Binance Launches a Blockchain Oracle Service for BNB Chain

Cryptocurrency exchange Binance has launched the Binance Oracle service, which will connect decentralized applications on BNB Chain with real-world data.

The developers have announced in a press release that they plan to integrate blockchain oracles with other networks.

To date, ten dApps on BNB Chain are already using the service.

Gwendolyn Regina, Chief Investment Officer of BNB Chain, has said:

“Binance Oracle will become an important component in Web3, offering a stable, reliable and efficient oracle network with comprehensive accuracy and availability features.”

Threshold signatures are used to securely transfer data streams to Binance Oracle.