Cryptocurrency Q&A
Is Defi Oracle meta a crypto network?
Is Defi Oracle meta a crypto network?
Martino
Sun Jun 23 2024
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6 answers
1749
Could you please clarify whether Defi Oracle Meta is indeed a cryptocurrency network? There seems to be some confusion in the industry as to whether it falls under the umbrella of decentralized finance, or Defi, projects. Some suggest it's a platform that provides data and insights into the crypto market, while others claim it's a full-fledged blockchain network with its own token. Could you elaborate on its core functionalities and how it differs from other similar projects in the crypto space? Your insights would be greatly appreciated.
6 answers
Giulia
Mon Jun 24 2024
The Ethereum (ETH) used on this network is authentic, similar to any Ethereum Virtual Machine (EVM) chain. The network is a fork of the Ethereum blockchain, inheriting its core functionality and security.
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TopazRider
Mon Jun 24 2024
Upon releasing the information on Reddit, the README.md file for the Defi Oracle project on github.com/defi-oracle was updated to clarify certain details.
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KimonoGlory
Mon Jun 24 2024
Despite being a fork of Ethereum, the Defi Oracle Meta Mainnet does not support any cryptocurrency. This is a key distinction that sets it apart from other blockchain-based networks.
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HanRiverWave
Mon Jun 24 2024
Furthermore, the network is not open to the general public. It is designed for specific use cases and participants, as outlined in the contractual agreements between the INGO and IGOs.
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Chiara
Mon Jun 24 2024
It was stated that the Defi Oracle Meta Mainnet is not a traditional "crypto" network. This clarification was made to distinguish its operational model from conventional cryptocurrency networks.
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