Upon Launch, TRON Oracle JustLink Faces Immediate Criticism

Key Takeaways

  • JustLink has gone live on TRON as the blockchain’s first and official oracle platform.
  • Oracles like JustLink are designed to handle price data for exchanges and blockchain apps.
  • Competing projects and their communities claim that JustLink borrows code and concepts from existing work.

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Though CEO Justin Sun called the project TRON’s first-ever oracle, JustLink draws many of its ideas from a previously built oracle on the TRON network called Bridge Oracle.

JustLink Launches on TRON

Developers in TRON’s DeFi ecosystem can use JustLink oracles to retrieve cryptocurrency-related data such as lending prices, stablecoin exchange rates, derivative prices, and market estimations.

That data can, in turn, be used in various blockchain projects, such as decentralized exchanges (DEXes) and synthetic asset platforms.

JustLink oracles will be powered by node providers, who must stake JST tokens as collateral. If the nodes provide incorrect information, the network will penalize node operators and refund the service that requested the data.

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The project has compared itself to Chainlink, which is mainly being used by Ethereum-based DeFi projects at the moment. Chainlink (LINK) is currently the largest oracle token by market cap.

Bridge Oracle Backlash

The announcement has been met with backlash. Hassan Golmohammadi, CTO of another TRON-based oracle called Bridge Oracle, has complained about TRON’s endorsement of JustLink.

He claims that Bridge Oracle was the first oracle on TRON. He also claims that his company discussed marketing with TRON’s team and that JustLink stole aspects of Bridge…

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