You are viewing a single comment's thread from:

RE: Steemit Crypto Academy Contest / S8W4 - Blockchain Oracles

Dear friend @habdallah first of all thanks alot for taking part in Contest and i just read your blog about blockchain oracles and you explained each thing very simple and clear and anyone can learn from your blog and it's good thing that you learned so many things from this contest.When i visited your blog i also learned so much new information about blockchain oracles.

As you explained that blockchain oracles is a path or way that make possible blockchain to connect with the real world and it's totally right and blockchain oracles are the only way for blockchain to get information from the real world for smart contracts and some other purposes and it's right it's a way or path between off-chain and on-chain and you explained each thing very well with simple example that blockchain oracles work as broker between the blockchain and the real world and I'm totally agree with your answer.You explained the each type of blockchain oracles very clear and you're right its bridge and blockchain oracles firstly verifiy and validate data and then transfer it to blockchain and each type you mentioned with thier specific work is very well.

As you explained very well about decenterlizied oracles and you write that decentralized oracles handle by single entity but collect the data from different sources and then Verify and validate the data and this thing helped it to safe from the attacks or hacks.After that you mentioned about the use case of decentralized oracles in different sectors like defi & insurance and you explained all the things good.Overall you made a very good blog about blockchain oracles and i learned so many things from your blog and thanks again for sharing with us and wish you good luck for the contest ✨

Sort:  

Thank for your kind and benefitable feedback

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 62300.84
ETH 2421.47
USDT 1.00
SBD 2.56