API3 is a groundbreaking decentralized oracle initiative that aims to enhance the dependability and transparency of data services within the Web3 ecosystem. Through the provision of dAPIs (data Application Programming Interfaces), API3 directly acquires data from primary data providers on native Blockchains. This innovative approach eliminates the requirement for cross-chain bridges, thereby boosting data reliability and fortifying the security of DeFi applications for users. In addition to dAPIs, API3 extends its offerings to include supplementary services such as a random number generator derived from quantum mechanics and Web3 APIs. The governance of this project is overseen by token holders, who exercise decentralized control through an on-chain voting mechanism. Stay up to date with the latest financial and business news by visiting COINTURK FINANCE.
