How Do Oracle Networks Attempt to Achieve Sub-Second Data Latency?
Oracle networks attempt to achieve sub-second latency through a combination of off-chain computation and optimized on-chain delivery. They use high-performance infrastructure, peer-to-peer networks for rapid data aggregation, and cryptographic schemes like TSS to minimize on-chain verification time.
Furthermore, they often use a "layer 2" or "off-chain reporting" solution, where data is processed off-chain and only the final, verified result is submitted to the main blockchain.
Glossar
Cryptographic Schemes
Cryptography ⎊ Cryptographic schemes underpin the security and integrity of decentralized systems, particularly within cryptocurrency, options trading, and financial derivatives.
Oracle Networks
Attestation ⎊ Oracle Networks function as critical middleware, bridging the gap between off-chain data sources and on-chain smart contracts within cryptocurrency and derivatives markets.
Geographically Distributed Nodes
Resilience ⎊ Geographically Distributed Nodes are a critical component of oracle resilience, ensuring that the data feed remains operational despite localized power outages, internet service disruptions, or targeted regulatory actions in a single jurisdiction.