Oracles

Martin Markov, 22137270

  • A way for blockchains to get data from the outside world
  • Used by smart contracts that need verified external data to properly execute

What is an oracle?

Types of Oracles

Software

Software gives input

(for example: Web API)

Hardware

Hardware gives input

(for example: IoT device)

Human

People give input

(for example: Historian)

Minimal

By Martin Markov

Minimal

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