First-party oracles are on-chain entities operated by real world businesses — API providers — to provide services on Web3. Understandably, the primary motivation of the businesses that participate in this ecosystem is to monetize their services. An effective monetization model benefits the first-party oracle solution in two ways: API providers…

We did something uncommon this month, and revealed QRNG without any prior mention. A first-party oracle service being provided on 13 mainnets and 4 testnets, and this being launched on all chains simultaneously is a first, and foreshadows what Airnode will do in the future. There are two main reasons…

We have finalized our audit with Trail of Bits that covers the Airnode protocol v1 — RRP, PSP, relayed-RRP, relayed-PSP and signed data-based usage. All of these protocols are used in our dAPI server contract, and will go into production soon to power Beacons. In addition to the protocol contracts…

Why smart contracts are useless and how to fix that It’s a bold claim that smart contracts are useless, so let me start off by justifying it with a thought experiment, the crypto rapture: Imagine that one day all blockchain technology and knowledge suddenly vanished, and whatever funds people had…

We have released Airnode v0.5, which implements all remaining requirements for Beacons. We’re continuing having our contracts audited in a rolling fashion, and a new preliminary report verifies (for the fourth time) that the v0 protocol contracts do not contain any unintended vulnerabilities. Accordingly, you can expect a v0.6 release…

As discussed in the whitepaper, the goal of API3 is to “build, manage and monetize dAPIs at scale”. In this regard, all of the development that we’ve been doing is because the existing tools fall short of being able to support dAPIs as we envision them. What exactly are these…

We were at ETHDenver and it was glorious! We used this opportunity to showcase Amberdata Beacons, which were received with a lot of enthusiasm and approval. It was encouraging to see that potential users found first-party oracles to make a lot of sense, and gaining widespread adoption is only a…

As explained in the December report, the core technical team carefully started expanding its efforts towards building products that utilize Airnode, in addition to building Airnode itself. Beacons are the first of such oracle primitives, yet “building Beacons” doesn’t say much because a Beacon is an abstract product, and is…

As promised in the November report, we released Airnode v0.3 on December 7th. We started working on v0.4, which is largely focused on revising how the requests are handled to: Enable unlimited scaling (to the point that the cloud provider allows) and chain-specific provisioning of concurrency, which will allow a…