The Currency Analytics
By Sydney TheCMO
Bridge Oracle is certainly one of the most talked-about oracle systems in the current crypto space.
Bridge Oracle follows not one but two payment methods -
The fee will be determined based on an on-chain algorithmic calculation and once decided, will be deducted automatically from the smart contract of the user.
It’s to note here the fee for the request (to inject data in Bridge oracle) will be based on TRX’s current value.
When a user sends a request, Bridge oracle checks the BRG token balance of his smart contract.
If the user doesn’t have sufficient funds in BRG token balance, Bridge oracle will check the TRX balance of his smart contract.
But, if the user contract doesn’t have an adequate fund in both BRG and TRX balance, his request will be cancelled.
This is to note here, BRG-based payments carry discounts and hence are more affordable compared to TRX payments.
The pricing structure here comprises of three main parts-
“Query Price = Cost of Query Type + Query Fee Limit + Maximum Bandwidth Price”
The “Cost of Query Type” segment refers to the price of queries from data source or oracle type.
Again, this segment comprises of two parts-
The Base price is designed to determine the cost of Bridge services. Multiplier helps to show the complexity level of a task on the basis of resource consumption.
This amount is paid to the blockchain to trigger a user’s contract. The amount of Query Fee limit is to be decided by users only.
It refers to a constant amount that will be paid when Bridge oracle decides to trigger the smart contract of a user. The value of Maximum Bandwidth Price is equivalent to 0.01 TRX.