In-depth analysis of the oracle performance of HashBridge

HashBridge is currently the most commonly used oracle project on the Huobi ecological chain. Since its launch, it has received widespread attention. It has been recognized by the public for the concept of providing the most valuable information for the encrypted world, and the deployment of nodes has been basically completed. It has already started quotation services, laying a solid foundation for the underlying information services of the Huobi ecosystem, and has begun to provide quotation services for many applications, which are running well. HashBridge itself is also trying more cooperation models to expand its ecosystem. With such a hot HashBridge, the public still thinks that this has just begun.

The reason for receiving such great attention and recognition in the industry is inseparable from the design of HashBridge itself. The initial institutional node of HashBridge adopted the invitation system to ensure the authenticity and effectiveness of the information provided, and it will not be long. The community node has also been opened before, allowing the community to participate in the quotation and become a completely decentralized oracle. All data is available on the chain, true and transparent, allowing everyone to participate sincerely.

Compared with other oracle projects, HashBridge has the following five advantages;

1. Decentralization:

In the early stage, well-known institutions in the industry were invited to serve as quotation nodes, and in the later period, the agency nodes were recruited for the entire network to maximize the decentralization of nodes and avoid centralization risks such as node series attacks and price control by giant whales;

2. High security:

The data reported by the nodes are all reported on the chain, which is transparent, verifiable and traceable throughout. This will ensure that the rights, responsibilities and interests of the nodes are equal to meet the security requirements of the data demander;

3. High response speed:

HashBridge chooses to give priority to HECO for data reporting and aggregation. Because HECO's TPS is much higher than Ethereum, and the Gas fee is low, it can achieve high-frequency quotations in seconds;

4. Low cost:

Nodes use HECO for data reporting and aggregation, and the gas fee price will be as low as 1% of the cost of Ethereum;

5. Fair participation and token distribution mechanism:

The community invites and regularly re-elects institutions to participate in the quotation. At the same time, 5 community mining pools are opened to ensure that any users and investors can participate in real time, and the distribution of tokens is fair and just.

HashBridge, like the same type of oracles Chainlink and Network, both provide quotation services, opening up the channel between the chain and the blockchain, and HashBridge is also stepping up the development of random numbers, which can better serve the blockchain world.

HashBridge is an oracle machine based on the Huobi ecological chain. It was deployed in the Huobi ecological chain at the beginning, so it has an advantage in this ecology. There are currently more cooperative applications in the Huobi ecological chain, including Starlink, BXH, HGT and BAG. Is its partner. HashBridge is also seeking more possibilities to empower applications and give the blockchain a richer ecosystem.

Judging from the current development status of all oracles, HashBridge should be regarded as the fastest growing one. It has completed node deployment and quotation services in a short period of time, and has quickly gained market trust, and has cooperated with many applications to provide Own quotation service, relying on its own advantages, has stood out in the comparison of the new generation of oracle machines. Recently, news about the development of random numbers by HashBridge has also been reported. After the successful development of HashBridge random numbers, it will be better to improve the prediction. The function of the machine provides random number services to more applications, and while strengthening itself, it better promotes the development of the blockchain world.

HashBridge is currently the most cutting-edge oracle solution. It is completely decentralized to ensure that everyone who joins can protect their rights and interests. HashBridge uses its advantages to keep moving forward and make its own day on the oracle track.