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The Oracle problem renders the trust component of the blockchain untrustworthy. The storage expense of using a blockchain (because of the validation required) i
by dougSF70 5y ago
The Oracle problem renders the trust component of the blockchain untrustworthy. The storage expense of using a blockchain (because of the validation required) imposes the requirement of using off chain DB for storage. So you end up with the most economically viable use for Blockchain being the validation of high value digital transactions..e.g
Crypto. Perhaps this is why crypto prices will continue to rise, since the validation component requires energy ($) to function and the more transactions that take place, the more validation is required - I believe it does not scale linearly even though it happens in parallel.
Since validation fees are paid in crypto, crypto prices must rise as more validation takes place. It is sort of circular.
I could be 100% wrong though.