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The decentralized oracle based on StarkNet, Epic Network, was renamed Pragma Network

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On March 22, it was announced that the StarkNet based decentralized oracle, Epic Network, was renamed Pragma Network, and specific application L3 will be deploy

The decentralized oracle based on StarkNet, Epic Network, was renamed Pragma Network

On March 22, it was announced that the StarkNet based decentralized oracle, Epic Network, was renamed Pragma Network, and specific application L3 will be deployed on StarkNet (Pragma V2) this year.

The decentralized oracle based on StarkNet, Epic Network, was renamed Pragma Network

I. Introduction
A. Explanation of Pragma Network and Epic Network
II. Background of Epic Network
III. The Announcement of the Renaming of Epic Network to Pragma Network
IV. Overview of Pragma Network
V. The Deployment of L3 on StarkNet (Pragma V2)
VI. Benefits of Pragma Network
VII. Challenges and limitations
VIII. Future prospects
IX. Conclusion
A. Recap of key points
X. FAQs
#Article
On March 22, it was announced that the StarkNet-based decentralized oracle, Epic Network, was renamed Pragma Network, and specific application L3 will be deployed on StarkNet (Pragma V2) this year. This announcement generated significant interest in the blockchain community, with many wondering what the implications of this development are. In this article, we will explore the background of Epic Network, the renaming of the network to Pragma Network, and what we can expect from the deployment of L3 on StarkNet (Pragma V2).
##Background of Epic Network
Epic network is a decentralized oracle platform that connects blockchain applications with off-chain data. It was developed by StarkWare Industries, an Israeli blockchain firm with a focus on scaling blockchain technology. Epic network leverages the StarkEx scalability engine to ensure fast, efficient, and trustless data delivery for blockchain applications.
##The Announcement of the Renaming of Epic Network to Pragma Network
On March 22, StarkWare Industries announced it was rebranding Epic Network to Pragma Network. The new name represents a more mature and comprehensive product offering that the company has developed since the inception of Epic Network. Moreover, it reflects a shift in the network’s direction to focus more on advanced functionality, which includes the deployment of L3 on StarkNet.
##Overview of Pragma Network
Pragma Network is a decentralized oracle platform that allows applications to access off-chain data. It is designed to provide fast, low-cost, and secure data delivery to blockchain-based applications. The platform leverages advanced cryptography and computational techniques to ensure that off-chain data can be trusted by blockchain applications. Pragma Network also integrates with blockchain networks, such as Ethereum, to ensure seamless data transmission between on-chain and off-chain platforms.
##The Deployment of L3 on StarkNet (Pragma V2)
L3 is an advanced feature that allows smart contracts to access a wider range of off-chain data, including real-world data, without incurring significant transaction costs. This feature enhances the capability of blockchain applications to interact with the real world, creating endless possibilities for innovation. L3 will be deployed on StarkNet (Pragma V2) this year, which will make the network more powerful, efficient, and scalable.
##Benefits of Pragma Network
Pragma Network offers several benefits to users, including fast, low-cost, and secure data delivery, seamless integration with blockchain applications, and enhanced functionality through features such as L3. The platform is also scalable, which means it can accommodate a growing number of users and transactions.
##Challenges and limitations
One of the primary challenges facing Pragma Network is the issue of data quality. Since Pragma Network relies on off-chain data, it must ensure that this data is reliable and accurate. This requires robust security measures, advanced cryptography, and vigilant monitoring.
Another limitation of Pragma Network is the requirement for users to trust the oracle providers. While Pragma Network is decentralized, it relies on a network of oracle providers to provide off-chain data. Users must trust these providers to deliver reliable and accurate data, which could be a potential risk.
##Future prospects
Pragma Network represents a significant development in the world of decentralized oracle platforms. Its advanced functionality, scalability, and low cost-of-use make it an attractive option for blockchain-based applications. Moreover, the deployment of L3 on StarkNet (Pragma V2) will enhance its capabilities, creating endless possibilities for innovation.
##Conclusion
In conclusion, the renaming of Epic Network to Pragma Network and the deployment of L3 on StarkNet (Pragma V2) represent significant developments in the world of blockchain technology. Pragma Network offers several benefits to users, including fast, low-cost, and secure data delivery, seamless integration with blockchain applications, and advanced functionality. While it does face some challenges and limitations, the future prospects of Pragma Network seem promising.
#FAQs
1. What is Pragma Network?
– Pragma Network is a decentralized oracle platform that allows applications to access off-chain data. It is designed to provide fast, low-cost, and secure data delivery to blockchain-based applications.
2. Why was Epic Network renamed to Pragma Network?
– The new name represents a more mature and comprehensive product offering that the company has developed since the inception of Epic Network. Moreover, it reflects a shift in the network’s direction to focus more on advanced functionality, which includes the deployment of L3 on StarkNet.
3. What is L3, and how does it enhance Pragma Network?
– L3 is an advanced feature that allows smart contracts to access a wider range of off-chain data, including real-world data, without incurring significant transaction costs. This feature enhances the capability of blockchain applications to interact with the real world, creating endless possibilities for innovation.

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