What is Bridge Oracle (BRG) alternative to Chainlink? Is the future promising?

What is Bridge Oracle (BRG), which provides oracle service to decentralized finance applications (DeFi) traded on the Tron blockchain? Can it be an alternative to Chainlink?

What is Bridge Oracle (BRG) alternative to Chainlink?

Chainlink (Link) has a technological infrastructure that allows data flow between blockchains or from the real world to blockchains.. This technological infrastructure owned by Chainklink is in demand from both the real economy and the crypto money industry.

For example, companies from the real economy that want to track their input via blockchain purchase technical support service from Chainlink.. Similarly, many DeFi platforms receive support from Chainlink in order to transfer price information to DeFi applications in crypto money markets.

Please See: Chainlink news, agenda and last minute developments

In short, Chainlink brings fintech solutions for both the real economy and crypto money markets and is in serious demand.. This process causes Chainlink’s cryptocurrency Link to gain value.. In the chart below, we see the change in Link prices.

Prices, which were below $2 at the beginning of 2020, exceeded $36 on February 20, 2021, breaking an all-time record.. The link is trading at $27 at the time of writing.

Over time, we are witnessing the introduction of new projects that appeal to the area Chainlink addresses, that is, offering oracle service.. One of these projects is Bridge Oracle (BRG). Bridge Oracle plans to offer Chainlink’s fintech solutions to DeFis traded on the Tron blockchain.. The growth and expansion of this next generation technology will naturally lead to the appreciation of projects such as Bridge Oracle and Chainlink.. Therefore, Bridge Oracle is promising.

In the chart below, we see the change in BRG coin prices, the cryptocurrency of Bridge Oracle.. Launched last September, BRG became prominently traded cryptocurrency after February 2021. BRG is trading at $0.258 at the time of writing.

Bridge Oracle is ranked 200th on CoinMarketCap.

Source

What is Bridge Oracle (BRG)?

Bridge Oracle is a project that provides oracle service to DeFi (decentralized finance) applications traded on the Tron blockchain.

In short, it does what Chainlink tries to do and appeals to the market it appeals to..