Oracle uses the blockchain consensus mechanism to enable data sharing and link the global data asset market

Oracle oracle uses the blockchain consensus mechanism to enable data to be shared in the centralized and decentralized world, linking the global data asset market.

The mechanism of action of the price oracle is to form the quotation data after continuous quotation and transaction verification, and finally generate real effective price data on the chain, the verification principle is that if the quotation deviates greatly from the real price of the market, then the validator will obtain arbitrage opportunities, and this arbitrage penalty mechanism in turn prompts the quotation to quote according to the fair value.

The price oracle generates the market fair price data under the chain for the on-chain smart contract call, so as to provide efficient, accurate and safe on-chain price, volatility and other data for quantitative investment and update it in a timely manner, Oracle can accurately obtain the value of various data assets, and use quantitative investment strategies to profit.

Oracle launches a decentralized network of price reference oracles

Oracle can give such platforms real-time, reliable off-chain data to launch smart contracts, determine the gains and losses of participating parties based on asset prices, and trigger operations such as closing transactions. No matter how well designed the smart contract is, the end result depends on the quality of the data received. 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 oracles are still a new topic in the DeFi space, many projects start by developing their own oracles.

These oracles typically aggregate off-chain data (including data such as interest rates, exchange rates, and prices) and then manually transmit the data on-chain. Although this is necessary to ensure security in the early stages of project development, the centralized price aggregation method will lead to various problems in the management and performance of Dapps, and the centralized entity that manages the data also risks being bought and tampered with. Oracle launched a decentralized network of price reference oracles. Independent nodes that undergo security assessment upload price data and finally aggregate it into price reference data. The data is updated regularly to reflect price movements.

Oracle integrates wallet, data, financial management, mining, trading and other functions

Oracle is a multi-chain wallet that supports multiple platforms, integrating wallet, data, wealth management, mining, trading and other functions. After users use Oracle Wallet to easily create an Oracle Chain account, they can receive, send, store and trade tokens such as DOT and KSM on their mobile phones with one click. Through contract analysis, user assets are fully displayed, high-quality applications are intelligently recommended through data analysis, and convenient financial management, one-click mining and optimal transactions are realized through aggregated DeFi tools. In the new DeFi ecosystem, users can fully understand the current data and convenient operation to manage assets, reduce user risks, and realize asset value-added.

Users can more easily and conveniently access the wealth system using Oracle oracles

Oracle Wallet uses the oracle network to make it easier and more convenient for users to enter the wealth system using Oracle oracle. Oracle Wallet is an asset management mechanism that allows users to manage the acquisition of Oracle-related tokens and collect digital assets. It is a secure asset management system through which users can collect, spend, and exchange ETH or other tokens obtained.

A trading system processed through an internal OTC mechanism is planned for a future phase, and the transaction will be operated by the Oracle Foundation to ensure smooth transactions between participants, project partners and service providers. HS Wallet undertakes the management of assets in the ecosystem, in addition to pointing out other token assets, while supporting the maintenance of other public chain assets such as BTC, ETH, and TRON. Oracle Wallet creates other public chain identity addresses corresponding to each Oracle address based on Oracle user identity, so as to realize the binding of full-chain assets to Oracle identity.