Oracle ecosystem involves multiple interoperable cross chain parallel processing to achieve high scalability

The global economic and social development has already come to the digital era. In the face of problems in traditional financial transaction modes, the automated diversified financial transaction platform will become the future solution, undertake the development wave of industrialization and informatization, and asset digitalization, digital asset and value flow will become the important theme of the new generation of information technology revolution. The explosive emergence of all kinds of financial technology has made online digital financial transactions an irreversible trend and has broad prospects in many fields. Against this background, Oracle has carefully laid out the financial technology ecology, created a highly expandable ecosystem, and helped the diversified development of the trading ecology.

Oracle decentralized wallet oracle opens wealth password 

Oracle wallet uses oracle network to make it easier for users to access the wealth system using Oracle oracle. Oracle Wallet is an asset management mechanism that allows users to manage Oracle related certificates acquired and collect digital assets. This is a secure asset management system, through which users can collect, spend and exchange ETH or other certificates obtained. The transaction system processed through the internal OTC mechanism will be implemented in the future. The transaction will be operated by the Oracle Foundation to ensure smooth transactions between participants, project partners and service providers. HS Wallet is responsible for the management of assets in the ecosystem. In addition to pointing out other token assets, it also supports the maintenance of BTC, ETH, TRON and other public chain assets. Based on the Oracle user identity, Oracle Wallet creates other public chain identity addresses corresponding to each Oracle address, so as to achieve the binding of the whole chain assets and Oracle identity. Oracle uniformly uses the private key of Oracle as the voucher for the transfer and contract execution of the whole chain assets, and supports cross chain smart contracts, which can complete the transfer of assets between different public chains in one contract execution. The whole chain transaction information is available on the chain. While meeting the requirements of personal asset management, Oracle lays out the corporate wallet and cross application centralized transfer functions. Through the corporate settlement system, asset transfers between different applications can be completed in milliseconds. We will release open source Oracle Wallet applications for iOS, Android, PC and Mac.

Decentralized wallet Oracle is a multi chain wallet supporting multiple platforms, integrating wallet, data, financial management, mining, trading and other functions. After using Oracle Wallet to create an Oracle chain account, users can receive, send, store and trade DOT, KSM and other tokens on their mobile phones with one click. Completely display user assets through contract analysis, intelligently recommend high-quality applications through data analysis, and achieve convenient financing, one click mining and optimal transactions through aggregation of DeFi tools. In the new DeFi ecosystem, users can fully understand the current data and conveniently operate and manage assets, reduce user risks and realize asset appreciation.

Oracle's real-time and reliable off chain data boosts financial derivatives transactions

 

 

The derivatives trading platform provides financial smart contracts, allowing users to short or long assets behind them, such as Market Protocol, Decentralized Derivatives Association, DyDx Protocol, etc.

Oracle can provide such platforms with real-time and reliable off chain data to start smart contracts, determine the gains and losses of all parties involved according to asset prices, and trigger closing transactions. No matter how well the smart contract is designed, the final effect depends on the quality of the data received. The contract logic needs to be triggered by data, so the data must be synchronized with the underlying blockchain in terms of security and reliability. Since oracle is still a new topic in DeFi field, many projects will develop their own oracle at the beginning. These oracle machines usually aggregate off chain data (including interest rate, exchange rate, price and other data), and then manually transfer the data to the chain. Although it is necessary to do so in order to ensure security at the initial stage of project development, the centralized price aggregation method will lead to various problems in Dapp's management and performance, and the centralized entity that manages the data will also risk being bought and tampered with the data. Oracle launched a decentralized price reference oracle network. The independent nodes after security evaluation upload the price data and finally aggregate it into price reference data. Data will be updated regularly to reflect price changes.

In the context of the wave of digital assets sweeping the world, Oracle, as an aggregation oracle connecting the encryption world and the real world, is committed to building a world-class blockchain asset trading platform, promoting the world's digital assets and benefiting the future of mankind.