Zoracles

1. Summary

Ranks

Liquidity

-

Developer

-

Social

33

Momentum (beta)

0

Stack Rank™

-

Price

$66.12 0.0%

Market Cap

$84,366.00 (#7091)

Supply

/

Tags

DeFi Governance Infrastructure Oracle Ethereum Ecosystem

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Price
52W High price	$137.38
52W High date	26th Aug 2022 (2 years ago)
All Time High (ATH) Date	7th Nov 2024 (3 months ago)
All Time Low (ATL) Date	7th Nov 2024 (3 months ago)

Supply & Trading Volume
Trading Volume (24h)	$948.00

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Description

Zoracles

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Zoracles

Zoracles is a protocol that focuses on building zero-knowledge oracles. It utilizes innovative technologies like zkSNARKs and Zokrates to provide confidential data to smart contracts. The system aims to rectify the oracle problem by using zero-knowledge proofs (ZKPs) to ensure the highest level of security and economy.

Key Features

The Zoracles protocol does not require a utility token and instead leverages data from trusted exchanges like Coinbase Pro and OKex. It employs the Uniswap Time Weighted Average Price (TWAP) for accurate pricing, eliminating the need for a node infrastructure of aggregators. The platform offers a unique "Snarks as a Service" model, where data is provided at a lower cost compared to traditional oracle services.

Development and Governance

The Zoracles team consists of experienced developers who have worked on cryptocurrency privacy technology. The project's code is open-source and accessible on GitHub, allowing for community contributions. The governance model is designed around Zora tokens, which will be used to vote on key decisions and guide the protocol's development.

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