Canton Foundation Awards RedStone 15.8 Million Canton Coin for Pricing Standard
(2 hours ago) · 1 source · Summarized by CryptoBipto
The Canton Foundation has granted RedStone 15.8 million Canton Coin to develop a pricing standard for the Canton network. RedStone, known as an oracle provider, will work on delivering price data infrastructure. The grant is intended to support standardized pricing across the Canton ecosystem.
WHY IT MATTERS
In the crypto world, an "oracle" is a service that feeds real-world data, like asset prices, into a blockchain so that automated programs (called smart contracts) can use that information.
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SOURCES
- cointelegraph.com
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