Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
How Oracles connect Smart Contracts to the real world
#1
Ethereum-based Smart Contracts are simple but effective forms of code designed to provide services or goods in exchange for certain values (be they monetary or time-based) being fulfilled. However, as they are wholly-based upon the Ethereum network, the input of information must be limited in order to not overwhelm the lightweight nature of the Blockchain. In essence, the Smart Contract is a judge, yet it needs a solid and reliable source of information to make correct judgements. This is where Oracles come in ......

How Oracles connect Smart Contracts to the real world

This is part of the future of Smart Contracts, so important to know information, and this writer breaks it down really well.
Reply
#2
Thanks for sharing.
Cardano is the most promising 3 gen. crypto right now.


Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)