"Oracle" TAG

Recently, new entrants to the decentralized oracle sector, such as Tellor, have diversified users’ and applications’ options for incorporating external data on-chain. While Chainlink pioneered the original decentralized oracle model and remains a prolific data provider, there has remained the need for an application-specific approach to oracle design, highlighting the potential benefits to certain use...

Last October, the Smith + Crown research team published a report on blockchain oracles and the merit of pseudonymizing decentralized oracle networks. Building on recent commentary from OracleSwap’s Eric Falkenstein, this dispatch revisits issues of oracle obfuscation and decentralization with a new emphasis on efficiency and necessity thereof. Decentralization drives both the sentiment and technical architecture...

The Use of Oracles Today Oracles, in the context of blockchain technology, are information feeds by which off-chain data is incorporated into on-chain transactions. Blockchain oracles may provide a wide variety of information, such as market price feeds, football game scores or daily rainfall in a given city. Regardless, Oracles are necessary because distributed ledgers...

Gnosis is an open-source, Ethereum-based platform that enables users to aggregate information via prediction markets, a mechanism that incentivizes information sharing and rewards participants for sharing predictions on issues ranging from sports betting, political polling, financial forecasting, to risk assessment. A smart contract ecosystem is used to reward users who successfully predict the outcome of...