Smart contracts have been known for over two decades but have become realistic only recently with the launch of Ethereum, the Blockchain App Platform. A smart contract is a self-executing digital contract that is written and coded on blockchains. Its execution happens by a digital event, a deadline or in the real world. In cases where smart contracts require information from external events, blockchain's specific features create an obstacle in connecting smart contracts to off-chain resources. The one thing that helps solve this connectivity issue is called Oracles. In simple language, Oracles are middleware pieces that connect the real world to smart contracts. Many companies today such as SmartContract are investing time, money and effort in building better and high-quality Oracles, so the full potential of smart contracts can be unleashed and seamless connectivity with the real world can be achieved. https://steemitimages.com/DQma55awt7VT55SxdvwoNBjhbrqYpS9i5Mnq9HpCHJUEzRw/image.png Oracles are indeed the connectivity saviour for smart contracts and can revolutionise whole industries primarily the ones that depend heavily on financial agreements. Oracles can be referred to as reliable data feeds that send data to smart contracts and help in lightening their workload. With the launch of LINK, the first decentralised oracle network, smart contracts can connect to any external resource and gain access to external data that may be required to trigger self-validation and execution of a smart contract. This connectivity removes any manual intervention by any contracting party, saving time and effort. Any data provider can add to the Oracle database and sell their information for use by smart contracts that need the information. Using Oracles, better data accuracy and network's decentralisation can be achieved. Today, Oracles serve as a reliable and a solid means of information for smart contracts. However, users and developers of smart contracts are still debating about transferring data through Oracles – especially in solving complex tasks where many data feeds are needed at the same time. Source: https://medium.com/bethereum/how-oracles-connect-smart-contracts-to-the-real-world-a56d3ed6a507
| author | joseforo |
|---|---|
| permlink | oracles-the-connectivity-saviour-for-smart-contracts |
| category | smart |
| json_metadata | {"tags":["smart","contract","oracle","blockchain","dineroconopcion"],"image":["https://steemitimages.com/DQma55awt7VT55SxdvwoNBjhbrqYpS9i5Mnq9HpCHJUEzRw/image.png"],"links":["https://medium.com/bethereum/how-oracles-connect-smart-contracts-to-the-real-world-a56d3ed6a507"],"app":"steemit/0.1","format":"markdown"} |
| created | 2018-03-10 20:58:15 |
| last_update | 2018-03-10 20:58:15 |
| depth | 0 |
| children | 2 |
| last_payout | 2018-03-17 20:58:15 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 3.090 HBD |
| curator_payout_value | 0.702 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 2,236 |
| author_reputation | 232,842,099,379 |
| root_title | "Oracles: The connectivity saviour for smart contracts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 43,585,097 |
| net_rshares | 1,155,924,697,801 |
| author_curate_reward | "" |
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Este Post ha recibido un Upvote desde la cuenta del King: @dineroconopcion, El cual es un Grupo de Soporte mantenido por 5 personas mas que quieren ayudarte a llegar hacer un Top Autor En Steemit sin tener que invertir en Steem Power. Te Gustaria Ser Parte De Este Projecto? This Post has been Upvote from the King's Account: @dineroconopcion, It's a Support Group by 5 other people that want to help you be a Top Steemit Author without having to invest into Steem Power. Would You Like To Be Part of this Project?
| author | dineroconopcion |
|---|---|
| permlink | re-joseforo-oracles-the-connectivity-saviour-for-smart-contracts-20180310t212218321z |
| category | smart |
| json_metadata | {} |
| created | 2018-03-10 21:22:18 |
| last_update | 2018-03-10 21:22:18 |
| depth | 1 |
| children | 0 |
| last_payout | 2018-03-17 21:22:18 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 516 |
| author_reputation | 23,995,833,646,806 |
| root_title | "Oracles: The connectivity saviour for smart contracts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 43,587,824 |
| net_rshares | 0 |
<p>Congratulations! This post has been upvoted from the communal account, @minnowsupport, by joseforo from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=minnowsupport&vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
| author | minnowsupport |
|---|---|
| permlink | re-oracles-the-connectivity-saviour-for-smart-contracts-20180310t224741 |
| category | smart |
| json_metadata | "" |
| created | 2018-03-10 22:47:42 |
| last_update | 2018-03-10 22:47:42 |
| depth | 1 |
| children | 0 |
| last_payout | 2018-03-17 22:47:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,704 |
| author_reputation | 148,902,805,319,183 |
| root_title | "Oracles: The connectivity saviour for smart contracts" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 43,597,371 |
| net_rshares | 0 |
hiveblocks