{"id":69163,"date":"2022-10-27T09:58:39","date_gmt":"2022-10-27T06:58:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69163"},"modified":"2025-09-07T18:20:50","modified_gmt":"2025-09-07T15:20:50","slug":"binance-unveils-blockchain-oracle-service-for-bnb-chain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-unveils-blockchain-oracle-service-for-bnb-chain\/","title":{"rendered":"Binance unveils blockchain oracle service for BNB Chain"},"content":{"rendered":"<p>The cryptocurrency exchange Binance launched the Binance Oracle service, which will connect decentralized applications on BNB Chain with real-world data.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> is officially launching its oracle service!<\/p>\n<p>Binance Oracle will play an important role in the blockchain ecosystem, bringing external data on-chain.<\/p>\n<p>Find out more \u2b07\ufe0f <a href=\"https:\/\/t.co\/thuudvOREF\">https:\/\/t.co\/thuudvOREF<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1585330514600378403?ref_src=twsrc%5Etfw\">October 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Developers plan to integrate blockchain oracles with other networks.<\/p>\n<p>So far, the service is used by ten <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span> on BNB Chain.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Binance Oracle will be an important component in<\/em><a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\"><em> Web3<\/em><\/a><em>, offering a stable, reliable and efficient network of oracles with comprehensive precision and availability features,&#8221;<\/em> \u2014 said Gwendolyn Regina, Director of Investments at BNB Chain.<\/p>\n<\/blockquote>\n<p>Threshold signatures are used to securely transmit data streams into Binance Oracle.<\/p>\n<p>As a reminder, on 12 October the BNB Chain team<a href=\"https:\/\/forklog.com\/en\/news\/bnb-chain-to-hard-fork-after-100-million-hack\"> carried out an upgrade<\/a> of the network as a \u201chotfix\u201d after<a href=\"https:\/\/forklog.com\/en\/news\/bnb-chain-team-restores-network-after-100-million-hack\"> the cross-chain bridge hack of the BSC Token Hub for $100 million<\/a>.<\/p>\n<p>In September, developers<a href=\"https:\/\/forklog.com\/en\/news\/bnb-chain-to-launch-zero-knowledge-scaling-solution\"> launched zkBNB<\/a> based on<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-zero-knowledge-proof\"> zero-knowledge proofs<\/a>. The team expects that the blockchain will host innovative projects in the fields of<a href=\"https:\/\/forklog.com\/en\/news\/what-is-gamefi\"> GameFi<\/a> and social networks.<\/p>\n<p>Binance CEO Changpeng Zhao in July<a href=\"https:\/\/forklog.com\/en\/news\/changpeng-zhao-reveals-binance-ecosystem-metrics-on-fifth-anniversary\"> said<\/a> that since 2020 BNB Chain has processed over 2.4 billion transactions. The network hosts more than 1,200 projects.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance launched the Binance Oracle service, which will connect decentralized applications on BNB Chain with real-world data.<\/p>\n","protected":false},"author":1,"featured_media":69164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Binance launches Binance Oracle to connect BNB Chain with real-world data.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1389,1307],"class_list":["post-69163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-blockchain-oracles","tag-bnb-chain"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"Binance launches Binance Oracle to connect BNB Chain with real-world data.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/69163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=69163"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/69163\/revisions"}],"predecessor-version":[{"id":69165,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/69163\/revisions\/69165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/69164"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=69163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=69163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=69163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}