Today I want to tell you about @switchboardxyz.
Switchboard is edefining blockchain oracles with Switchboard On-Demand, a groundbreaking approach to aggregating secure on-chain data.
📊 Why is switchboard a useful product ?
- Switchboard On-Demand
A first-of-its-kind oracle paradigm designed for security, speed, and flexibility. Users select trusted sources like first-party oracles or exchange APIs, ensuring accurate and timely data.
- Trusted Execution Environments (TEE)
Switchboard leverages Intel® SGX to secure all operations. Oracles operate in confidential runtimes, ensuring users see the data before oracle operators.
- Oracle Queues
Think of queues as subnetworks managing oracle tasks. They maintain approved oracles, synchronize across chains (like Solana), and assign data feeds.
- Role-Based Architecture
Guardians: Validate oracles & maintain security through SGX attestations.
Oracles: Fetch, process, and sign data, ensuring robust delivery.
Oracle Routers: Manage traffic and balance workloads efficiently.
🛡️ Built on Key Principles
- Unmatched Security: Hardware-verified nodes ensure tamper-proof data delivery.
- Low Latency: The fastest oracle system in any blockchain ecosystem.
- Cost Efficiency: Optimized solutions to keep data affordable.
- Developer-Friendly: Easy-to-use tools and custom data feeds for specific needs.
🧶 Supported Chains:
Switchboard supports Solana, Aptos, Arbitrum, Sui, and more, with Monad & Eclipse coming soon to mainnet.
🪄 Differences with other oracles ?
- Data delays caused by propagation.
- Operator advantages over end-users.
👀 In early January, keep an eye on $SWTCH TGE. With billions in secured on-chain volume since 2021, this is one project to watch!
Useful links:
website - https://t.co/sdl4Gi4C8m
docs - https://t.co/wBUBCUXWrt
X - @switchboardxyz and @SwitchboardFDN
We’re thrilled to announce our collaboration with
@KawaiiLabsSol !
To celebrate, we’re giving away:
- 3x 5-day trial to @urbannode_
- 5x Free weekly passes to @KawaiiLabsSol
Follow, like, rt and tag 3 frens to enter!🧑🤝🧑
$1,364,535+ in profits by a single OrbitFlare & SharpAIO Holder 🎉
We will be giving away:
- 2x Weekly trial for @Sharp_AIO
- 3x 3-day trial for @OrbitFlareNodes
Like 💙, RT 🔁, and tag 3 people to enter the GA! 🤝