What is Orcfax

Article Summary, Automatically Generated By AI

About Orcfax Summary

  • Orcfax is a decentralized oracle service that publishes real-world event data to the Cardano blockchain.
  • Data is available to on-chain smart contracts in Cardano’s eUTXO native format using the Cardano Open Oracle Protocol (COOP).
  • Orcfax archives standards-compliant audit logs for data collection and validation on Arweave.org or via the “Fact Explorer” app.
  • Oracle data is marked up using fact-checking vocabularies, ensuring authenticity and accuracy.

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About Orcfax

In the realm of digital assets, Orcfax emerges as a trailblazing entity, poised to revolutionize the landscape of cryptocurrency trading.

Orcfax is a decentralized oracle service that disseminates real-world event data to the Cardano blockchain, thereby making it accessible to on-chain smart contracts in Cardano’s native eUTXO format via the Cardano Open Oracle Protocol (COOP).

Orcfax meticulously archives standards-compliant audit logs for all its real-world data collection and validation processes. These logs are readily accessible on the permissionless Arweave.org decentralized storage network or via our proprietary “Fact Explorer” application. Furthermore, the oracle data published by Orcfax is annotated using fact-checking vocabularies, thereby facilitating effortless verification of its authenticity and accuracy, and rendering it more trustworthy and repurposable than conventional oracles.

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