Tag: Oracles

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Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems

The two seek to improve their blockchains with each other’s tech from cross-chain bridges to decentralized exchanges to oracle networks. AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol…
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Chainlink releases new whitepaper in a shift toward smart contract computations

In its new vision, Chainlink would allow anyone to deploy an arbitrary executable on its network. Chainlink (LINK) has unveiled its new whitepaper on Thursday, which details a planned expansion and pivot into creating oracle networks for computation. The proposal would see Chainlink generalize its oracle network into a “meta layer” of Decentralized Oracle Networks,…
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Tezos gets new oracle through Wolfram Blockchain Labs integration

Wolfram Blockchain has fully integrated Tezos, bringing data to and from the blockchain. Wolfram Blockchain Labs, the cryptocurrency-centric division of popular computing engine provider Wolfram Alpha, is adding support for Tezos on its platform, providing a two-way interface with the blockchain. Announced on Monday, the integration adds support for Tezos blockchain data within the Wolfram…
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Chainlink rolls out OCR system upgrade, reducing gas costs tenfold

The Off-Chain Reporting upgrade changes how oracles aggregate data, easing the burden on the blockchains. Chainlink (LINK) has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already. OCR changes how data across multiple sources is…
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Critics grumble as YieldWars uses AP election call as an oracle

YieldWars used Associated Press data to settle their prediction market, but some question the validity of using their call as an oracle Following the Associated Press’ call earlier today that President-elect Joe Biden had won victory over incumbent Donald Trump in the U.S. presidential race, the 174 year-old organization — which has been covering elections…
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