Seda co-founders talk about intersection of oracles and multichain

The 12 months 2022 was not an excellent 12 months for Cosmos and its imaginative and prescient of inter-blockchain communications (IBC). The collapse of the Luna ecosystem (the largest protocol on Cosmos on the time), rigidity between co-founders and a fall within the token’s worth all forged a shadow on its future prospects. That mentioned, tasks resembling 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 permits 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 generally known as Flux), mentioned the significance of oracles in cross-chain bridges and the way they defend the worth they allow.

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