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RE: Steemit Crypto Academy Contest / Season 8 Week 4 - Blockchain Oracles

Dear friend @goodness2 first of all thanks for taking part in the contest and you shared your search and thoughts about blockchain oracles with us and i really appreciate your work.It's very good that blockchain oracles are the future of trust wallet and will also play an important role i future to secure the internet.As you mentioned you don't know about blockchain oracles and then after your research you explained that blockchain oracles is a bridge between the smart contracts and the external data from the outside of the blockchain and I'm totally agree with your answer and you also shared your thoughts that blockchain oracles is way of trust between the smart contracts and the providing data by the different sources to the blockchain.

you explained very well about the types of blockchain oracles and the first type is autonomous oracles and these are the oracles that help blockchain smart contracts with the real world and then you mentioned the second type of blockchain oracles network oracles and these are computer programmed and you explained each type of blockchain oracles very clear and simple.You shared your thoughts about decenterlizied oracles and these oracles are really revolutionary and these oracles has the potential to provide the secure data to the smart contracts in blockchain.Also decentralized oracles has some proper sources that they get the real data for the blockchain and they have also potential to access the data.

You explained good about the use case of decentralized oracles and the first use case is that they can be used in context of smart contracts and they can be also used to determine the requirements in the smart contract.Overall your blog is really informative and got so much information and i wish you good luck for the contest.

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