Ethereum-Based Oracle Holds Key to Future
Warren Buffett is often called the ‘Oracle of Omaha’ because of his legendary ability to pick the right investments. Making sound decisions is thus important: it is based on good decisions that we can expect good outcomes. Collectively the markets can play the role of an oracle as well. What if we could devise a system which would use the collective wisdom of the markets to help form better policy or devise effective governance models that could actually deliver. Can we come up with a system that would allow poor countries to make better decisions for their upliftment or help people....
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Public oracle project, Bridge Oracle successfully completed the launch of its mainnet on Tron blockchain on Thursday. The mainnet launch aims to give Tron blockchain users access to implementing real-world decentralized applications, or DApps, by connecting them to off-chain data. Bridge Oracle, a Tron-based public oracle aiming to play a similar role to Chainlink on Ethereum, announced the launch of its mainnet on Thursday through email. Touted as the first-ever public oracle project on Tron’s […]
BlockApps, a Microsoft affiliate designed to provide an enterprise block chain toolkit to help businesses develop new functionalities, brings to mind the role that Oracle plays in the future of decentralized databases, according to Victor Wong, BlockApps CEO. In an interview with International Business Times, Wong cited Oracle's role as a database provider as a parallel to BlockApp's role providing tools such as smart contracts for businesses to use to create new functionalities. Microsoft Enters The Block Chain Arena. Microsoft partnered with an Ethereum-based startup, ConsenSys, to....
Microsoft took the headlines today with their announcement of Benchley, which makes it easy to create your own ethereum based private blockchain, Cryptolet, a smart contracts oracle, and Enclaves, “an area of the chip itself where you can have code and have data run that is tamper resistant,” according to Marley Gray, head of Microsoft’s Ethereum Blockchain as a Service on Azure, speaking to IBTimes. Dr Tim Nugent from Thomson Reuters attracted some media attention for his highlights of blockchain based developments at the household brand. All their work is currently based on ethereum’s....
“UNI is in an excellent position to be a token for such an oracle,” said Buterin, in reference to decentralized pricing oracles for stablecoins. Uniswap’s native UNI token can greatly enhance its utility by becoming a pricing oracle for stablecoins, according to Ethereum co-founder Vitalik Buterin. In a proposal submitted to Uniswap’s governance platform, Buterin said that a successful decentralized finance, or DeFi, ecosystem relies on a “highly secure pricing oracle,” noting that algorithmic stablecoins, synthetic assets and collateralized loans all depend on oracles. The problem,....
Following the boom of non-fungible tokens (NFT) tied to NFT marketplaces and tools, oracle-based tokens are now seeing their valuations rise. During the last seven days, a number of oracle tokens have seen steep gains between 7% to even 45%. Oracles Token Projects See Seven Day Gains Jump Not too long ago, tokens associated with NFT markets and tools saw prices soar amid the non-fungible token hype. Just recently, Bitcoin.com’s newsdesk reported on the decline in NFT sales and NFT interest has dropped in recent times as well. Following the NFT-related pump, a great number of oracle....