Oracle allows global users to experience new oracle technology and share the top dividend of Web3.0

 

Oracle blockchain insurance provides users with a trustless, safe and reliable asset security and appreciation mechanism. Oracle locks the investment income of global mainstream digital assets through oracles , forms a fund pool for Oracle blockchain insurance products, and opens global users to purchase. The mechanism of the Oracle price oracle machine is to form verified quotation data through continuous quotation and transactions, and finally generate truly effective price data on the chain. 



The verification principle is that if the quotation deviates greatly from the real market price, the verifier will get Arbitrage opportunity, this arbitrage penalty mechanism then prompts bidders to quote at fair value. The most important thing about the Oracle decentralized insurance contract is that it is data-driven and self-executing. This means that the insurance contract automatically executes the logic without human intervention, relying on safe and accurate data obtained from the outside to determine the execution of the contract logic.

Oracle's new oracle technology brings unlimited opportunities.

Owing to the mastery of the world's leading cross-chain oracle machine technology, Oracle can lock the asset buying and selling points in the global decentralized exchanges in a very short period of time, as well as the value difference between the various decentralized exchanges, and through the chain Use AI technology to quickly realize benefits and enter the Oracle insurance fund pool.

The decentralized technology system and concept guaranteed by blockchain technology and smart contract technology is becoming more and more popular, because it can realize business scenarios without trust, and the use of decentralized technology can make all businesses open and transparent , can not be tampered with, thereby removing all the interference factors, asset security is thus guaranteed, and assets and products based on decentralized technology have become the first choice for global investors

Through Oracle, any data provider can easily monetize its Web API and sell data directly to on-chain applications. This will bring opportunities for traditional data providers to enter the emerging blockchain market and create new revenue streams. Because of this, various top institutions such as Accuweather , Associated Press, and Swisscom have joined the Oracle ecosystem.

Oracle Network : Opens the door for cross-chain interaction between executions



The rich data accumulated by traditional insurance institutions in the past 100 years will also help blockchain insurance projects to better launch insurance contracts and price insurance products. Emerging blockchain insurance projects can operate robustly with advanced machine learning models and proprietary data sets, while traditional insurance companies can leverage data analytics to further improve existing underwriting models. Traditional insurance companies can use Oracle and smart contracts to monetize their proprietary data of more than 100 years and become an integral part of future blockchain insurance projects.

The Oracle oracle network opens a door for cross-chain interaction between executions, combining the high-efficiency and data-independent interaction of comos and the underlying functional components of Polkadot to achieve scalability.

epilogue

Specifically, Oracle can realize data interaction with each independent blockchain network through the oracle network, and also adopts the Oracle Hub setting to combine technical resources, business needs, existing blockchain functional components, and practical business chains. Connected to meet different business needs while achieving scalability. 

If each blockchain network is imagined as a city, then Oracle Hub is equivalent to a trading port extending in all directions, with complete infrastructure, strong technical resources, and efficient circulation interaction, which can realize the integration of different blockchain cities. needs and is highly scalable. 

The function of Oracle Hub is specific to the blockchain world, which can be cross-chain services, such as chain registry, automatic market maker, Ethereum bridge, Bitcoin bridge, and the establishment of a close connection with the wider digital economy; it can also be for the new The blockchain shared security and fundraising, providing cross-chain accounts and equipment for capital formation.



 

 

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