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SupraOracles

SupraOracles

SupraOracles is a company developing a blockchain network

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All edits by  Vitali Husakouski 

Edits on 21 Jan, 2022
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Vitali Husakouski
edited on 21 Jan, 2022
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SupraOracles

SupraOracles provides you with a credibly neutral, highly reliable, and performant Oracle solution for real-world data to communicate with public and private blockchains.

Bridging real-world data to automate, simplify, and secure the future of financial markets.

Article

SupraOracles supercharging oracles for a better, decentralized future.

Blockchains need better, faster, accurate, and more secure off-chain data. That’s what we do. We provide a next-generation cross-chain oracle solution so your smart contracts and blockchain apps work better.

Overview

SupraOracles is the flagship project by the Entropy Foundation. This Swiss-based (CHE.383.364.961) entity is bringing SupraOracles’ multi-helix ledger and DeFi applications to developers globally. This unit is uniquely positioned with PhDs and professionals with extensive experience in cryptography, enterprise integrations, IoT solutions, DeFi primitives, innovative consensus modeling, randomness research, and oracle research culminating in decades of product development and coding experience. The intersection of the different academic fields has been key to our technical breakthroughs to solve the oracle dilemma.

...

After 5+ years of research, thousands of hours of R&D and simulations, our revolutionary technical breakthrough helps solve the Oracle Dilemma while improving performance across the board. We’re not bragging. We just build better.

Better. In five key areas.

Oracles are crucial for blockchains to move forward. From DeFi to the metaverse, the ability to get off-chain and cross-chain data that’s fast, secure, scalable, and offers fast finality is essential.

As the blockchain ecosystem grows, high-quality oracles will be the fuel that powers the next generation of powerful apps and smart contracts to do more. Learn more about how our solution is poised to revolutionize the industry. Learn more about our solution.

Truly

Decentralized

Nodes pull data from multiple sources. Our system encourages good behavior via incentives while featuring fully decentralized governance.

Massive

Scalability

Singular nodes exist in multiple Distributed Key Generation configurations in parallel, organized in randomized network topologies.

Ultrafast &

Secure

Our novel nested architecture of Tribes and Clans allows for parallel processing via powerful cryptographic primitives, such as threshold cryptography.

Quick

Finality

Our main competitor, Chainlink, averages 120 seconds to reach finality. SupraOracles is much faster, offering 3-5 second on-chain refresh rates, with full finality.

Cross-chain &

Interoperability

Blockchain agnostic. Compatible with Avalanche, BSC, Cardano, Dfinity, Ethereum, Hashgraph, Polygon, Solana, Tezos,

and many more.

SupraOracles creating the world’s best-performing blockchain infrastructure.

Our project is spearheaded by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi. Follow us and our progress while we solve the oracle dilemma.

In 2018, we founded Entropy Foundation with the goal of expanding the capabilities of smart contracts and oracles. Our academic mindset forms the bedrock of our organization—and that means we’re committed to deep research and a rigorous academic process.

From the whiteboard to the keyboard, we’ve brought together the best minds possible to execute our vision. After running surveys on over 190+ teams who have told us their desired criteria for the perfect Oracle directly, we’ve learned a lot.

In particular, we’ve honed in on the key features and design elements an oracle needs to blow past the competition. We’ve built SupraOracles to exceed expectations of your typical cross-chain oracle and we’re proud to bring a world-class product to the table.

The problem the project is solving:

You can’t easily bring external data into the blockchain because it’s a closed-loop system. If you are a developer new to blockchain reading this… surprise! It’s not as simple as creating an API to link your external data to your smart contract… This is a good thing for those who want to keep their data secure. It poses a challenge for those trying to create decentralized apps or smart contracts though.

The solution:

Cross-chain Blockchain Oracles. Oracles are systems of nodes and protocols you can use to connect external data to blockchain or even create communication channels, interoperability, between multiple closed-loop systems.

But not all Oracles are created equal. Current designs of Oracles and necessary cross-chain bridges have led to over $730M stolen due to DeFi Exploits last year (see here, here, here, and here).

These attack vectors will continue to hamper the market and will be targeted until a secure solution is enabled. This is due to the limitations of current Oracle solutions:

Lack of Transparency
Price Delay & Deviation
Lack of Accountability

No entity is able to provably examine the precision of price reported by Oracles, leading to undetectable misbehavior.

Transfer of asset pricing from off-chain to on-chain can cause small deviations. Time delay from the event until it is placed on the external chain is significant in a dynamic market.

Oracles should be accountable for their actions. Security should be further guaranteed by the base protocol layer.

All existing blockchain Oracle solutions are trying to balance the tradeoff between decentralization, scalability, security, and finality. No one has been able to crack this quadrilemma until Supra (more to be shared soon!). As blockchain developers ourselves, we knew it was critical to bring a better Oracle solution to the market.

Table

Name
Role
LinkedIn

Alan Kong

CMO

https://www.linkedin.com/in/kongalan/?lipi=urn%3Ali%3Apage%3Acompanies_company_people_index%3B04d045d5-dfe7-45b9-878e-3f31e53f69bf

Arman Abgaryan

Financial Crypto Researcher

Dr. Aram Jivanyan

Cryptographic Advisor

Dr. Torbjorn Nordling

Professor of Automatic Control

https://www.linkedin.com/in/tnordlin/?lipi=urn%3Ali%3Apage%3Acompanies_company_people_index%3B04d045d5-dfe7-45b9-878e-3f31e53f69bf

Ed Rainer

CPO

https://www.linkedin.com/in/edrainer/?lipi=urn%3Ali%3Apage%3Acompanies_company_people_index%3B04d045d5-dfe7-45b9-878e-3f31e53f69bf

Table

Title
Date
Link

Berkeley Blockchain Xcelerator - SupraOracles presents on Demo Day

December 28, 2021

https://www.youtube.com/watch?v=N6Q5C4g5564

Infobox
Website
https://discord.io/supraoracleshttps://t.me/SupraOracleshttps://twitter.com/SupraOracleshttps://www.youtube.com/channel/UCGuODZTeyjd5fMbT4reqd_w
CEO
Joshua D. Tobkin
Joshua D. Tobkin
CTO
Larron Armstead
Larron Armstead
Discord
https://discord.io/supraoracles
Industry
Blockchain
Blockchain
Telegram
https://t.me/SupraOracles
Twitter
https://twitter.com/SupraOracles

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