Oracles in DeFi Systems: Off-Chain Aggregation vs Centralized Solutionsby@noprofile
1,390 reads
1,390 reads

Oracles in DeFi Systems: Off-Chain Aggregation vs Centralized Solutions

by noprofile7mSeptember 16th, 2020
Read on Terminal Reader
Read this story w/o Javascript
tldt arrow

Too Long; Didn't Read

Oracles in DeFi projects are changing the way we’re interacting with digital funds. They are software solutions that can act as a secure middleware that facilitates communication between a smart contract and the outside world. The real-world data can be collected from anywhere, data providers, publicly available sources, the World Wide Web. Oracles are the ones trying to create an environment that can eliminate the variable of trust before the data reaches the blockchain. One solution uses Schnorr signatures, a technology that offers oracles the ability to co-participate in solving the task at hand.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Oracles in DeFi Systems: Off-Chain Aggregation vs Centralized Solutions
noprofile HackerNoon profile picture
noprofile

noprofile

@noprofile

This profile doesn't exist.

About @noprofile
LEARN MORE ABOUT @NOPROFILE'S
EXPERTISE AND PLACE ON THE INTERNET.

Share Your Thoughts

About Author

noprofile HackerNoon profile picture
noprofile@noprofile
This profile doesn't exist.

TOPICS

THIS ARTICLE WAS FEATURED IN...

Permanent on Arweave
Read on Terminal Reader
Read this story in a terminal
 Terminal
Read this story w/o Javascript
Read this story w/o Javascript
 Lite
L O A D I N G
. . . comments & more!