Altcoins News
By Sydney TheCMO
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Bridge Oracle is certainly one of the most talked-about oracle systems in the current crypto space.
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Bridge Oracle follows not one but two payment methods -
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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.
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It’s to note here the fee for the request (to inject data in Bridge oracle) will be based on TRX’s current value.
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When a user sends a request, Bridge oracle checks the BRG token balance of his smart contract.
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If the user doesn’t have sufficient funds in BRG token balance, Bridge oracle will check the TRX balance of his smart contract.
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But, if the user contract doesn’t have an adequate fund in both BRG and TRX balance, his request will be cancelled.
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This is to note here, BRG-based payments carry discounts and hence are more affordable compared to TRX payments.
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The pricing structure here comprises of three main parts-
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“Query Price = Cost of Query Type + Query Fee Limit + Maximum Bandwidth Price”
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The “Cost of Query Type” segment refers to the price of queries from data source or oracle type.
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Again, this segment comprises of two parts-
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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.
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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.
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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.
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