Working as a potential decentralized oracle solution for mainstream blockchains, DOS Network has entered into a strategic partnership with Meter, a leading permission-less, fully decentralized stablecoin currency network. The news about the collaboration was broadcasted by DOS Network on its official Twitter page. The post read:
Read our partnership announcement below:https://t.co/WmDwgeOXak
— DOS Network (@DOSNetwork) August 3, 2020
According to the report, Meter and DOS Network will put in their joint efforts to each other’s functionalities, operations, and working by leveraging resources and expertise. As part of the partnership, Meter will infuse DOS Network’s revolutionary decentralized oracle ecosystem into its domain to reap in the best of facilities offered by the oracle solution to its users. The investors using Meter (MTR) owners will be exposed to a robust infrastructure offering highly secured, economical, and reliable data feeds to the consumers.
DOS Network operates as a chain-agnostic layer 2 oracle solution powered with decentralization. It objectifies to integrate real-world data, event, and computation power with smart contracts in a secured, transparent, efficient, trustworthy, and scalable mechanism. The system bridges the gap between on-chain smart contracts and DApps and off-chain data sources along with unmatched computation ability. This helps to bring smart contracts in a mainstream business and making them more usable in real-world problems and products.
The Verifiable Random Function provided by DOS along with threshold signature and token incentive business structures are likely to boost the working capabilities of Meter. By enriching the Meter network with a reliable, secured, and decentralized channel for off-chain data access, DOS Network will enhance the transaction security manifold times for on the platform. It will increase the popularity of the Meter’s DeFi services by uprooting the adaptability and credibility amongst the investors. The users will enjoy enhanced UI/UX services post the integration with DOS.
The partnership will help Meter to increase its share in the trillion-dollar, fast-developing DeFi marketspace. DOS Network will aid Meter in achieving its targets along with the fulfillment of its own objectives and aims for expansion. The partners are devoted to leave notable social impacts together by promoting decentralization and blockchain use in real-world solutions. DOS Network team aspires to aid more DeFi providers in the near future and has urged firms to explore its services.