Intro to On-chain Data
Consistency in writing data on-chain at a high frequency is rendered impracticable by the high transaction fees associated with specific blockchains. As a result, numerous initiatives choose to transmit or receive data on-chain exclusively under specific circumstances.
In general, price updates are executed on-chain exclusively upon the detection of a specific percentage deviation in a price (deviation threshold) or following an automated period of time (heartbeat).
A Triple On Chain Data solution was developed with the intention of resolving these particular concerns.
On-chain data is presently accessible via the Polygon, BNB Chain, and Ethereum platforms.
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