Trap in Trading and How Does It Work?
  • FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
  • Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments
  • All You Need To Know About Virtual Asset Service Provider (VASP)
  • Animoca Co-Founder Says Web3 Requires More Developers For A True Decentralized Environment
  • Nvidia Launches New Developer Tools To Up Its Metaverse Bet
  • Velocity Trade Review – Is Velocity Trade Scam or a Proper Broker?
  • Assessing Reasons Behind Polygon’s (MATIC) Recent Price Uptick
  • Blockchain vs. Database: How Do They Differ?
  • Paper Wallets: How To Secure Your Crypto Assets
  • New Report Says Nigeria Has Become the Most Crypto-obsessed Country
  • Institutional Demand for BTC Is Insatiable, Says Kevin O’Leary
  • Money-Laundering And Wash Trading In NFTs – All You Need To Know
  • Alfabtc Review – Is Alfabtc Scam or a Proper Broker?

Categories

You may have missed

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility
2 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis
  • Tron (TRX)

Evaluating the Possibilities of Tron (TRX) Unleashing Its Volatility

August 14, 2022
What is a Bear Trap in Trading and How Does It Work?
11 min read
  • Crypto Trading
  • Guide
  • News

What is a Bear Trap in Trading and How Does It Work?

August 13, 2022
FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?
4 min read
  • Cryptocurrency Brokers News and Reviews

FxCapital360 Review – Is FxCapital360 Scam or a Proper Broker?

August 13, 2022
Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News
  • Price Analysis

Bitcoin (BTC): What to Expect in Upcoming Months Following Present Developments

August 13, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%