Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy.
Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart contract feature popularized by Ethereum. Decentralized applications (DApps) based on blockchains like Ethereum are disrupting traditional businesses such as retail banking and are even introducing use cases never deemed possible.
Expanding the capability of smart contracts with oracles
However, for the Ethereum blockchain to support the development of DApps that go beyond merely facilitating transactions, they must interact with the external or off-chain world and integrate the incoming data into smart contracts, which is where blockchain oracle technology comes into play, bolstering smart contracts by...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...