- CHARLI3 is an open-source decentralised oracle, functioning on the popular Cardano Network
- What makes Charli3 unique is that it was the first to implement an open-source version of Oracle
- Charli3 ended yesterday on a decline falling to US$1.12. A few hours later, it jumped to US$1.22 at approximately midday today
It has been a topsy-turvy week for altcoin Charli3 as the coin rose to great heights before being dumped into the ground and somewhat risen from the ashes today.
Charli3 has benefited enormously from being on the Cardano network, which along with other smart contract-driven blockchains like Polkadot and Solana has seen an influx of new users and investors. This has provided excess competition for Ethereum - the largest altcoin – as they await delays surrounding their Ethereum 2.0 upgrade rollout.
What is Charli3?
Charli3, whose native token is the C3, is an open-source decentralised oracle functioning on the popular Cardano Network. The decentralised platform provides and verifies data for blockchain applications. What makes Charli3 unique is that it was the first to implement an open-source version of Oracle.
Now, you may be wondering: what’s an oracle? A blockchain oracle is any device that connects a deterministic blockchain with off-chain data. In simpler terms, what this means is that an oracle acts as a bridge between a blockchain and data from the outside world.
Like many altcoins, Charli3 is a firm believer in decentralisation and open access to accurate information accessed safely and efficiently.
The contracts and updates will be open to the public. Charli3 will utilise blockchain based rewards for node operators verifying data.
Who Are the Developers of Charli3?
The COO of Charli3 is Robert Hever - a co-creator of a consulting service who has worked with over 50 leadership teams.
He sees Charli3 to be the premier cross-chain Oracle.
The CTO of Charli3 is Jonas Lindgren, a software engineer who aims to architect cross-project interoperability as well as a reliable tamper-proof consensus with Charli3's oracle solution.
Charli3 was launched in June 2021 at a price of US$1.96 before spending over two months in the red.
Then in August, the altcoin shot up tremendously from US$1.90 to an all time high of US$4.18 on August 15.
From there, it enjoyed basking in the green and was rolling along well.
However, September, for the most part, has seen the coin dive from US$2.64 to US$15, where it sits today on September 29, 2021.
Charli3 ended yesterday on a decline falling to US$1.12. A few hours later, it jumped to US$1.22 at approximately midday today.
At the time of writing at 1:29pm, C3 was valued at US$1.15 and was on the rise.