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Yes there must be interfaces with the real world. The classic example is a “tooth fairy” insurance policy where a smart contract yields a coin if the user loses
by programmarchy 5y ago
Yes there must be interfaces with the real world. The classic example is a “tooth fairy” insurance policy where a smart contract yields a coin if the user loses a tooth. How do you verify “proof of tooth”?
This is where the concept of an oracle comes in. Chainlink is attempting to provide a decentralized, tamper-proof oracle network for smart contacts so if you want to know about the cutting edge look at what they’re publishing.
- jerry1979 5y agoDo Chainlink oracles offer any kind of benefits over Discreet Log Contracts like the ones we see on Suredbits[0]? [0] https://oracle.suredbits.com/ https://oracle.suredbits.com/
- monkeydust 5y agoBut are you not then putting your faith into a central party (Chainlink) even if they apply some level of decentralization as to how they say publish a price level?