Blockchains are intrinsically secure and anonymous. However, they need oracles to securely move data from the outer world.
Faster adoption of blockchain technology has led to many games and apps choosing the blockchain for their needs.
Blockchain oracles have often compromised blockchains, resulting in hacks and losses of millions of dollars. Let us discuss a few of these challenges and how we can overcome them.
What are Blockchain Oracles?
The main feature of a blockchain is decentralization. It operates through a network of nodes that verify data independently. Each node is pre-programmed to be deterministic, meaning that given the input data, every node will produce the same result.
Many of these blockchains have games or systems that need data from the outer world. Data that changes dynamically, such as a score in a baseball match. A delay of even a second can produce different results across nodes. Blockchain oracles solve this problem.
Oracles act as a source of information...
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