Supra Oracles Integrates with IOTA EVM to Enhance Data Accuracy

Supra
Oracles
has
officially
integrated
with
the
IOTA
EVM,
a
move
expected
to
significantly
enhance
data
accuracy
and
timeliness
across
a
broad
spectrum
of
distributed
ledger
technology
(DLT)
networks,
according
to
the

IOTA
Foundation
Blog.

Boosting
Data
Accuracy
and
Timeliness

The
integration
aims
to
improve
the
performance
of
decentralized
applications
(dApps)
by
providing
reliable
and
timely
data
feeds.
Supra
Oracles,
known
for
its
high-performance
cross-chain
oracle
services,
will
now
support
the
IOTA
ecosystem,
thereby
enabling
developers
to
create
more
robust
and
reliable
applications
on
the
IOTA
EVM.

Supporting
a
Wide
Array
of
DLT
Networks

This
update
is
poised
to
benefit
a
wide
array
of
DLT
networks,
extending
beyond
just
the
IOTA
ecosystem.
By
integrating
with
IOTA
EVM,
Supra
Oracles
aims
to
offer
enhanced
data
services
that
can
be
utilized
by
various
blockchain
platforms,
thus
fostering
greater
interoperability
and
functionality
within
the
decentralized
finance
(DeFi)
space.

Implications
for
the
DeFi
Ecosystem

The
integration
of
Supra
Oracles
with
IOTA
EVM
is
expected
to
have
far-reaching
implications
for
the
DeFi
ecosystem.
Reliable
data
feeds
are
crucial
for
the
functioning
of
smart
contracts,
and
this
collaboration
aims
to
mitigate
the
risks
associated
with
data
inaccuracy
and
latency.
Consequently,
DeFi
applications
on
the
IOTA
EVM
can
now
operate
with
greater
efficiency
and
security.

Future
Prospects

Looking
ahead,
this
integration
may
pave
the
way
for
further
collaborations
and
innovations
within
the
blockchain
space.
As
the
demand
for
decentralized
applications
continues
to
grow,
the
need
for
accurate
and
timely
data
feeds
will
become
increasingly
critical.
Supra
Oracles
and
IOTA
EVM’s
partnership
marks
a
significant
step
towards
meeting
these
demands,
potentially
setting
a
new
standard
for
data
accuracy
in
the
blockchain
industry.

Image
source:
Shutterstock