Orcfax FACT
1. Summary
- Price
-
$0.01 +3.7%
- Market Cap
- $2.03M (#2300)
- Supply
- 176.15M / 1.00B
- Tags
- Cardano Ecosystem
- Description
-
Orcfax: Decentralized Oracle Service for the Cardano Blockchain
Orcfax: Decentralized Oracle Service for the Cardano Blockchain
Orcfax is a decentralized oracle service that publishes data about real world events to the Cardano blockchain. It makes this data available to on-chain smart contracts in Cardano's native eUTXO format using the Cardano Open Oracle Protocol (COOP). The service archives standards-compliant audit logs for all its real-world data collection and validation processes, which are stored on the Arweave decentralized storage network and accessible via the mobile app "Fact Explorer." The oracle data is marked up using fact-checking vocabularies, ensuring authenticity and accuracy, and making it more trustworthy and repurpose-able for smart contracts and decentralized applications (dApps).
Key Features
- Collects real-world data from multiple sources for each data point.
- Utilizes a distributed network of validator nodes to deliver decentralized oracle feeds.
- Provides full, permanent audit trails for all data collection and validation processes.
- Has a decentralized, sustainable storage system using a standards-compliant archival packaging format.
- Supports the development of decentralized oracle pools driven by stake-based incentives.
Technology and Architecture
The Orcfax system comprises software nodes written in Python, Haskell, and Plutus v2 code, which collect and publish data about real-world events as CBOR-serialized reference inputs into Cardano transactions. The service ensures that these data inputs can be trusted and verified through decentralized, transparent processes. The COOP, which is open-source and under an Apache 2.0 license, creates the framework for data publication, maintaining compliance with Cardano's eUTXO design and enhancing cost efficiency.
Summary
Orcfax offers a robust solution for the Cardano blockchain, focusing on the authenticity, accuracy, and transparency of the data provided. By integrating a decentralized oracle protocol and self-regulating mechanisms, it enables trustworthy and reliable data for a wide range of application scenarios, solidifying its presence in the blockchain and smart contract ecosystem.
| Price | |
| 52W High price | $0.03 |
| 52W High date | 18th Feb 2024 (5 months ago) |
| All Time High (ATH) Date | 17th Feb 2024 (5 months ago) |
| ATH Price | $0.03 |
| % From ATH | -38.46% |
| All Time Low (ATL) Date | 27th Oct 2023 (9 months ago) |
| ATL Price | $0.000000009378 |
| % From ATL | 177717608.78% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $15,502.00 |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Circulating Supply | 176.15M |
FACT
How does Orcfax's (FACT) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-9.9%
FACT
4.2%
Similar Market Cap
60 Day Return
-19.0%
FACT
-9.0%
Similar Market Cap
We're monitoring 20 Orcfax GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Orcfax Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 117
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Top Developers 2024
In total, 0 developers have contributed to Orcfax over the past year. Who are the most active Orcfax developers, by commits, over the past year?
Related Projects
Developers working on Orcfax also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
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| Twitter followers | 7,946 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://orcfax.io/ |
|---|---|
| Explorer | https://cexplorer.io/asset/asset1kuwfd0esf9xcxurp2... |
| @orcfax | |
| Forum | https://docs.orcfax.io/ |
What is the correct contract address for Orcfax?
| Cardano | a3931691f5c4e65d01c429e473d0dd24c51afdb6daf88e632a6c1e51 |
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Has Orcfax been audited for security?
No security audits found for this project.
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