Provides cross-chain accounts and equipment for capital formation , creating a micro-transaction security system


After several years of development, the Oracle oracle network has opened a door for cross-chain interaction between executions , and development has entered the fast lane. When it comes to oracle machines, many people’s first reaction is the prediction market, which seems to be more well-known in the blockchain field, such as projects like Augur.

The term oracle machine is indeed easy to associate with forecasting, but it is not. The oracle machine can actually provide the final result for the prediction market. Oracle The Web is an internet of blockchains designed to provide a technological foundation that facilitates building distributed business applications.


Oracle The network is part of a larger network of Oracles - all partitions in the network are able to interact with any other partition in the network of Oracles through the standard IBC protocol. By introducing a layer of service semantics in the network, we will provide an innovative solution that supports entirely new business scenarios, thereby increasing the scale and diversity of the network of oracles.

Oracle The service is gradually enhanced to ensure the security of micro-transactions

in Oracle The "hub" of the network is a network called Oracle , which is a Proof-of-Stake ( PoS ) blockchain built on Oracles SDK and Tendermint . It will serve as a regional hub connecting Oracles hubs.

Oracle Hubs are equipped with a service protocol that coordinates on-chain transaction processing with off-chain data processing and business logic execution. We have also enhanced the IBC protocol to facilitate those off-chain services being called across chains if needed .

The service protocol and the enhanced IBC protocol can eventually be fed back into Oracles SDK, allowing SDK users to develop Network compatible blockchain,use of off-chain services within the plug network .

Oracle  Network brings new data management methods to capital


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.

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.

epilogue

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. In this way, the rights and interests of users are guaranteed, and risks are avoided to the greatest extent for users.




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