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

Introduction


Greetings to the entire Steemit Crypto Academia community, we hope everyone is well and enjoying this 8th season of the Steemit Engagement Challenge.
We are already finishing the 3rd week and giving start to this 4th week, for this week we want you to be able to research Blockchain Oracles and give your opinion about each question posed.


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Contest theme: Blockchain Oracles


The interaction between the real world and blockchains is necessary; because in that way blockchains can develop their power. Blockchain Oracles are one of the tools that blockchains use, to be able to interact with the physical world.

Blockchain Oracles are the medium that communicates the cryptographic world with the physical world, so blockchains can develop all the potential they have to offer to people.

When Smart Contracts require information to execute an order, that is where oracles come in, giving the information required for a certain order to be executed. An oracle's main function is to nourish the blockchain with the necessary information.

There are different types of Oracles Blockchains, centralized Oracles, and decentralized Oracles.


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What is the expectation of this challenge?


  • Do you know what Blockchain Oracles are? We want to know your opinion.

  • What are the types of Oracles?

  • What do you think about decentralized Oracles?

  • Give us a use case of a decentralized Oracle.


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Contest Guidelines


  • Post your articles in the Steemit Crypto Academy community. The participation time is between Monday, March 20th, 2023, 00:00 UTC to Sunday, March 26th, 2023, 23:59 UTC.

  • The article should be at a minimum of 500 words. You can write more. Your article must be free of any form of plagiarism.

  • Your article title should be Steemit Crypto Academy Contest / S8W4 - Blockchain Oracles. Add the tag #cryptoacademy-s8w4 and other relevant tags.

  • Participants must be appropriately following #club5050 or #club75 or #club100.

  • Participants must be verified and active users on the platform.

  • The community moderators would be leaving quality assessments on your articles and probable upvotes.

  • In addition, your article must get at least 10 upvotes and 5 valid comments to count as valid in the contest, so ensure you interact with other users' entries. Do not be involved in vote-buying.

Rewards

  • SC01 would check on the entire 7 participating communities and upvote outstanding content. Upvote is not guaranteed for all articles. Kindly take note.
  • At the end of the week, we would nominate top 3 users that had performed well in the contest and they would be eligible for votes from SC01/SC02.

Important Notice: The nomination of the top 3 users in our community is not based on good grades alone, it includes their general engagements (quality and quantity of their interactions with other users' articles) to measure the overall performance. Also note that generally, you can only make one post per day in the Steemit Engagement Challenge.


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Conclusion


The importance of Blockchain Oracles is that they help to have a communication between the real world and blockchains.

We look forward to seeing your participation this week and good luck.

Sort:  

Kontes yang bagus, Tapi saya tahu sedikit tentang Oraclas, Semoga saja saya berhasil dalam tantangan ini😊

Greetings friend, I invite you to investigate and make your own opinion. We look forward to seeing your input. Hope you are well.

Heheh, I'll write as well as possible😅

I was also not aware of blockchain oracles till today's morning but now I have good information after reading multiple articles. Do research and you will understand the topic easily. Wish you best of luck for the contest.

Heheh, it's true that let's write😄

Nice topic for new week

Saludos amiga, espero ver tu entrada. Que estés bien

Inshallah, this week will help us to learn new things. Preparing my entry 😊

Espero ver su entrada, que estés bien. Saludos.

This contest has been included in the daily Active Contest List

Contest Alerts: Active Contest List on 20th March 2023 - Win 950+ STEEM

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#ContestAlerts #winwithsteem

hello @crypto-academy.. I am very interested in participating in the contest that you are holding, I want to develop my writing skills. can i take part in this contest?

Greetings friend, you must have an active account, you have months without writing, I invite you to participate in different communities, especially the communities of your country, so that you can then participate in this community.

To participate in this community it is necessary that you are participating in club5050, club75 or club100 and be active.

Recommendation: You should start writing in different communities.

Soon I wish to see your participations.

Be well.

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