Equilibria (XEQ) will be used as a local coin to be used in the Equilibria Oracle network for both staking and payments. Smart contract builders can make money using Equilibria (XEQ) as the Equilibria Oracle Network will impose a small fee for each Pythia transaction. Smart contracts can earn additional revenue selling data via the Equilibria Oracle Network.
Equilibria (XEQ) uses the Oracle Nodes to pay Block Rewards as the baseline for data payments. Each Oracle Node is operated by a user that has at least one amount of Equilibria (XEQ) cryptocurrency in his or her wallet.
The oracle node fetches and provides data feeds for the blockchain project. API3 is a single oracle, in which nodes on-chain identities are published via an off-chain means, in order to reinforce the trustworthiness of data provided. The oracle depends on the nodes, which are also collecting the information from various sources.
Because Chainlinks Oracle nodes are capable of delivering data directly to the Blockchain networks on which consumed smart contracts are running, third-party relays are not necessary. Ultimately, this means Chainlinks oracle networks can run directly in each blockchain, providing a local oracle for supporting off-chain resources and computation. Without compromising security, speed, or reliability, the Chainlink network provides a collection of decentralized blockchain-agnostic oracle networks natively integrated to enable hybrid smart contract applications across any framework.
Our native chains can provide any real-world data for smart contracts via our private, blockchain-agnostic, and scalable ecosystem. Privacy Focused As the first privacy oracle in the cryptocurrency space, we enable the ability for smart contracts to safely transmit data.
Equilibria is a platform agnostic towards the Blockchain, meaning that it facilitates interoperability amongst various Blockchain networks like Solana, Cardano, Ethereum, and others, which developers can use for building dApps. Equilibria users claiming to have its own Oracle sidechain, Pythia, are capable of building solutions for any Blockchain issue.
You can easily move your Equilibria(XEQ) onto either a Ledger or a Trezor, and control it using the hardware wallet. What is great about the Equilibria wallet is that in addition to storage, you can stake Equilibria (XEQ. If anything happens to your Equilibria Wallet in future, you can always recover your wallet using this seed phrase.
In addition to other vulnerabilities inside of a projects smart contracts, another weakness will be in the oracle feeding it data. This service level agreement would be enforced across chains, and contain explicit terms that will be digitally signed by both the data-seeker and the oracle providing the service. With FEDs, data requesters could evaluate the past performance of the oracle nodes that have indicated an interest in performing work before making their selection.
