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The sea of stars that the blockchain once promised... What if... come true?
At SupraOracles, we know that blockchain technology holds the key to revolutionizing the financial system, the future of human coordination and autonomy. Blockchain provides a new paradigm for how to manage, store, consolidate and accumulate wealth through digitized value. A globally shared distributed ledger could begin to replace rent-seeking intermediaries such as banks and other institutions, providing more efficient solutions than traditional finance.
We are building SupraOracles to expand the range of possibilities that blockchain networks and smart contracts can achieve. We are making waves and starting to build a community passionate about designing and programming the financial infrastructure of the future.
"if……"
A heartfelt reminder to all of us developers and future entrepreneurs:
ifHow can you help the 1.7 billion unbanked people around the world with just one app?
ifHow about a mobile game you envision that could help people in developing countries generate an extra side income, thereby easing some of their financial burden?
ififYou can use IoT and blockchain to optimize supply chains and reduce food waste, thereby helping to alleviateWhat about going to bed hungry every night?
ifCan blockchain technology break the rules of the game that society tells you? You are not actually bound by your country, either politically or monetaryly...
ifHow can ordinary people generate higher returns through P2P DeFi than any other bank in the world?
ifHow about your financial status or earning ability not being so closely tied to your "social class" or education?
ifif…the blockchain contains the seeds to change almost everything in society, whileyou are
At SupraOracles, we are committed to helping brave entrepreneurs and designers usher in a progressive, connected, procedurally fair society that benefits us all…
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For those new to blockchain, the reason is this: One of the reasons many people are enthusiastic about blockchain is because of a concept called decentralized finance, or “DeFi” for short.Mark CubanandElon Muskand
Certainly understand this, as do millions of early adopters. Then most of the world's self-satisfied bankers and even governments would prefer you not to get involved. Why? Because in a peer-to-peer system like a blockchain environment, they become less important — humans don’t need to rely as deeply on bankers and governments as they did before.DeFi represents a new economic model that completely disintermediates the current financial industry — it upends the current structure in which governments, banks, and large corporations control most of our money and the global money supply. The real ambition of the blockchain is to achieve the most efficient global economy that is fair or “trustless,” meaning not dependent on the whims or promises of one person or institution. Instead, we can rely on the power of a shared global record of truth and cryptographic primitives that even the governments of the world cannot break. This is "the power of the masses"! A technological shift...and it's happening right before your eyes. it happens in。
the moment
The use of blockchain can eliminate the middleman in finance, and it has even greater significance. In the past, we relied on banks and governments as facilitators of financial transactions and human coordination. Under the new model, technology may completely replace these institutions themselves. Of course, this is an extreme case and unlikely to be fully realized, nonetheless almost everyone agrees that the less the government encroaches on our freedoms and the less ever-increasing fees banks pay, the better for society.DeFi is still in the early adopter stage, which means most people still see it as a risk. However, Dr. Philipp Sandner, founder of the Blockchain Center at the Frankfurt Academy and one of our supporters, predicts that,Crypto-based finance is here to stay
So what is the missing piece in the blockchain puzzle? Blockchain oracle.
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Blockchain Oracles Help DeFi Go MainstreamListen carefully... this is what most people don't understand about blockchain.If the blockchain is hot, then blockchain oracles will fuel the fire.
This problem is not obvious to those outside the blockchain industry, and many blockchain developers themselves are not even aware of it until they encounter special needs: the capabilities of the blockchain itself are limited because it cannot Data connected to the outside world. In other words, an oracle is a means of connecting external real-world data to a blockchain, thereby greatly expanding the possibilities of blockchain technology.
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If you're reading this and you're a developer new to blockchain... here's the surprise! It's not as simple as creating an API to connect your external data to your smart contract... which is a great thing for those who want to keep their data safe. Still, this poses a challenge for those trying to create decentralized applications or smart contracts.
solution:solution:
Cross-chain blockchain oracle. Oracles are nodes and protocol systems that can be used to connect external data to a blockchain, and even create communication channels and interoperability between multiple closed-loop systems.
here
These attack vectors will continue to hinder market growth and will be targeted until secure solutions are enabled. This is due to limitations of current oracle solutions:
Lack of transparency — no entity can provably check the accuracy of prices reported by oracles, allowing for undetectable misconduct.
Price Delays and Skews — Shifting asset pricing from off-chain to on-chain can cause small skews. In a dynamic market, the time delay from an event to its placement on an external chain is significant.
Lack of accountability — oracles should be held accountable for their actions. The basic protocol layer should further ensure security.
Exciting things are about to happen...
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what the oracle brings
DeFi can finally leverage our technology to its full potential as there is no longer a trade-off between decentralization, scalability, security, and fast finality. You can have all four elements.
As an oracle, we help developers instantly connect real-world data to the blockchain so they can confidently fetch the data they need and feel unstoppable. Is there a data source for the niche industry you want? Contact our customer service, we will form a star business development team to find providers of these data for you. Our oracles ingest large amounts of highly reliable and changing external data, so you can rest assured that your project (for DeFi developers and end consumers) is safe and secure from hacking. Using our oracles is capital efficient because we are able to provide a predictable pricing mechanism, so it is also cheaper in the long run and budgets can be made sensibly like any normal business.
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Together we will create a new paradigm of blockchain. Not just through our products, but through our company and community culture.
You can trust our people, products and operating model. We are supported by top investors, trusted by senior blockchain researchers, and institutional users all over the world.Click for more information。
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