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Poll

what do you think the best decentralized Oracle in the long run?

LINK(Chainlink)
BAND(Band Protocol)
DIA (Decentralized Information Asset)

Author Topic: Your best decentralized Oracle choice  (Read 8573 times)

Offline Master107

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Your best decentralized Oracle choice
« on: December 23, 2020, 03:42:14 AM »
The battle of decentralized Oracles.
Decentralized Oracles connects smart contract to any piece of data and provide stronger security, but still can be attack. It can process more complex data than smart contract.

Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. In Chainlink's case, the oracles are connected to the Ethereum network. Oracles provide external data (e.g. temperature, weather) that trigger smart contract executions upon the fulfillment of predefined conditions.LINK CMC

DIA (Decentralised Information Asset) claims to provide financial institutions with an immutable and verified single source of financial market data for any market and asset type. DIA also claims to be an open-source, data and oracle platform for the DeFi ecosystem. DIA CMC

BAND (Band Protocol) is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.BAND CMC


What do you think the best decentralized oracle in the long run?

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Your best decentralized Oracle choice
« on: December 23, 2020, 03:42:14 AM »

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Re: Your best decentralized Oracle choice
« Reply #1 on: December 23, 2020, 06:20:02 PM »
I have to vote LINK, along with many others here I imagine. The others I don't know too much about, apart from BAND which I found interesting sometime ago. This is also because Chainlink is the largest DeFi project at the moment, so betting on the winning horse never seems like a bad idea.
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Offline Pluto25

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Re: Your best decentralized Oracle choice
« Reply #2 on: December 24, 2020, 08:04:01 AM »
Above three decentralized projects, chainlink, bandprotocol, and DIA data, I voted dia data decentralized project because I already invested some DIA with my bounty rewards token and my all dia keep in my binance wallet.

Offline codehash

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Re: Your best decentralized Oracle choice
« Reply #3 on: December 24, 2020, 10:55:26 PM »
My choice will definitely be DIA. They have very strong partnership agreements. The future is very bright. It can come to very good places. I think it is a good investment.

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Re: Your best decentralized Oracle choice
« Reply #4 on: December 25, 2020, 03:46:21 AM »
Decentralization will always be the IN thing. Now, of the three which can really survive and flourish can be hard to determine even if we have to consider the many features they are offering. The one determinant will always be the market and the supporters of the said decentralized platforms. I might be betting more on DIA for now but who knows what can change in the next few months and years -- nobody can be certain. Or maybe a better and new player can show up taking all the advantages of these three into one...maybe just maybe. So why not support them all...that is if one has the funds to be able to do so.

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Re: Your best decentralized Oracle choice
« Reply #5 on: December 26, 2020, 06:11:21 PM »
While I'm making my steps in crypto trading I am now a little bit learning to become selfish and don't want to provide any opinion that may seems favorable to a particular coin. Maybe this is just a normal for some newbies like me to feel this way. I dont. Know.

Offline missbtc

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Re: Your best decentralized Oracle choice
« Reply #6 on: December 26, 2020, 06:41:38 PM »
If you look at the Circulating Supply of each of these cryptocurrencies, it will be clear that DIA is the most undervalued.  that's why I choose it for investing.  I believe that DIA has more chances to grow than others.

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Re: Your best decentralized Oracle choice
« Reply #6 on: December 26, 2020, 06:41:38 PM »


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Re: Your best decentralized Oracle choice
« Reply #7 on: December 26, 2020, 07:59:59 PM »
For now, Link still lead the Oracle space and the team seems to have strong partnership to back it up. DIA is one that I am looking into personally because out of the three projects it is still greatly undervalued. I believe the space is big enough for the 3 projects to be successful
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Re: Your best decentralized Oracle choice
« Reply #8 on: December 26, 2020, 08:03:44 PM »
At present chainlink, DIA, Band protocol is much more popular. However, chainlink DeFi tokens are in a good position. Its price is much higher than other coins. So three of the decentralized projects were much better. However, DIA and Band protocol are best for long term investment.
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Offline Cinno3

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Re: Your best decentralized Oracle choice
« Reply #9 on: December 26, 2020, 08:57:49 PM »
The price of DIA token went up a lot. So it is expected that prices will increase a lot in the future. But we should wait. I think now is the best time to invest. Or you can get profit by buying DIA and trading. Or I think investing in other DeFi tokens is profitable.
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Re: Your best decentralized Oracle choice
« Reply #10 on: December 26, 2020, 09:04:53 PM »
All the options are good for the long run, they have strong teams and interesting concepts to develop the projects. I also have invested in LINK and DIA, maybe consider investing in BAND in the near future. As I said that all are great tokens, I cannot state which one is the best because they are all potential coins to be popular in the future.
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Offline Master107

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Re: Your best decentralized Oracle choice
« Reply #11 on: December 27, 2020, 01:41:12 AM »
All the options are good for the long run, they have strong teams and interesting concepts to develop the projects. I also have invested in LINK and DIA, maybe consider investing in BAND in the near future. As I said that all are great tokens, I cannot state which one is the best because they are all potential coins to be popular in the future.

All choices are really great with great team and constant updates. Investing in three projects would be wise too as we can see each tokens perform well despite of decrease moments. Strong team with great concept and community support is equal to good future.

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Re: Your best decentralized Oracle choice
« Reply #12 on: December 27, 2020, 02:07:34 AM »
DIA is my first decentralized finance coin which I obtained from bubbalex maintained bounty campaign rewards. DIA now is very popular decentralized finance project which ico price $0.05 . I voted only DIA .

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Re: Your best decentralized Oracle choice
« Reply #13 on: December 27, 2020, 07:40:54 AM »
I will go for LINK since its widely use by most defi today its oracles was already proven to be very effective in different platforms so I will stick to Chainlink for price oracles lets see in the future if who will prevail in this battle every year there are more better projects that will emerge lets wait and see more competitors.
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Re: Your best decentralized Oracle choice
« Reply #14 on: December 27, 2020, 09:58:29 AM »
IMO, I believe DIA is more promising and attractive than any other chooses, But Link has fundamentals too, so both platforms are good and have the future in Oracle services but we dont know yet if there was another competitor to challenge them soon, thats why the best thing to do is to make their platform more competitive to cement their legacy.

 

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