DigiOracle

DigiOracle (formerly KlayOracle) is a highly modular blockchain oracle that allows you securely connect your Web3 applications with events, data, and assets from the real world.

DigiOracle, formerly KlayOracle, started during the KlayMaker22 Hackathon on Klaytn and won the Public Goods track in the KlayMakers 22 hackathon. Since that time, we’ve rearchitected the protocol to build out the core technology that powers the DigiOracle for more EVM compatible chains.

Some of our accomplishments since then:

• We have rearchitected the DigiOracle protocol to be more decentralized and scalable to support multiple data providers and node operators. See the documented Architecture Decision Record behind this initiative.
• Launched and tested crypto price feeds on the Klaytn Baobab testnet.
• Recently launched crypto and stock price feeds on Klaytn Cypress mainnet.
• Launched multiple bootstrap data providers, nodes, and 21 data feeds on the Klaytn mainnet.
• Launched multiple bootstrap data providers, nodes, and 21 data feeds on the Mantle testnet.
• DigiOracle’s data explorer dashboard
• Updated website and rebranded to DigiOracle, to expand and support more chains (ongoing) after the completion of other features and launch of our token on Klaytn.
• Publish comprehensive developer documentation

Component of DigiOracle

Data Providers

Data providers are responsible for subscribing to data sources and configuring data feeds and Oracle contracts accessible to end users.

Nodes

Nodes on DigiOracle are responsible for handling computational tasks on behalf of data providers, including data retrieval, filtering, and aggregation.

Data Sources

Verifiable entities that provide real-world data through APIs, hardware, and other channels. DigiOracle uses various methods to ensure data integrity from these sources.

Data Consumers

End users who make use of external data within their smart contracts and decentralized applications.

More details: Architecture - DigiOracle Docs v1.0.1

Features of DigiOracle

1. Crypto Price Feeds
2. Stock Price Feeds
3. Custom HTTP APIs
4. Verifiable Random Numbers

Team Information

Oluwafemi Alofe | Blockchain Engineer

• Blockchain Lead at myco.io, biggest OTT blockchain-powered platform in the Mena region
• 3 years Co-founder of Corpreneur, a fintech company - with 10k customers and $250k transactions processed during its operations.
• 8 years of Software Development background.
• 3 years Crypto Savvy.
• Solidity developer at Protofire, where he worked on the integrations team to integrate Chainlink with other EVM chains.
• Ex- Forbes Accelerator fellow.
• StackShift Fellow.
• Celo Camp Batch 5 Accelerator fellow.

LinkedIn | GitHub | Medium

Paul Oladimeji | Technical Documentation & Open-source Project Management

• Experienced Software Product Manager in Fintech, robotics/AI, edtech, Web3.
• Technical Writer.
• PM at Nestcoin, leading the growth of OnBoard, a non Custodian wallet/exchange processing ~$100k daily.
• Former PM at Popular Robotics (Chinese Robotics & AI company), TeamApt (Nigerian fintech company).
• Defi Talents (Frankfurt School Blockchain Center) Fellow.
• StackShift Fellow.
• Celo Camp Batch 5 Accelerator Fellow.

LinkedIn | GitHub | Medium

Key Links

• Website: https://www.digioracle.link/
• GitHub: DigiOracle (formerly KlayOracle) · GitHub
• Twitter: https://twitter.com/KlayOracle
• Documentation: KlayOracle Documentation - DigiOracle Docs v1.0.1 (WIP)
• Medium: https://digioracle-network.medium.com/

Roadmap

• Deploy 5 (Optimism, Polygon, Mantle, Arbitrium, Celo) more EVM compatible chains by the end of Q4 2023.
• Add more Real World Asset Data feeds by the end of Q4 2023.
• Release DigiOracle SDK for Javascript & Go. For developers to access Data Feeds outside of Smart Contract by the end of Q4 2023.
• Onboard 50 developers to contribute to the protocol via the DigiOracle Champions Program
• Implement payment, rewards, and slashing mechanisms for node operators and data providers
• Onboard 3 - 5 more external dApps each to use DigiOracle on all chains by the end of Q4 2023.

Why another Oracle?

DigiOracle, unlike others, was built to be Modular and straightforward. Two components make up DigiOracle:

1. Data Providers
2. Nodes

While we are still at the early stages of our growth, DigiOracle as a protocol already offers several advantages over existing oracle networks:

1. Real-World Asset Integration: Unlike Oracle protocols, DigiOracle goes beyond standard crypto data feeds. It uniquely supports stock price feeds, enabling applications to offer opportunities to interact with both traditional and digital assets, thus enhancing the ecosystem’s diversity.

2. Decentralization and Customizability: Unlike competitors like Oraclize, which primarily relies on a centralized approach, our modular architecture promotes decentralization. It allows data providers and node operators to contribute to the protocol independently, thus enhancing network security. DigiOracle’s customization options also cater to specific use cases better than more rigid solutions.

3. Eliminate Cheap Data Aggregation: One major problem in the current Oracle landscape is sourcing and aggregating cheap data. With our contemporary approach, many middle data providers all sourcing data mainly from the same source are eliminated, allowing the Data sources themselves, such as Cryptocompare, Yahoo Finance, Polygon.io, Coinmarketcap API, e.t.c, directly run their Data provider, thereby solving the cheap data problem. We know this is a bold move, but it is one in which we are prepared to see through. Also, these provide an avenue for these Data sources providing the APIs to ease into Web3 in an area they already excel in.