Seda co-founders discuss intersection of oracles and multichain
Oracles enable value, but they are also susceptible to value manipulation; co-founders of Cosmos-based Seda discuss their benefits and how to prevent pitfalls. The year 2022 was not a very good year for Cosmos and its vision of inter-block chain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co -founders and a fall in the token’s price all cast a shadow on its future prospects. That said, projects such as dYdX and cross- chain oracle protocol Seda continue to call the network home and are adamant about its IBC vision. Currently, Seda says it enables over 12 million data feeds across 24 networks. In an interview with Cointelegraph at EthCC Paris, Jasper de Gooijer and Peter Mitchell, co-founders of the Seda protocol (formerly known as Flux), discussed the importance of oracles in cross-chain bridges and how they protect the value they enable. Cointelegraph: How do oracles add value to IBC? Jasper de Goo...
