Optimal strategy for safe Oracles use in web3
0 Comments3 Minutes
The oracle's business model is to execute off-chain (off-blockchain) queries and return them to the contract in exchange for a fee, which the contract pays by asking oracles for off-chain data.
How to achieve decentralization using Oracles in blockchain?
0 Comments3 Minutes
So how do we create a decentralized oracle? The model is as follows: a contract should ask several oracles to execute the same query, get results from each oracle, and then determine the correct answer on its own based on multiple results (answers from multiple oracles).
Bitcoin for the spirit.
Blockchain for the tech.
I create substantive content on blockchain, at the intersection of technology, economics, sociology and even politics.
I’m blockchain engineer – sharing my tech expertise, ideas and critical thoughts.
Learn about the Chainlink ecosystem features for web3
Chainlink Oracles, data feeds, VRF and automation - these are leading features of Chainlink available for smart contracts and web3
0 Comments3 Minutes
Data feeds – free data sources for smart contracts
Data feeds are data "produced" by oracles, published on the blockchain, available to be read for free by smart contracts.
0 Comments3 Minutes
Optimal strategy for safe Oracles use in web3
The oracle's business model is to execute off-chain (off-blockchain) queries and return them to the contract in exchange for a fee, which the contract pays by asking oracles for off-chain data.
0 Comments3 Minutes
Bitcoin for the spirit.
Blockchain for the tech.
I create substantive content on blockchain, at the intersection of technology, economics, sociology and even politics.
I’m blockchain engineer – sharing my tech expertise, ideas and critical thoughts.