Brave New Coin Collaborates with Algoracle to Offer Extensive Financial Data to the Algorand Project
Algoracle and Brave New Coin today announced a cooperation that would provide the data, analysis, and research of Brave New Coin to the Algorand environment. Brave New Coin was established in 2014, but has been monitoring bitcoin values since 2010. Brave New Coin has built a consistent categorization system (taxonomy) for cryptographic resources as part of its objective to increase market transparency and value identification process, and has solidified its place as a trustworthy player in the Blockchain sector.
Brave New Coin (BNC) is an evidence and information firm specializing on blockchain and cryptographic assets. BNC was founded in 2014 and serves a worldwide network of market players by providing data, insight, and study. Algoracle is the foremost dynamic, decentralized oracle network based on the Algorand Blockchain. It was created in the autumn of 2021 and was the grand prize winner of Encode’s Algorand Hackathon.
Algoracle is the Algorand blockchain’s initial decentralized oracle network. Algoracle is now on Testnet and is on track to deploy on Mainnet in April. It will serve as a much-needed tool for the Algorand community.
“We are extremely proud to welcome Brave New Coin to the Algorand ecosphere; we believe their past history of offering precise data to the world’s financial markets will be a massive boon to the Algoracle venture and any other endeavor in the environment seeking to create or utilize precise data,” said Abdul Osman, CEO of Algoracle.
This alliance creates a fresh growth potential for all relevant parties, including dApps and programmers looking to use the Algorand Blockchain’s security, quickness, scalability, and cheap transaction costs.
“We were among the first market information distributors and price aggregators for cryptocurrencies, and we created the foremost Bitcoin index, the BLX, which is commonly used as a trustworthy source of information for price discovery by traders and financial experts,” Fran Strajnar, CEO of Brave New Coin, continued.
“We are always delighted to support critical infrastructure such as the Algorand environment and initiatives such as Algoracle that advance market efforts in Blockchain and digital assets, such as industry norms, interconnectivity, derivatives, structured products, DeFi, and oracles.”
Brave New Coin is a trusted data supplier for Chainlink, Band Protocol, Amazon Alexa, Nasdaq, Refinitiv, RIMES, and QuantHouse. Algoracle now makes this comparable high-quality data accessible to dApps on the Algorand Blockchain. Brave New Coin will provide the Algorand ecosystem with market volume-weighted reference rates for more than 6500 market pairings via Algoracle.