Konami Network Announces A New And Improved $KONO Oracle, Prometheus.

The Oracle is a mechanism to write information outside the blockchain into the blockchain itself. Its function is to write external information into the blockchain and complete the data connection and exchange process between the blockchain and the real world.

It allows confirmed smart contracts to react to the external world which is full of uncertainties and is the only way for smart contracts to interact with the external world for data. Also, it acts as the interface between the blockchain and the real world for data interaction. Thus, it can be said that Oracle plays a decisive role in determining the success of a DeFi product.

About Konomi Network

Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem. Users could manage their crypto holding positions, trade assets, and earn interest through decentralized money market products. Konomi also issues its native network token in order to kick start liquidity and decentralized governance.

➡️Source:
https://konomi-network.medium.com/mastering-the-core-technology-15796a8b1e23