Coinbase announces the launch of Oracle Oracle

BlockBeats news - on April 23, Coinbase announced the launch of Coinbase Oracle, a predictive service that allows anyone to access BTC/USD and ETH/USD price data through the application programming interface (API). According to the description, the price of the predictor will come from Coinbase Pro, the data will be updated every minute, and anyone can publish the price on the chain. Since the price is signed by Coinbase's private key, users can verify the accuracy of the data using the public key.

On March 26, Coinbase announced that Coinbase wallet has integrated with multiple decentralized finance (DeFi) applications, such as Compound and dYdX, allowing users to borrow encrypted assets on different platforms and earn interest, as previously reported by beat BlockBeats. With the launch of this service, Coinbase may promote the further improvement of Coinbase's decentralized ecology.

Commenting on the move, Compound CEO Robert Leshner said Coinbase Oracle will improve the security and decentralization of Compound price sources. DYdX CEO Antonio Juliano says the Coinbase price predictor will have a huge impact on DeFi's ecosystem.

The original link: https://blog.coinbase.com/introducing-the-coinbase-price-oracle-6d1ee22c7068

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