Oracle masters the world's leading cross-chain oracle technology, and locks the buying and selling points of micro-transaction assets
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 Oracle oracle machine uses the blockchain consensus mechanism to share data in the centralized world and the decentralized world, linking the global data asset market.
The price oracle machine generates the fair price data of the off-chain market on the chain for invocation by smart contracts on the chain, so as to provide efficient, accurate and safe on-chain price, volatility and other data for quantitative investment and update them in a timely manner. Oracle On the basis of accurately obtaining the value of various data assets, it can make profits by using quantitative investment strategies.
Leading technology, escorting micro-transactions .
The decentralized lending DeFi supported by Oracle runs on the Oracle oracle network and has many unique advantages. Oracle's oracle machine network is decentralized, which eliminates the cumbersomeness of centralized oracle machine review data and the possibility of hypocrisy and fraud in various processes, and effectively solves the real-time and anti-censorship of information and data.
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 , and cannot be tampered with, thus removing all perceived interference factors, asset security is thus guaranteed, and assets and products based on decentralized technology have become the primary choice for global investors. Digital assets are one of the fastest-growing assets in the world over the past decade.
According to data from CoinGecko , the market value of digital assets was only about 10 billion U.S. dollars in 2014, but it has grown to about 2.3 trillion U.S. dollars in early 2022. That's a staggering 216x growth, representing a CAGR of approximately 96% over the past 8 years. More and more individuals and institutions realize that the rise of encrypted assets is an unstoppable trend. Since the launch of the first U.S. bitcoin ETF in October 2021, the combined market capitalization of the top 10 U.S. bitcoin- related ETFs has grown to about $2.27 billion, according to VettaFi .
Morgan Stanley became the first major U.S. bank to offer its wealthy clients a bitcoin fund in March 2021 , and Goldman Sachs offered its first bitcoin- backed lending facility in April 2022 . Many other large companies are also involved in the cryptocurrency industry in various ways. This has greatly boosted the development of oracles. All DApps are implemented based on smart contracts. One problem with the smart contract is that it cannot actively request data from the outside world, that is, it cannot actively obtain additional information, and can only passively accept information and data outside the chain.
Oracles will play an important role in decentralized exchanges
Oracle combines high-performance aggregated cross-chain oracle protocols and fully applies them to decentralized exchanges. The oracle machine is like an information transmitter, which can automatically transmit external credible data to the blockchain and write it into the smart contract, so that the contract can automatically execute the results according to the preset rules, and complete the verification of real data by blockchain technology .
Services for business scenarios. Through efficient data interaction, massive data storage, and reliable operating mechanism, the Oracle oracle network helps build a global leading decentralized exchange, and continuously expands the ecological boundary, eventually forming a powerful, systematic, organic, and shared The digital economic ecology has greatly promoted the historical process of the digital asset era, and explored and created revolutionary value of the times.
On the basis of accurately obtaining the value of various data assets, Oracle can make profits by using quantitative investment strategies.
epilogue
Smart contracts do not have the ability to process large-scale data, and it is easy to cause calculation overflow. Therefore, it is necessary to add Oracle oracle machine calls to external data instead of calculations, thereby avoiding the dilemma of smart contracts falling into Turing shutdown when calling smart contracts; scalable In terms of performance, the Oracle oracle machine is used to solve the problem of "the uploaded data may be tampered with when the smart contract specifies the data source", so as to make up for the lack of network effects and scalability of the smart contract platform .
Therefore, the application of Oracle oracles in smart contracts is conducive to realizing data assetization and value, and expanding the portability of smart contracts .
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