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Horizen Labs announced a partnership with Pyth Network, a specialized Oracle solution, on September 19 to deliver decentralized Oracle services for EON, Horizen’s EVM-compatible smart contracting platform. The proposed partnership aims to provide precise and reliable market data on the blockchain for EON. This would enable developers to augment their smart contract functionalities and broaden the potential applications of decentralized finance (DeFi), gaming, and non-fungible token (NFT) platforms. Horizen’s EON is a smart contracting platform that is compatible with the Ethereum Virtual Machine (EVM). It empowers developers to construct blockchains that are highly customizable, offering flexibility in several aspects such as consensus mechanisms, transaction processing speed, privacy Features , and crypto-economies. By incorporating Pyth Network’s decentralized oracle services, EON will be able to get dependable market data, hence enabling a wide range of DeFi i...

Google Cloud Oracle was announced as the official verification system for data sent between blockchains using LayerZero’s omnichain interoperability protocol. LayerZero Labs, the entity behind on -chain messaging platform LayerZero, unveiled a partnership with Google Cloud to bolster security for data sent across different standalone blockchain networks. According to a Sep. 12 press release, LayerZero will onboard Google Cloud’s Oracle technology to verify and attest all blockchain messages broadcasted via LayerZero’s omnichain interoperability protocol. Furthermore, the Google Cloud Oracle will become LayerZero’s default validation system starting Sept. 19. The Oracle is available to all LayerZero decentralized applications (dapps) as of press time, according to the protocol. In the blockchain ecosystem, oracles are third-party services that bridge smart contracts to off -chain information sources and vice versa. The Google Cloud oracle is meant to serve as the https of cros...