Starting with the share on the importance of data in smart contracts I proceed to cover oracles – what are they, their need and some categories of oracles. I talk about the Oracle problem and how it is being addressed – taking ChainLink and TownCrier examples.
Welcome to the Blockchain Hustle where I take a look at some interesting plays of how blockchain technology is opening up new business vistas across multiple industries.
TIME STAMPED SHOW NOTES:
[00.17] Introduction
[00.36] Data triggers in smart contracts
[01.26] Internal and External data triggers
[02.08] What are Oracles
[02.31] Why do you need Oracles
[03.58] Hardware and software based oracles
[04.31] Oracle problem
[05.01] Examples to address Oracle problem - ChainLink, TownCrier
[07.05] Summary
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