Abstract
Cryptocurrency since it was first launched in 2009 until now has experienced significant development. The cryptocurrency market, which was not taken into account at first, has now turned into a highly capitalized market. This is proof that the cryptocurrency market is very potential and has opportunities to develop in the future. However, we cannot deny that there are many problems in the cryptocurrency market, such as fees, performance, security, and several other problems. Seeing this, Binance presents a blockchain technology, namely the Binance Smart Chain. This blockchain technology is considered reliable and able to overcome various problems in the cryptocurrency market, such as fees, performance, or security. Binance smart chain is not only reliable, but it is also supported by a great platform that is Binance, the most popular exchange on the crypto market today.
And IEON is a decentralized oracle network on the binance smart chain that will provide off-chain data to the binance smart chain. IEON will be a bridge that will connect the two worlds, the blockchain world, and the real world. IEON which is a decentralized network of oracles enters every data input through an external transaction. By providing off-chain data like this, it is possible for BSC which is a blockchain to contain all of the information required to verify itself.
Decentralized Oracle Network
If you are a crypto user then you know that blockchain is the technology that is the "backbone" of cryptocurrency. Blockchain is a technology that plays a role in the process of recording transaction data and storing it in a decentralized ledger that does not allow any party to manipulate it. However, blockchain technology has a drawback, namely, blockchains alone can't access outside data, so that in the verification process problems often occur. And to overcome this, the decentralized oracle network exists as a group of independent blockchain oracles that provide data to a blockchain, so that the blockchain can verify itself.
This is the role of IEON, as part of the group of independent blockchain oracles which will provide off-chain data to blockchain technology, namely the binance smart chain. IEON will act as a decentralized oracle network that will provide reliable off-chain data to the binance smart chain. A solution like this allows the binance smart chain to be able to verify itself.
IEON will act as a "bridge" that will connect the world, the blockchain world, and the real world by providing reliable off-chain data to the binance smart chain. IEON will enter every input data via external transactions and thus we can be sure that the binance smart chain has all the information needed to verify itself.
IEON Features
IEON is the Oracle for binance smart chain, which will provide reliable off-chain data efficiently and quickly. IEON helps binance smart chain in the verification process, so it can avoid various problems that may arise in the verification process. But not only that, IEON users, can also maximize their profit on the cryptocurrency market by staking IEON tokens. Following are the IEON features:
Get rewards: Users can become IEON liquidity providers and get rewards according to their participation.
Governance: Liquidity providers or token holders can participate in the government of IEON by voting.
Easy Integration: IEON can be integrated easily by developers.
BSC Ecosystem: IEON is built on the BSC ecosystem which is considered reliable, safe, and has high performance.
Smart-contract: All transactions will be secured by a smart-contract.
Reliable Data: IEON provides reliable off-chain data for the binance smart-chain.
Staked Miners Network: Allows users to become miners by stake their IEON tokens.
Community verified: IEON is supported by a verified community.
To conclude
Blockchain is the "backbone" of cryptocurrency that plays a role in recording transactions. But there are times when the transaction verification process has problems, if the API that was called could have changed, been depreciated, hacked, which will get different results. IEON is a decentralized oracle network built for the binance smart chain. IEON will be transparent and decentralized oracles on the BSC that will provide off-chain data for the binance smart chain. So that IEON will become a bridge that will connect the blockchain world and the real world, providing reliable off-chain data to the binance smart chain. With IEON, the binance smart chain contains all the information required to verify itself.
Connect with IEON
WEB: https://ieon.io/
TWITTER: https://twitter.com/ieon_oracle
