@switchboardxyz is designed to be a cost optimized, low latency and high security data solution for blockchain applications. It is built to support high fidelity financial systems where users can specify how data is ingested and transformed from on-chain or off-chain sources.
HOW DOES SWITCHBOARD WORK ?
Using switchboard on demand involves certain steps
- Design Feed, it helps to pick your sources, build the job in our builder app or by script.
- It creates the feed either by solana or evm route in the builder app or by script.
- It creates query signed updates for your feed off-chain from oracles either on solana or evm.
- It submits the updates on-chain for verification as part of a user transaction that uses this data.
- It uses the fresh value(s) on-chain for your application.
This brings us to the question that why switchboard ??
@switchboardxyz has secured billions of dollars of on-chain volume offering high security/ low latency guarantees for its pricing data since 2021. Switchboard has also been deeply involved in the step-by-step evolution of each of these archetypes. By closely observing market behavior, they have identified and addressed many persistent pain points in blockchain oracles. They also look to build a new solution built on the principles of:
Offering the highest data security level to the protocol
Offering the cheapest solution to maintain data
Offering the fastest oracle in any blockchain ecosystem
Making the protocol as easy to use as possible.
I hope this little thread of mine explains what @switchboardxyz is about.
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iAgent Protocol x Kaisar Network
@KaisarNetwork is a decentralized cloud computing platform that is revolutionizing how GPUs are owned, shared, and used. While our team at iAgent is leading the charge at the intersection of DePin, AI, and gaming.
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