According to Foresight News, ALEX, a one-stop Bitcoin DeFi service platform, has released the alpha version of its Bitcoin oracle. The oracle was developed in collaboration with Domo, BIS, Hiro, UniSat, Xverse, and Xlink. BRC20 transfers and balances can be verified through smart contract-based consensus between BIS, Hiro, and UniSat. The indexer performance dashboard is now accessible on the Bitcoin oracle network. Xverse and Xlink will serve as the primary development and testing partners.
The Bitcoin oracle alpha version is expected to complete its testing phase by the end of the first quarter of 2024, with a full launch encouraging community members to participate in running indexer nodes and verifying BRC20 events.