Blockchain
By Steven Anderson
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Sergey Nazarov expressed, Oracle networks go far beyond delivering highly validated data. They provide the various decentralized services that are combined with smart…
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He stated, you could actually do certain amounts of computation in the oracle networks themselves.
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Because I think the real value of the oracle networks, just the real way to conceptualize them beyond these initial problems of data delivery is as a collection of decentralized…
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Then, there is an off-chain computation of the contract which is often related to the data that it needs to consume the part of contract you want to keep private or the part of…
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So, I think the way to look at oracles and oracle networks, and ChainLink is as a collection of services that are provided from a decentralized infrastructure that are all of the…
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With the remaining market for smart contracts being in trillions it just looks like fundamentally all of the world’s data.
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ChainLink is showing all the power of highly secure tamper proof automated digital agreements. It just looks like they are leading the way towards the Fourth Industrial Revolution.
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However, someone caught on to the phrases in the speech and stated, “Cannot be done on a blockchain “due to scalability reasons”: I begin to see limitations in blockchain…
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