Skrumble Network V2 (SKM) API and Price Oracle

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Skrumble Network V2

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Skrumble Network V2 (SKM)?

Skrumble Network V2 (SKM) is a blockchain-based communication platform that aims to provide secure and decentralized communication services. It was founded in 2017 by Eric Lifson and Lisa Cheng. The network allows users to make encrypted voice and video calls, send messages, and share files without relying on traditional centralized communication providers. SKM's mission is to empower users with control over their own data and privacy.

How does Skrumble Network V2 work?

Skrumble Network V2 is built on blockchain technology, specifically using the Ethereum blockchain. It aims to provide a decentralized communication platform where users can securely send messages, make voice and video calls, and share files.

The underlying technology behind Skrumble Network V2 is based on smart contracts. These smart contracts are self-executing agreements that automatically enforce the terms and conditions of interactions within the network. They ensure that all transactions and communication on the platform are trustless, transparent, and verifiable.

The Skrumble Network V2 protocol utilizes the power of blockchain to ensure privacy and security. It leverages encryption techniques to protect user data and communication from unauthorized access. By encrypting messages and calls, only the intended recipients can decipher and access the content.

Additionally, Skrumble Network V2 establishes decentralized identifiers (DIDs) for users. These DIDs eliminate the need for centralized authorities to authenticate and verify user identities. Instead, the blockchain verifies and validates user identities, making the platform resistant to censorship and tampering.

Furthermore, Skrumble Network V2 utilizes a staking mechanism to secure the network and incentivize users. Participants can stake SKM tokens, the native cryptocurrency of the Skrumble Network, to support the network's operations and earn rewards.

Overall, Skrumble Network V2 leverages blockchain technology to create a decentralized communication platform that prioritizes security, privacy, and user ownership of data. By utilizing Ethereum as its underlying blockchain, it ensures the integrity and transparency of user interactions within the network.

What are the benefits of Skrumble Network V2?

Skrumble Network V2 offers several benefits that differentiate it from its direct competitors. One key advantage is its focus on privacy and security. Skrumble Network V2 incorporates end-to-end encryption and decentralized storage, ensuring that user communications are secure and private. This sets it apart from competitors such as Telegram and WhatsApp, which have faced privacy concerns in the past.

Another notable benefit of Skrumble Network V2 is its scalability. The network is designed to handle high volumes of transactions and support large user bases without compromising on performance. This puts it ahead of competitors like Cosmos and Polkadot, which have faced scalability challenges due to their architecture.

Additionally, Skrumble Network V2 stands out for its interoperability. The platform aims to connect different blockchain networks, allowing users to seamlessly interact across multiple platforms. This makes it more versatile compared to competitors like Ethereum and EOS, which are limited to their respective ecosystems.

Furthermore, Skrumble Network V2 emphasizes community governance. The platform allows token holders to participate in decision-making processes, giving them a sense of ownership and control. This sets it apart from competitors like Facebook's Libra, which has faced criticisms regarding centralized control.

In summary, Skrumble Network V2 offers a range of benefits compared to its direct competitors. These include enhanced privacy and security, scalability, interoperability, and community governance. Combining these features, Skrumble Network V2 aims to provide users with a secure, scalable, and inclusive communication platform.

What is Skrumble Network V2 used for?

Skrumble Network V2 is a blockchain-based communication protocol that aims to provide users with secure and decentralized communication solutions. It offers a range of functionalities and features that can be utilized in various scenarios.

One common use case for Skrumble Network V2 is in the field of decentralized finance (DeFi). With its secure and tamper-proof nature, Skrumble Network V2 can facilitate communication between different DeFi platforms, enabling seamless integration and collaboration. This can help in improving transparency and efficiency within the DeFi ecosystem.

In addition to DeFi, Skrumble Network V2 can also be utilized in supply chain management. By leveraging its decentralized communication features, businesses can effectively communicate with different stakeholders in the supply chain, such as manufacturers, distributors, and retailers. This can lead to better coordination, real-time updates, and increased trust between all parties involved.

Another specific case where Skrumble Network V2 can be beneficial is in the healthcare industry. By utilizing its secure messaging and data transfer capabilities, healthcare providers can securely communicate with patients, share sensitive medical information, and ensure data privacy. This can streamline the process of exchanging information between healthcare professionals and enhance the overall patient experience.

Overall, Skrumble Network V2 is a versatile communication protocol that can be applied in various domains. Its decentralized and secure nature makes it a compelling solution for industries looking to enhance communication, collaboration, and data integrity.

What is DIA's Skrumble Network V2 API?

DIA's Skrumble Network V2 API is a powerful tool that provides real-time price feeds of various cryptocurrencies and NFTs. These price feeds are constructed using raw data sourced from over 85 on-chain and off-chain exchanges, resulting in highly accurate and reliable information. DIA stands out from other web3 data providers by offering a level of data quality and diversity that is unmatched.

In terms of accessibility, DIA offers both free API endpoints for developers to test and fully customizable, custom feeds. The free API endpoints can be found on the asset's detail page in the DIA App and are provided purely for informational purposes. They come in a standardized format and offer a simple way for developers to experiment with the data.

However, the true power of DIA's API lies in its custom feeds. These custom configurations can be tailored to individual needs, allowing users to customize the sources, methodologies, update mechanisms, and more. DIA focuses on delivering dedicated API price feeds that align with specific requirements. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's API has a wide range of use cases within the blockchain ecosystem. In the DeFi space, it can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi sector, it can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other applications.

Overall, DIA's Skrumble Network V2 API offers developers and users the opportunity to access high-quality, real-time price data for cryptocurrencies and NFTs. From free endpoints for testing to fully customizable custom feeds, DIA provides a comprehensive solution to meet diverse data requirements within the blockchain ecosystem.

What is DIA's Skrumble Network V2 price oracle?

DIA's Skrumble Network V2 price oracle is a smart contract designed to provide real-time price feeds for crypto assets. DIA stands out by offering integration with over 35 layer 1 and layer 2 networks, allowing the deployment of price oracles across various blockchains. The comprehensive data for DIA's price feeds is sourced from billions of trades across more than 85 on-chain and off-chain exchanges, ensuring accurate and reliable information.

While DIA offers demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also provides a solution for users who require custom-configured feeds. These custom price oracle data feeds can be tailored according to specific needs, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have diverse use cases within the blockchain ecosystem, particularly in the realms of DeFi and NFTfi. In the DeFi space, DIA's price information can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in the NFTfi sector, the oracles enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many other applications.

In the context of blockchain technology, an oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles like DIA play a crucial role in bridging the gap between decentralized applications and real-world data by securely and reliably delivering accurate information to smart contracts.

Why use DIA's SKM API & price oracle?

DIA's SKM API and Price Oracle offer numerous benefits for users in the blockchain ecosystem. These technologies provide accurate and reliable price data for cryptocurrencies and NFTs. The key advantage of utilizing DIA's API or Price Oracle for a specific token is the high level of customization available. Users can tailor each oracle and API endpoint to meet the unique requirements of decentralized applications.

Customization options include configuring data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the price feed. This ensures that the data and oracle remain robust and resilient in various market conditions, providing both global market and specific individual or cross-chain market prices.

A notable benefit of DIA's API and Oracle feeds is the transparency they offer. Users can access full and granular transparency throughout the entire data journey. Furthermore, DIA provides tracking and monitoring tools to closely monitor these feeds.

Overall, DIA's SKM API and Price Oracle provide accurate, customizable, and transparent solutions for accessing price data in the blockchain ecosystem.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.