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The Importance of Reliable Data in Blockchain: How ftso.eu Pioneered Decentralized Oracles on Flare

the blockchain world, data reliability is the backbone of smart contracts and decentralized applications (dApps). Without accurate and trustworthy data, on-chain finance would be exposed to manipulation, inefficiencies, and security risks.

At ftso.eu, we recognized this challenge early on. As the first operator to launch on Flare Network, we laid the foundation for today's decentralized oracle ecosystem, setting new standards for data integrity in Web3.

As a pioneer of the Flare Time Series Oracle (FTSO), we have played a pivotal role in shaping Flare’s infrastructure, helping establish the network as a trusted source of decentralized financial data. Our mission is to deliver highly accurate, real-time price feeds for crypto assets and other key financial metrics through a transparent and decentralized aggregation system.

How We Ensure Data Accuracy

Our system is designed to aggregate and process real-time market data with unmatched precision. Our dedicated servers continuously fetch price data from over 20 top exchanges, ensuring a broad and diverse dataset. This raw data is then weighted and processed using advanced algorithms that factor in liquidity, market conditions, and outlier detection.

By applying this multi-source aggregation approach, we provide the most accurate representation of the true market price, minimizing price manipulation risks and enhancing data integrity for smart contracts and dApps.

A Trusted Oracle in the Web3 Space

Backed by cutting-edge technology and deep expertise, we have built a strong reputation as one of the most reliable data providers in the decentralized ecosystem. Our 20,000+ Twitter followers reflect the trust we have earned from the community and our commitment to delivering tamper-proof financial data.

Being the first operator on Flare Network is more than just a milestone—it’s a responsibility. Decentralized oracles are the foundation of on-chain finance, and ensuring their reliability is crucial for the future of DeFi.

If you're interested in how decentralized oracles shape the blockchain economy, stay tuned for more insights and Follow up with a Delegate and Staking move!