Razor Network price today, RAZOR to USD live, marketcap and chart | CoinMarketCap

Mục Lục

What Is Razor Network (RAZOR)?

Razor Network is a decentralized oracle network that connects smart contracts with real-world, off-chain data in a quick, robust and secure way. It was launched in 2019. Razor Network’s core component is a set of smart contracts that can run on any Ethereum-compatible blockchain.

Who Are the Founders of Razor Network?

Razor Network was founded by Hrishikesh, an experienced developer, product manager and data scientist. Before founding Razor Network in 2019, Hrishikesh worked as a software engineer at ConsenSys and a senior software engineer at Innominds.

What Makes Razor Network Unique?

Razor Network is a decentralized oracle platform that provides data to smart contracts. It doesn’t depend on centralized servers to feed the information to its supported blockchains, ensuring efficiency, fault-tolerance and a high level of security.

Razor Network focuses on economic security, decentralization, protecting stakers from different vectors of attack and protecting clients from malicious stakers. It also offers ease of use for developers and collusion, censorship and bribing resistance.

RAZOR is the protocol’s native utility token that can be used to pay frees, stake and vote. Staking RAZOR as a user involves the processing of data requests and reporting of information to the network. When staked, RAZOR tokens get locked into a smart contract.

How Is the Razor Network Secured?

Razor Network uses a proof-of-stake (PoS) consensus mechanism to encourage user participation. Loyal stakers are incentivized to keep the platform operational and malicious stakers are punished for reporting incorrect or inaccurate data.