CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Witnet Integration with Kava

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This integration of Witnet with Kava will bring its entire suit of decentralized oracle services to the Kava network.

Witnet is a decentralized oracle protocol that focuses on providing reliable data to “autonomous” smart contracts — those that require a high degree of tamper resistance and should not leave space for manipulation. Witnet can power most DeFi primitives like price feeds, stablecoins, synthetics, etc., as well as act as a reliable source of randomness for creating uniqueness in NFTs.

Partnership HighLights

To begin with, Kava has developed an essential network within our cryptocurrency ecosystem. They have designed their network to be EVM compatible AND Cosmos SDK **compatible. These execution environments are essential for builders looking to create smart contracts, and the Kava network can scale because of the byzantine fault tolerance consensus mechanism called “Tendermint”

Developers within the Kava ecosystem need access to decentralized and immutable data in order to continue making the important products they’ve been working on. And they’re getting it from Witnet as the deeply distributed network of nodes fulfilling Request-Attest-Deliver tasks have been providing this concretely for years.

Indeed, Kava developers already have access to the suit of offerings that Witnet’s network can provide, like public price feeds, randomness, and HTTPs requests.

This partnership is lucrative to both the communities of Kava and Witnet. Now these communities can integrate, and those building on Witnet have seamless access to Kava’s lightning-fast network, and those working on Kava have access to the trustless and decentralized oracle for all their needs. Hence, both teams are working tirelessly on this integration, and are dedicated to its current and future success.

The partnership with Kava further legitimizes the Witnet network and proves the need for a decentralized oracle service when building smart contracts and decentralized applications that have real-world implications.

Witnet is poised to grow parallel to Kava, and continue providing needed services to a slew of developers looking to help strengthen decentralized finance and other blockchain based applications.

About Witnet

The Witnet protocol enables smart contracts to realize their true potential by giving them access to all sorts of valuable data sets, and by attesting and delivering that information securely thanks to its strong crypto economic guarantees.

Website | Twitter 

About Kava

Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems — Ethereum and Cosmos — into a single, scalable, network.

Website | Twitter 

SOURCE

https://medium.com/witnet/witnet-and-kava-have-officially-integrated-and-why-this-could-change-the-landscape-cdf18546fd86

 

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