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RE: New Updates About Oracles for SMTs
do Oracles fit well into the blockchain concept or are they more privately managed with less consensus verification? ty
do Oracles fit well into the blockchain concept or are they more privately managed with less consensus verification? ty
An Oracle will be a normal Steem account, which is elected by the SMT community to fill in that role. So, anyone can be an Oracle for a SMT - just as anyone can be a witness on the Steem blockchain - provided they will run an Oracle node, most likely, but that's already speculation.
To better answer your question, a quote from steemitblog comes handy:
So, the communication between the Oracles and the Steem blockchain will come pre-consensus.
thank you, i don't understand a lot, but i'm trying to keep up (-:
You're welcome! Don't worry, there will be plenty of time until these Oracles will go into action. Until then, everyone will have a clearer picture of what they are doing.