follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Waves Releases Data Oracle Tools for Smart Contract-Enabled Blockchain Network  (Read 7099 times)

Offline Pegasus

  • Legendary
  • *
  • Activity: 1502
  • points:
    9826
  • Karma: 28
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 23, 2023, 06:19:09 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts

The developers of Waves (WAVES), a smart contract-enabled platform for creating decentralized applications (dApps), have released a new data oracle tool.

As explained by Waves’ #DevelopmentTeam , “data oracles are indispensable to blockchain infrastructure” as they effectively and efficiently provide important information. In order to make data oracles more accessible to end-users and developers, the creators of the Waves protocol have built their own proprietary software.

Blockchain-based Smart Contracts Unable To Access External Data

According to Waves’ official blog post, published on April 4th, 2019, “a smart contract written on the blockchain is unable to access data outside its own network.” In order to solve this issue, Waves’ team has developed data oracles which serve as “agents that find real-world information and feed it to the blockchain.”

This information is then used by smart contracts and dApps that have been deployed on a blockchain network, Waves’ blog post explains. As noted in the post, “oracles are tools that facilitate communication between the blockchain and the real world.”

Oracles Can Supply Currency Exchange Rates, Weather Reports, Election Results
Waves’ blog post further explains: “Data [that oracles] feed to the blockchain could be as diverse as currency exchange rates, weather reports, results of elections or sporting events, commodity prices, [and] flight and train timetables.”

Notably, Waves is not the only blockchain-enabled platform that has deployed its own data oracle tool. The Ethereum (ETH) network also has a native “Ethereum Oracle.”

How To Implement Data Oracle Tools

To implement data oracle tools, Waves’ blog mentions that users must obtain “an outside source of information and send an initializing DataTransaction.” After making this function call, which “announces the oracle and explains what type of data it will be providing,” the data becomes accessible to smart contracts issued on a blockchain network.

Going on to note some important considerations for developing comprehensive data oracle tools, Waves’ blog states that one problem might be properly determining whether “a data oracle for a specific type of information [set] is available on the blockchain.” Additionally, developers may want to look into “how often it is updated and what source of information it uses,” Waves’ blog states.

“Standardized Set Of Fields For Entering Information”

In order to meet these requirements, Waves’ team has developed a protocol specifically for data oracles which is essentially a “standardized set of fields for entering information to the blockchain.”

As noted in Waves’ blog, the platform’s developers provide a ”data oracle developing tool,” that can be deployed and accessed through “a single interface with a public directory of data oracles,” classified and organized “by category.”

Source

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


Offline masudginanjar

  • Legendary
  • *
  • *
  • Activity: 1855
  • points:
    19691
  • Karma: 1
  • Anonymous Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 06:52:33 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Search
Perhaps my criticism for this thread is that when WAVES creates smartcontracts, it must be able to access External Data such as seeing other people's tokens in their wallets.
Maybe this is also available, but if further developed, I'm sure this will be the best choice for WAVES.
THORMIXER██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████
.
  Anonymous Bitcoin Mixer 
.
████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄███████▄▄
▄██████████▀▀███▄
▄████████████▄▄██▀██▄
▄█████████████▀██▄████▄
▄██████████████▄▀██████▄
██████████████▀█▄████████
█████████████████████████
██████████████▄█▀████████
▀██████████████▀▄██████▀
▀█████████████▄██▀████▀
▀████████████▀▀██▄██▀
▀██████████▄▄███▀
▀▀███████▀▀

.
ONION
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██
████
█████████████████████████████████████████████████████████████████████████
.
START MIX.
█████████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██

██████

Offline kent47400

  • Legendary
  • *
  • *
  • *
  • Activity: 1995
  • points:
    22638
  • Karma: -1
  • Anonymous Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 05:49:33 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Search
-
And usually also needed a number of #DevelopmentTeam s who must be prepared to work hard for this in the development of Oracle.
Oracle is very strong for finance and items that have been developed, so surely Waves must also have a balance with Oracle.
THORMIXER██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████
.
  Anonymous Bitcoin Mixer 
.
████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄███████▄▄
▄██████████▀▀███▄
▄████████████▄▄██▀██▄
▄█████████████▀██▄████▄
▄██████████████▄▀██████▄
██████████████▀█▄████████
█████████████████████████
██████████████▄█▀████████
▀██████████████▀▄██████▀
▀█████████████▄██▀████▀
▀████████████▀▀██▄██▀
▀██████████▄▄███▀
▀▀███████▀▀

.
ONION
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██
████
█████████████████████████████████████████████████████████████████████████
.
START MIX.
█████████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██

██████

Offline jonathancool220

  • Legendary
  • *
  • *
  • Activity: 1981
  • points:
    21268
  • Karma: 0
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 05:36:07 AM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Search
This is good news for waves in 2019 in April, while it's already July and Waves has raised prices so rapidly.
Oracle Data Tools are very important for Waves's progress because this is true evidence for Waves continuing to work with computer experts from around the world, Oracle.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod