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.

Interpretation of this information:

The announcement made on March 22 regarding the StarkNet based decentralized oracle, Epic Network, is significant news in the world of cryptocurrency. Decentralized oracles, such as Epic Network, serve as important links between on-chain and off-chain data, enabling smart contracts to function accurately and effectively. With the renaming of Epic Network to Pragma Network, it appears that the developers are keen to emphasize the practical applications of their platform, rather than the technological elements that underpin it. The decision to deploy the specific application L3 on StarkNet (Pragma V2) this year suggests that Pragma Network is seeking to expand its functionality and capability. In simple terms, the L3 application enables the creation of more advanced and sophisticated smart contracts.

This news reflects a wider trend within the cryptocurrency industry towards greater practicality and usability. Cryptocurrency is moving beyond its origins as a purely speculative asset class, as more and more businesses and individuals begin to recognize the value of blockchain technology. Decentralized oracles such as Pragma Network are essential components of this evolving landscape, enabling smart contracts to function in a secure and effective manner. The renaming of Epic Network to Pragma Network, and the deployment of L3 on StarkNet, point towards a future in which blockchain technology plays an increasingly important role in everyday life.