Network: Binance Smart Chain (BSC)
Launch date: November 1, 2021 00:00
Cross-Chain Real World Data Network
Powering the growing DeFi market with off-chain-data
No middleman required leading to higher security and lower fees
One of the most pressing issues when developing smart contracts is the lack of real-world data. But due to technical limitations, such as the consensus protocol, no blockchain has been able to solve this major limitation.
The VarPed Network aims to solve exactly this problem with the help of so-called oracle nodes. In addition to that, it aims to implement cross-chain support in order to supply various blockchains with real-world data. Cross-chain functionality will be achieved via the Binance ecosystem and Ethereum.
An important advantage of the VarPed Network compared to common solutions is the complete lack of middlemen. This in turn increases the quality and trustworthiness of the data provided.