Ingex genesis mint ending soon. Last chance to get in early on a project that has been developed in stealth for over a year and will be launching socials soon.

Ingex is a next-generation oracle that leverages zero-knowledge proofs for greater security and cost-effectiveness than existing optimistic oracles.

The genesis collection of just 32 tokens provides governance rights upon the official launch of the Ingex zk-oracle in Q4 2024.

The team consists of early pioneers in the space, previously making contributions to the first iteration of zk-rollups that now provides the infrastructure for countless dapps.

https://opensea.io/collection/ingex/overview

Advantages of decentralised oracles over their centralised counterparts:

Elimination of Single Points of Failure: Decentralized oracles reduce the risk of a single point of failure, which is a critical vulnerability in centralized oracles. By using multiple data sources and validators, they make it harder for any single entity to manipulate the data.

Censorship Resistance: Decentralized oracles are less susceptible to censorship or data tampering since no single party controls the information flow.

Aggregation of Multiple Data Sources: Decentralized oracles pull data from multiple sources, ensuring more accurate and reliable information. This aggregation mitigates the impact of faulty or malicious data from any single source.

Redundancy: The use of multiple nodes in decentralized oracles creates redundancy, ensuring that even if some nodes fail, the oracle can still provide accurate data.

Open Verification: Decentralized oracles operate transparently, with their processes and data sources open for public inspection. This transparency allows users to verify the accuracy and integrity of the data being provided.

Trustless Operation: Users do not need to trust a single entity; instead, they can rely on the collective consensus of the decentralized network, which aligns with the core principles of blockchain technology.

Adaptive Scaling: Decentralized oracles can scale more effectively by distributing the workload across multiple nodes. This scaling is particularly useful for large DeFi platforms that require a high volume of data feeds.

Interoperability: Decentralized oracles are more likely to support a wide range of applications and blockchains beyond Ethereum, fostering a more interconnected and versatile blockchain ecosystem.