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Is an innovative blockchain project that creates a bridge between blockchain networks and external data sources. It aims to solve the issues of traditional oracle systems, which often suffer from centralization and failure risks. Seda offers a scalable, secure, and decentralized solution for data transmission, allowing any source to provide data to any network.
Key issues addressed by Seda:
Centralization of oracles, creating a single point of failure.
Scalability limitations in processing large data volumes.
Lack of security mechanisms to protect against fake data.
Uses a decentralized network of nodes to ensure secure and efficient data flow between different sources and blockchain networks. Nodes operate independently, verifying and transmitting data, ensuring the system's reliability and resilience.
Key technologies used by Seda:
Decentralized Oracles: Nodes process and verify data, ensuring its authenticity.
Scalable Architecture: The system can efficiently handle large data volumes.
Modular Approach: Easily integrates with various blockchain networks and data sources.
Main advantages offered by Seda include:
Scalability: The network can handle large data volumes, making it suitable for large projects and applications.
Security: Decentralization and data verification mechanisms provide a high level of security and protection against fake data.
Decentralization: Eliminates risks associated with centralized data providers, ensuring system stability and reliability.
Modularity: Support for different blockchain networks and easy integration make Seda a flexible solution for many use cases.
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