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Blockchain API: in blockchain all data lives in the chain, transactions, accounts and smart contracts, there is no direct access to external data, asset prices, weather forecasts, sensor data, flight status and others, security is always there in the network #crypto2023 #oracles
Blockchain API: in blockchain all data lives in the chain, transactions, accounts and smart contracts, there is no direct access to external data, asset prices, weather forecasts, sensor data, flight status and others, security is always there in the network
#crypto2023 #oracles
What is a blockchain oracle?Blockchain oracles serve as crucial bridges between blockchains and the real world, allowing smart contracts to access external data sources. They enable the integration of off-chain events and information into on-chain applications, verifying data accuracy and facilitating secure transmission. By leveraging blockchain oracles, various types of data, such as token prices, stock market updates, sports game results, or weather forecasts, can be utilized within smart contracts. These oracles authenticate and relay the information to the appropriate destination, acting as a reliable intermediary layer. Furthermore, blockchain oracles play a pivotal role in enabling contractual agreements on the blockchain. For instance, individuals can engage in bets or agreements by locking funds in a smart contract, with the oracle providing the necessary external data to determine the outcome and distribute the funds accordingly. There are different types of blockchain oracles, including software, centralized, decentralized, inbound, and outbound oracles, each serving specific purposes based on their design and functionality. Overall, blockchain oracles expand the potential and possibilities of blockchains, allowing them to tap into external data sources and enhancing their usability. While they do not directly address the challenge of data availability, they enable the integration of off-chain data onto the blockchain, opening up new opportunities for mass adoption. $BTC $BNB #webgtr #blockchains #oracles #bitcoin #Binance

What is a blockchain oracle?

Blockchain oracles serve as crucial bridges between blockchains and the real world, allowing smart contracts to access external data sources. They enable the integration of off-chain events and information into on-chain applications, verifying data accuracy and facilitating secure transmission.

By leveraging blockchain oracles, various types of data, such as token prices, stock market updates, sports game results, or weather forecasts, can be utilized within smart contracts. These oracles authenticate and relay the information to the appropriate destination, acting as a reliable intermediary layer.

Furthermore, blockchain oracles play a pivotal role in enabling contractual agreements on the blockchain. For instance, individuals can engage in bets or agreements by locking funds in a smart contract, with the oracle providing the necessary external data to determine the outcome and distribute the funds accordingly.

There are different types of blockchain oracles, including software, centralized, decentralized, inbound, and outbound oracles, each serving specific purposes based on their design and functionality.

Overall, blockchain oracles expand the potential and possibilities of blockchains, allowing them to tap into external data sources and enhancing their usability. While they do not directly address the challenge of data availability, they enable the integration of off-chain data onto the blockchain, opening up new opportunities for mass adoption.

$BTC $BNB

#webgtr #blockchains #oracles #bitcoin #Binance
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🚀💎 Chain up your gains with $LINK in 2023! Chainlink's oracle solutions and DeFi integration are primed for a spectacular boom. Follow us for exclusive insights and ride the LINK wave to success! #LINKBoom #CryptoBoom #oracles #crypto2023 #ai
🚀💎 Chain up your gains with $LINK in 2023! Chainlink's oracle solutions and DeFi integration are primed for a spectacular boom. Follow us for exclusive insights and ride the LINK wave to success! #LINKBoom #CryptoBoom #oracles #crypto2023 #ai
Chainlink has launched a new developer platform called Functions, aiming to connect #Web3 apps with traditional cloud software. The platform is now available in beta on the Ethereum Sepolia and Polygon Mumbai testnets. #Chainlink #oracles #crypto2023
Chainlink has launched a new developer platform called Functions, aiming to connect #Web3 apps with traditional cloud software.

The platform is now available in beta on the Ethereum Sepolia and Polygon Mumbai testnets.

#Chainlink #oracles #crypto2023

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🏋️ 💪 😱 🏋️ The next Chainlink? What is [DIA](https://www.binance.com/en/trade/DIA_USDT?type=spot)? 🙋‍♀️ $DIA (50x potential 🚀🌕) #DIA in crypto stands for 🧑‍🤝‍🧑 Decentralized Information Asset. It is an open source Web3 data and oracle platform that allows smart contracts to connect to external data sources, such as DeFi market data and centralized APIs. 👩‍💻 DIA platform was founded in 2018 by 🧘‍♂️ Michael Weber, who is the current CEO of DIA. Weber is a serial entrepreneur and has a background in software development and finance. Why DIA? 🤔 1. 🧐 Transparency: Transparent platform that allows users to track the data sources that are being used and to see how the data is being processed. 2. 🎯 Accuracy: Use a variety of methods to validate the accuracy of its data, including data triangulation and community review. 3. 🐯 Security: Secure platform that uses encryption and other security measures to protect user data. 4. 🥓 Scalability: Scalable platform that can be used to provide data to a large number of users simultaneously. 5. 🍱 Wide range: Data including token price feeds, NFT floor prices, LSD price feeds (Liquid Staked Derivatives), and more. DIA token is the native governance token of the DIA platform. It is used to propose and vote on platform upgrades, as well as to incentivize users to contribute data and participate in the DIA ecosystem. 🪙 ☑️ Market cap: $29M ✅ Circulating supply: 110M DIA (55%) ✅ Max supply: 200M DIA Conclusion, DIA is a useful cross-chain oracles for Web3 projects, source on-chain and off-chain data from multiple markets on any network including Polygon, Sushi, Quickswap, PancakeSwap, Curve, BNB Chain, Ethereum and more. 😉 #cryptonews #cryptocurrency #crypto #oracles 😎
🏋️ 💪 😱 🏋️

The next Chainlink? What is DIA? 🙋‍♀️ $DIA (50x potential 🚀🌕)

#DIA in crypto stands for 🧑‍🤝‍🧑 Decentralized Information Asset. It is an open source Web3 data and oracle platform that allows smart contracts to connect to external data sources, such as DeFi market data and centralized APIs. 👩‍💻

DIA platform was founded in 2018 by 🧘‍♂️ Michael Weber, who is the current CEO of DIA. Weber is a serial entrepreneur and has a background in software development and finance.

Why DIA? 🤔

1. 🧐 Transparency: Transparent platform that allows users to track the data sources that are being used and to see how the data is being processed.

2. 🎯 Accuracy: Use a variety of methods to validate the accuracy of its data, including data triangulation and community review.

3. 🐯 Security: Secure platform that uses encryption and other security measures to protect user data.

4. 🥓 Scalability: Scalable platform that can be used to provide data to a large number of users simultaneously.

5. 🍱 Wide range: Data including token price feeds, NFT floor prices, LSD price feeds (Liquid Staked Derivatives), and more.

DIA token is the native governance token of the DIA platform. It is used to propose and vote on platform upgrades, as well as to incentivize users to contribute data and participate in the DIA ecosystem. 🪙

☑️ Market cap: $29M

✅ Circulating supply: 110M DIA (55%)

✅ Max supply: 200M DIA

Conclusion, DIA is a useful cross-chain oracles for Web3 projects, source on-chain and off-chain data from multiple markets on any network including Polygon, Sushi, Quickswap, PancakeSwap, Curve, BNB Chain, Ethereum and more. 😉

#cryptonews #cryptocurrency #crypto #oracles 😎
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