Saša shared “a smattering of hot takes” about some of the more widely used oracle networks in the space today– including Chainlink, UMA, Tellor, Nest and BAND - decentralization oracles
Saša Milić is uniquely placed to compare oracle networks objectively. On top of being a software engineer and data scientist, Saša is also a co-founder of API3.
While she no longer works full-time at any network, Saša has worked closely with various oracle projects in the last few years; during her presentation at the Blockchain Oracle Summit, Saša shared “a smattering of hot takes” about some of the more widely used oracle networks in the space today – including Chainlink, UMA, Tellor, Nest and BAND. In this article, we’ll guide you through her presentation, sharing key concepts.has a reputation for providing consistently good data.
Chainlink works through a decentralized network of nodes that collect data from reliable sources and aggregate the results on-chain. Chainlink refers to this as “t” because each oracle network, node operator, and the data source is selected in a decentralized way.Chainlink, established in 2017, is well-known for consistently providing reliable price data. Chainlink currently caters to the larger part of the DeFi ecosystem, with a majority of the top DeFi projects using their oracle services.
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