Bringing Data To Blockchain

How FLUXNET Brings Data to the Blockchain

Pull-Based Oracle Mechanism

FLUXNET employs a pull-based oracle model, where the data is fetched only when requested by the consumer contract. This approach contrasts with traditional push-based oracles that continuously send data to the blockchain, often leading to inefficiencies and higher costs.

Benefits of Pull-Based Oracles:

• Efficiency: Reduces unnecessary data updates, saving on gas fees.

• Timeliness: Ensures the most recent data is used at the time of request.

• Customization: Allows for specific data requests tailored to the application's needs.

FLUXNET Nodes and Off-Chain Data Aggregation

The FLUXNET network consists of decentralized nodes that are responsible for:

• Listening for Data Requests: Nodes monitor the blockchain for data request events emitted by consumer contracts.

• Fetching Data from External Sources: Upon detecting a request, nodes retrieve the required data from verified external APIs or data providers.

• Data Aggregation and Verification: Nodes may aggregate data from multiple sources to enhance reliability and perform cryptographic verification to ensure data integrity.

• Returning Data to the Blockchain: Nodes send the fetched data back to the oracle contract on the blockchain, which then makes it available to the consumer contract.