cv-ZAP--2
ZapOracles
Summary
The Zap Oracles Network is made up of validators who support the network by validating off-chain data of price feeds and Forex respectively. The network utilizes a hybrid Proof-of-Work (POW) algorithm as a form of consensus with a staking aspect provided by the validator. The Zap Oracle Network seeks to supply those seeking to use off-chain data needed to execute the terms of their agreements. To accomplish this, Zap organizes a bidding period where contract holders can contribute to pooled bids for specific data requests (e.g. the price of BTC/USD). The five highest-bid pools’ corresponding data responses are then sent to the network of validators who return their estimate of the price.
Tech Stack Used
| Frontend | Backend | Network |
|---|---|---|
| ReactJS | Solidity | Binance Smart Chain |
| TypeScript | Hardhat | Ethereum |
| Figma | Moralis | |
| Webflow |