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Razor Network

Razor Network is a decentralized oracle network that provides secure and reliable real-world data to smart contracts for various decentralized applications, particularly in the DeFi space. It operates on a Proof of Stake mechanism, utilizing a network of stakers to ensure data is delivered in a fast, robust, and economically secure manner. As a blockchain-agnostic platform, it aims to be a scalable alternative to centralized oracles, mitigating single points of failure.

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Overview

Description

Razor Network is a decentralized oracle platform that provides secure and reliable real-world data to smart contracts. It utilizes a network of stakers operating on a Proof of Stake consensus mechanism, with strict penalties for misbehavior to ensure data integrity. As an end-to-end decentralized solution, it aims to eliminate the single points of failure common in centralized oracles. Key features include a dispute escalation and resolution mechanism to guard against collusion and censorship, automated data fetching for speed, and a scalable, blockchain-agnostic design. Participants can run a Razor node to contribute to the network and earn rewards. The network's block explorer, RazorScan, provides real-time data on network activity, including epochs, stakers, validators, and data feeds.