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Razor Network is a decentralised oracle platform designed to provide secure, high-frequency data to smart contracts on multiple blockchains. Launched in 2020, Razor Network addresses the oracle problem by ensuring data integrity and reliability through a robust solution that combines game-theoretical incentives with cryptography. It operates on a delegated proof-of-stake consensus mechanism, which enhances scalability and efficiency. By employing a network of validators to fetch and verify data, it maintains decentralisation and resistance to collusion. Razor Network is compatible with Ethereum and other leading blockchain platforms, offering flexible and tamper-proof external data sourcing, crucial for the growing decentralised finance (DeFi) ecosystem.
