🔮Decentralized Oracle Network (DON)

Decentralized applications—whether financial, predictive, or enterprise—require access to verifiable off-chain data to execute logic reliably and minimize reliance on manual intervention. Without this, decentralized systems on Bitcoin cannot scale. Traditional finance depends on providers like Bloomberg and Refinitiv to supply real-time data for pricing, benchmarking, and risk modeling. In decentralized ecosystems, similar data is necessary for stablecoins, lending, asset tokenization, and derivatives. Torram’s decentralized oracle network serves as the bridge between Bitcoin and off-chain data sources.

Key Functions of Torram Oracles:

- Tamper-Proof Data Feeds: Provides immutable and verifiable data for decentralized applications on Bitcoin.

- Multi-Source Validation: Aggregates data from multiple trusted sources to enhance accuracy and resilience against manipulation.

- Mathematical Data Modeling: Uses Volume-Weighted Average Price (VWAP) and other models to reduce outliers and provide dependable data references.

- On-Chain Timestamping: Commits data directly to Bitcoin, providing a transparent and auditable record for compliance and reporting.