About Berry Data :
Berry Data is a transparent community-verified price oracle on BSC(Binance Smart Chain). Berry Data provides a trustless and decentralized alternative for off-chain data. Also, it provides the infrastructure for decentralized applications to query off-chain data by properly incentivizing miners to provide data. Berry Data is an oracle system where parties can request the value of an off-chain data point and miners compete to add this value to an on-chain data-bank, accessible by all apps on Binance Smart Chain (BSC). The inputs to this data-bank are secured by a network of staked miners. BERRY utilizes crypto-economic incentive mechanisms, rewarding honest data submissions by miners and punishing bad actors, through the issuance of Berry’s governance token, BRY, and a dispute mechanism. One of the biggest hurdles limiting the potential applicability of smart contracts is a lack of a trustless source of off-chain data. Berry Data aims to fill this gap with an on-chain data feed where data is inputted by a permissionless network of crypto-economically incentivized data providers.
Click here to know more about Berry Data.
Fo through the BerryData whitepaper here.