Sui (SUI) launches its own oracle 'Nautilus' mainnet…Strengthening Web3 trust infrastructure
Summary
- Sui (SUI) announced the launch of its self-developed oracle 'Nautilus' on the mainnet.
- Nautilus is said to strengthen the trustworthiness and scalability of the Sui ecosystem by providing tamper-proof and verifiable off-chain computation capabilities.
- With this launch, the use of external data is expected to expand in various DApps and smart contracts.
On the 5th (local time), layer 1 blockchain Sui (SUI) announced via its official X (formerly Twitter) that it had launched its self-developed oracle, 'Nautilus', on the mainnet.
Sui stated that with this launch, it is now able to provide tamper-proof and verifiable off-chain computation capabilities for Web3 applications. An oracle is a core infrastructure technology that brings data from outside the blockchain on-chain, where it is used for things like smart contracts, payments, and token issuance.
The Sui team said, "So far, off-chain computation has acted as a 'bottleneck of trust'," adding, "Nautilus will enhance the scalability and reliability of the entire Sui ecosystem by securely bringing external data on-chain."
Nautilus is integrated into the Sui mainnet and is expected to be utilized in a variety of DApps and smart contracts. This is anticipated to further broaden the range of data utilization within the Sui ecosystem.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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