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Razor Network news
About Razor Network
What Is Razor Network (RAZOR)?
Razor Network is a decentralized oracle network that connects smart contracts with real-world, off-chain data in a quick, robust and secure way. It was launched in 2019. Razor Network’s core component is a set of smart contracts that can run on any Ethereum-compatible blockchain.
Who Are the Founders of Razor Network?
Razor Network was founded by Hrishikesh, an experienced developer, product manager and data scientist. Before founding Razor Network in 2019, Hrishikesh worked as a software engineer at ConsenSys and a senior software engineer at Innominds.
What Makes Razor Network Unique?
Razor Network is a decentralized oracle platform that provides data to smart contracts. It doesn’t depend on centralized servers to feed the information to its supported blockchains, ensuring efficiency, fault-tolerance and a high level of security.
Razor Network focuses on economic security, decentralization, protecting stakers from different vectors of attack and protecting clients from malicious stakers. It also offers ease of use for developers and collusion, censorship and bribing resistance.
RAZOR is the protocol’s native utility token that can be used to pay frees, stake and vote. Staking RAZOR as a user involves the processing of data requests and reporting of information to the network. When staked, RAZOR tokens get locked into a smart contract.
How Is the Razor Network Secured?
Razor Network uses a proof-of-stake (PoS) consensus mechanism to encourage user participation. Loyal stakers are incentivized to keep the platform operational and malicious stakers are punished for reporting incorrect or inaccurate data.
Where Can You Buy Razor Network (RAZOR)?
Razor Network (RAZOR) can be traded on the following exchanges:
The live Razor Network price today is $0.004101 USD with a 24-hour trading volume of $70,301.40 USD. We update our RAZOR to USD price in real-time. Razor Network is up 1.61% in the last 24 hours. The current CoinMarketCap ranking is #1238, with a live market cap of $1,346,280 USD. It has a circulating supply of 328,245,504 RAZOR coins and a max. supply of 1,000,000,000 RAZOR coins.
If you would like to know where to buy Razor Network at the current rate, the top cryptocurrency exchanges for trading in Razor Network stock are currently Gate.io, BitForex, MEXC, and Jubi. You can find others listed on our crypto exchanges page.