Raze Network & Paralink Network Partnership Announcement
To all Raze members,
We are very thrilled to announce a strategic partnership with Paralink Network.
Paralink is a multi-chain oracle platform providing real-world data for blockchains, powered by Polkadot too. It aims to empower derivatives and money markets with Paralink on-chain consensus, drive prediction markets and insurance by importing real-world data from official and 3rd party sources, and run gambling and non-deterministic apps via hardware-based randomness.
It is known by most crypto users that without accurate, reliable, and decentralized on and off-chain data feeds, blockchain applications would be seriously limited. Prediction and derivatives markets cannot perform calculated actions because any error in price and data feeds can lead to financial losses.
While blockchain scalability solutions are constantly evolving, we cannot forget security and information confidentiality is of the utmost importance. This space has witnessed countless examples of projects getting exploited as a result of security loopholes. However, when we talk about loopholes we usually do not mention the user side, which easily is a breach point for hackers.
Raze Network, as a privacy protocol that aims to protect the user identity and confidentiality for the entire DeFi stack of the Polkadot ecosystem, uses Efficient Σ-Bullets algorithm, a self-developed algorithm based on the Σ-Bullets encryption proof mechanism of the open-source project Zether to encrypt user account balances and transactions, and allow users to set up Raze Account, and take advantage of the Private Payment Channel.
We believe, with the above actions, Paralink users can remain confident about the data feeds coming in and out of Paralink oracle. And we as a privacy service provider can learn more about the industry pain points from the Paralink team and research different ways of building this sector.
About Paralink Network
Paralink is a multi-chain oracle platform providing real-world data for blockchains. Without accurate, reliable, and decentralized data feeds, blockchain applications such as prediction and derivatives markets cannot perform calculated actions as any corruption in price and data feeds can result in large financial losses.
Contact Paralink Network
About Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.