Blockchain
By Sydney TheCMO
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The blockchain-oracle problem
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TRON network and its two oracles
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The blockchain-oracle problem is a raging issue in the contemporary blockchain world and for all the right reasons.
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Very simply, the blockchain-oracle issue refers to blockchain’s inability (given its underlying protocol restrictions) to access off-chain or real-world data.
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Oracles can be defined as middleware solutions that are designed to connect blockchains with the off-chain or the external world.
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Now, oracles can be centralized and decentralized. Centralized oracles are conducted by one single centralized entity which eliminates possibilities of verifying the data fed…
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TRON has long suffered from blockchain-oracle problems given the absence of any oracle on its network.
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Bridge Oracle is TRON’s first ever dedicated public oracle system. Being a public oracle, it will allow mass participation of small businesses and enable them to implement their…
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It’s to note here, Bridge Oracle is the first to liberate TRON from the blockchain-data disconnection issue and empower smart contracts on the network to contribute more actively…
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JustLink oracle is another latest decentralized oracle that went live on TRON on October 30, 2020.
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“Happy to announce #JustLink, #TRON’s 1st oracle project, is officially LIVE!”, tweeted TRON CEO Justin Sun on October 30, 2020.
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Creating a world of trustworthy and accessible data”
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However, Sun’s description of JustLink as “TRON’s first oracle” has drawn criticism from the Bridge oracle community-
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“Hi Justin, we started a year ago to plan the first oracle system on the tron network, but it wasn't for justlink.. but for #bridge_oracle.
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JustLink oracle will enable developers in the TRON DeFi scene to source off-chain crypto data like stablecoin exchange fees, lending prices, market estimations etc.
The Currency Analytics
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