YieldWars used Associated Press data to settle their prediction market, but some question the validity of using their call as an oracle
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Category: Oracles
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Polkadot’s Substrate 2.0 integrates oracles at a protocol level
Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH
BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were […]
The post Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH appeared first on Bitcoin News.
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Blockchain Oracles: Off-Chain Interaction Through RIF Gateways
Achieving two-way interoperability between blockchains and the real world is an ongoing challenge. It is not something that can be done natively, yet with the help of blockchain oracles, a lot can be achieved. What are Blockchain Oracles? To explain the purpose of a blockchain oracle, one needs to be aware of what it entails exactly. A blockchain – or its smart contracts – cannot access data from outside of its network. Unless information is manually introduced to the blockchain system, that is. For smart contracts, that can be a hindrance. These contracts are designed to automate processes by leveraging
The post Blockchain Oracles: Off-Chain Interaction Through RIF Gateways appeared first on The Merkle News.
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Chainlink Crypto Price Oracles Enter Tezos Ecosystem
SmartPy and Cryptonomic are adding Chainlink price oracles to the Tezos network, filling a perceived gap in the ecosystem.
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Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the developers plan to auction newly minted maker (MKR) tokens in order to remove the outstanding debt. However, the auction might not be enough and the […]
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ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s undercollateralizition was also blamed on price oracle discrepancies. Also read: The 35 Most Influential […]
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Decentralized Oracles Make Aelf a More Versatile Blockchain Project
Interoperability between different blockchains and cryptocurrency ecosystem is very difficult to achieve. By default, there is no reason to interact with competing projects. The Aelf blockchain sees things a bit differently, and its latest update may usher in a new era of communication. Communicating with and relying on third-party data from other chains and data sources is a big step forward. The Purpose of Chainlink Oracles To achieve communication with other blockchains and data sources, Aelf will rely on a service known as Chainlink Oracles. This technology allows any connected blockchain to interact with data sources such as Google Cloud,
The post Decentralized Oracles Make Aelf a More Versatile Blockchain Project appeared first on The Merkle Hash.
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Without Disobedience, Bitcoin Is No Better Than Gold
With the launch of Bakkt’s bitcoin futures market and Binance’s revamped U.S. exchange, there’s been a lot of talk in the space about institutionalization and traditional money flowing into crypto. It’s almost as if some believe that Bitcoin can’t scale as a purely peer-to-peer electronic cash system and that third parties and regulators must be […]
The post Without Disobedience, Bitcoin Is No Better Than Gold appeared first on Bitcoin News.
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Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash
On September 23, Bitcoin Cash (BCH) developer Gabriel Cardona revealed a project called Oracles.cash, a platform he constructed at the Wyohackathon. The application allows anyone to launch oracles on the BCH chain for things like prediction markets, trust-less wagers, and BCH contracts tethered to real-world events. Also read: Bitcoin Cash Acceptance and Community Growth Ramp […]
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