Oracle by Gateway.fm

In the rapidly evolving and scaling Web3 space the need for reliable real-time data has never been more crucial. We understand that the future of dApps hinges on their ability to access and integrate off-chain data efficiently and accurately. That's why we've developed our cutting-edge Oracle system — a highly efficient, adaptable data solution designed to bridge the gap between the blockchain and the real world.

What is an Oracle and Why Does It Matter?

In the context of blockchain, an Oracle is a system that allows smart contracts to interact with external data sources. This capability is essential for a wide range of applications, from financial services to gaming, where real-world data must be reliably brought onto the blockchain.

However, not all Oracle systems are created equal. Many struggle with speed, integration complexity and scalability which limits their usefulness in high-stakes environments. Our Oracle system overcomes these challenges by offering a solution that is not only fast and flexible but also incredibly easy to integrate into existing blockchain infrastructures.

Key Features

High-Speed Data Collection with Rust

At the core of our Oracle system is a high-speed data collection daemon developed in Rust. Known for its performance and safety, Rust ensures that our system is both robust and secure. The daemon features a powerful WebSocket API (WS API) optimized for real-time data acquisition, making it perfect for applications that require fast, reliable data feeds. While primarily calibrated for price data, our system is adaptable to various data types, allowing it to meet the diverse needs of different blockchain applications.

Versatile Data Handling

Our Oracle isn't just about speed; it's about versatility. Although it's optimized for price data feeds, its adaptable architecture allows it to handle a wide range of data types. This versatility makes it suitable for various industries, including finance, gaming and beyond in the Web3 space. Whether you need financial data, random number generation, or AI outputs — Gateway.fm's Oracle can seamlessly integrate this data into your blockchain applications.

Scalable Backend

The backend of our Oracle system is powered by a service written in Go, a language renowned for its efficiency and scalability. This service subscribes to data feeds from our Rust daemon and efficiently stores the required information in smart contracts. This ensures that the data is not only accurate but also accessible exactly when needed. Our system is designed to handle large-scale data processing, making it an ideal solution for blockchain operations that demand high data throughput and reliability.

Smart Contracts with Seamless Integration

Our smart contracts are developed using Solidity and rigorously tested with Hardhat during the development phase. Hardhat is used to ensure that our contracts are robust and error-free before they go live on the blockchain. The smart contracts are built with an easy-to-integrate Application Binary Interface (ABI), allowing them to seamlessly interact with various blockchain platforms, supporting common Oracle interfaces like Chainlink. This ensures that your blockchain applications can effectively respond to real-world data inputs.

Why Choose Our Oracle System?

Adaptability and Scalability: Designed to evolve with the blockchain ecosystem, our Oracle system is built to meet the diverse and ever-changing data needs of modern blockchain applications.

Ease of Integration: With smart contracts that feature an easy-to-integrate ABI and a backend service built for efficiency and scalability, integrating our Oracle system into your project is straightforward and hassle-free.

As the blockchain landscape continues to grow and diversify, the demand for reliable, real-time data solutions will only increase. Our Oracles provides a powerful, adaptable and easy-to-use solution for integrating off-chain data into your blockchain applications

Ready to take your blockchain project to the next level? Contact us today to learn more about how our Oracle system can help you achieve your goals. Book a call!