Blockchain
By Steven Anderson
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How would off-chain workers help?
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Are oracles still needed?
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Polkadot is pleased to announce the release of its breakthrough Substrate blockchain system which will now enable blockchain apps to interact with the external world yet without…
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The new crypto platform Polkadot has been in the news since its inception. In fact, despite being a new entrant, Polkadot has reportedly experienced a 44% rise in developer…
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Substrate refers to the blockchain building structure of the new crypto platform. It extends a wide range of tools to developers to help them design custom blockchain that can…
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The focal point of the state-of-the-art Substrate 2.0 system is “off-chain worker”. It can be defined as an advanced development module which allows blockchains to execute…
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Well, this major Substrate 2.0 feature is developed to empower Substrate nodes for performing a number of operations that are not viable for regular blockchains.
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The system would enable Polkadot developer pros to create complex systems such as price-feed providers completely on-chain.
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Now, it’s true that Polkadot Substrate’s off-chain workers would enable blockchain systems to project their own requests to the off-chain world, without depending on oracles.
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This is where oracles, especially decentralized oracles, come to help. Decentralized oracles source data from various sources which enable easy verification of the authenticity…
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It’s to note here Bridge oracle promises authentic tamper-proof data, the most vital thing for smart contracts to operate at their optimum level for their use cases.
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So, yes, the Substrate 2.0 is definitely a welcome move in the contemporary crypto world but oracles have their own stronghold which is hard to shake down.
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