API3 is a revolutionary decentralized oracle initiative aimed at boosting the dependability and transparency of data services within the Web3 community. Through the provision of dAPIs (data Application Programming Interfaces), API3 acquires data directly from primary data sources on native Blockchains. This innovative method eliminates the necessity for cross-chain bridges, thereby enhancing data reliability and bolstering the security of DeFi applications for users. In addition to dAPIs, API3 also offers supplementary services such as a random number generator based on quantum mechanics and Web3 APIs. The project’s governance is overseen by token holders through an on-chain voting system, ensuring decentralized governance. Stay informed with the most up-to-date financial and business news by visiting COINTURK FINANCE.
