SIGNUM Oracle
DeFi for PulseChain
Signum is a decentralized oracle protocol designed to securely bring on and off-chain data into smart contracts on the blockchain. By leveraging a network of reporters, economic incentives and a robust dispute system, Signum ensures that the data your smart contracts rely on is accurate, timely, and tamper-proof.
Watch the 5 minute explainer video HERE.
What SIGNUM Can Do?
The Signum Protocol in Action
Signum operates through a network of miners who compete to provide the most accurate data to the blockchain. These miners solve a Proof-of-Work challenge and stake Signum tokens as collateral, ensuring that they have a vested interest in providing honest data.
Once submitted, the data is available for dispute by any participant in the network. Disputes are resolved through a decentralized voting process, with rewards for those who successfully identify incorrect data. This system creates a robust, secure, and decentralized data feed for your smart contracts.
Decentralization:
Powered by a global network of miners, Signum ensures that no single entity controls the data feed, reducing the risk of manipulation.
Security:
With Proof-of-Work and staking mechanisms, Signum protects against malicious data submissions, ensuring integrity through economic incentives.
Customizable Data Requests:
Request any off-chain data you need, from price feeds to weather data, tailored specifically to your decentralized application.
Transparency:
Every data submission, dispute and resolution is recorded on-chain, offering complete transparency and verifiability.
Community Governance:
Signum token holders can actively participate in the governance of the protocol, influencing key decisions and future development.
On Chain Random Numbers
Signum has a built in fully decentralized on chain random number generator which is highly secure and tamper proof.
Why Use SIGNUM?
Empower Your Smart Contracts with Reliable Data
Signum is the ideal solution for any decentralized application that requires off and on chain data. Whether you need accurate price feeds for DeFi platforms, weather data for agricultural insurance smart contracts, or any other form of external information, Signum provides a secure and reliable oracle solution that you can trust.
Community-Driven Governance
The future of Signum is in the hands of its community. Signum token holders play a crucial role in shaping the protocol, from voting on disputes to proposing and deciding on protocol upgrades. This decentralized governance model ensures that Signum evolves in a way that benefits its users and aligns with the values of the broader blockchain ecosystem.