The Currency Analytics
By Sydney TheCMO
Ripple Labs is on the verge of a milestone development for the crypto space of late. The leading blockchain-based payment technology company has recently been awarded with a US…
It’s to note here, Stefan Thomas, the erstwhile CTO of Ripple, is a chief author of this patent.
Interestingly, Ripple has been working on the patent for more than a couple of years now. As per the sources, the patent was initially filed back in 2018 June.
The patented design would also have application in the oil industry. For example, it can serve to feed information on the density of one particular oil shipment which can…
Smart contracts have mostly been a staple with Ethereum. But, of late, many other major blockchains are aspiring to add on similar capabilities.
Smart contracts hold the potential to revolutionize many traditional industries. But unfortunately, they have not been able to experience mass adoption yet.
Oracles are middleware solutions that source data from the external world and feed them into blockchain smart contracts.
One of the major reasons why Bridge oracle is gaining steady traction today is its decentralized nature.
The current crypto space is marked by a high rise in the DeFi boom and DeFi applications running on smart contracts call for reliable authentic data.
But, a decentralized oracle like Bridge Oracle sources data from multiple sources which always provides plenty of scope to verify credibility of data injected into smart contracts.