Seda co-founders talk about intersection of oracles and multichain

The yr 2022 was not an excellent yr for Cosmos and its imaginative and prescient of inter-blockchain communications (IBC). The collapse of the Luna ecosystem (the most important protocol on Cosmos on the time), pressure between co-founders and a fall within the token’s value all solid a shadow on its future prospects. That stated, initiatives reminiscent of dYdX and cross-chain oracle protocol Seda proceed to name the community house and are adamant about its IBC imaginative and prescient.

Presently, Seda says it allows over 12 million knowledge feeds throughout 24 networks. In an interview with Cointelegraph at EthCC Paris, Jasper de Gooijer and Peter Mitchell, co-founders of the Seda protocol (previously often known as Flux), mentioned the significance of oracles in cross-chain bridges and the way they defend the worth they permit.

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