• An oracle network
NEST - An oracle network

NEST Protocol is a decentralized de facto chain oracle network, which was launched on the Ethereum mainnet in December 2018. It uses a unique "quotation mining" mechanism to ensure that off-chain price facts are generated on the chain synchronously, and NEST-Price price data is directly generated on the chain, which solves the industry problem of lack of price facts on the blockchain. The NEST-Price price data has the characteristics of authenticity, timeliness, security, stability, etc., which can be directly referenced by the DeFi project, providing developers with the factual basis for completing the logically closed loop of the product itself; the NEST Protocol oracle network as Web3 The most important infrastructure in the .0 era will play a huge role in promoting the application of blockchain technology.

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Last updated: Jun 18th, 2020
Submitted: Jul 30th, 2019

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