Decentralized Oracle Plugin Offers Solution for XinFin’s Smart Contract
Blockchain technology indicates not only bitcoin but in reality, it has the capacity to change businesses with smart contract-related blockchain frameworks like XinFin. There are many oracles present which play a major role in connecting the gap between blockchain application and external data, however, not all of them succeed. Decentralized oracle platform Plugin offers cost-effective solutions for any smart contract on XinFin platform. GoPlugin.co gathers information from various external sources, consolidates and makes sure the exact value is offered to its users at any point of time.....
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Decentralized oracles are specially created to achieve deterministic results that rely on cause and effect in comparison to an individual relationship. A decentralized oracle solves security issues by providing a trusted and reliable system. More so, it bridges the gap between blockchain smart contracts and external data sources by applying the traditional method of using API to fetch data. They obtain data from the most trusted sources and deliver it to the user through the blockchain and external data sources. The Plugin is the agnostic decentralized oracle. It offers a cost-effective....
The decentralized oracle platform has done immensely great for its users and it has delivered exactly as per its roadmap. The Plugin (PLI) is now listed in Bitrue and Globiance exchange. The platform has facilitated its users with its listing on these big exchanges. #Xinfin We're listing $PLI @GoPlugin today after they successfully passed the […]
Umbrella Network, the decentralized Layer-2 oracle solution, has officially launched on Ethereum Mainnet. The company made this announcement on its blog on Friday. Umbrella Network is a community-owned Layer-2 oracle network that batches data for providing low-cost, scalable, and secure data. It utilizes the advances in Merkle tree technology to write multiple data points on a single on-chain transaction, making batching data to smart contracts more accurate and cost-effective. Umbrella network believes a community-owned oracle solution is essential to creating a truly decentralized....
Hybrid smart contracts will change the world by revolutionizing the legal system that exists today. The era of unintelligible contracts written in legalese by lawyers in $2,000 suits with degrees from Ivy League schools is over. The contracts of the next century will be hybrid smart contracts, written in code by programmers wearing $20 hoodies and living in their NYC-shared apartment.What is a hybrid smart contract?Smart contracts are self-enforcing contracts, written in code and executed by the blockchain. These smart contracts are great at sending and receiving money, and doing simple....
The oracle network’s exponential growth has been tied to the emergence of DeFi. Co-founder Sergey Nazarov said Chainlink is also powering metaverses. The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector. With the milestone, Chainlink has become “one of the most value securing forms of decentralized consensus on the planet,” according to protocol co-founder Sergey Nazarov. Chainlink is also one of the....