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It's called the oracle problem, and was identified for blockchain apps as early as 2011. It's a difficult problem to solve, but it is solvable for certain appli
by magnamerc 7y ago
It's called the oracle problem, and was identified for blockchain apps as early as 2011. It's a difficult problem to solve, but it is solvable for certain applications. For example, MakerDAO solves their price oracle problem by using a set of whitelisted ETH/USD price API's. The whitelist is controlled via governance through the MKR token.
- artificialLimbs 7y agoSo, it's crypto all the way down?
- hndamien 7y agoExcept for that whitelist part.