On October 26, Binance announced the launch of the Oracle Network for BNB Chain. With it, users can deploy smart contracts on real inputs. The developers noted that the launch of Oracle is essential for the future of Web 3.

At the first stage, the service will be added to 10 applications. The largest of them are Venus, Alpaca Finance and Ankr.

Binance Oracle provides index prices for the most popular cryptocurrencies. Once launched, it should positively impact at least a thousand applications. It is worth noting that the developers promise the security of using this solution, as the network will receive data from several CEXs. In the future, Oracle plans to be integrated into other blockchains.