What is a Link Oracle (Nest Oracle)?
What is a Link Oracle? Blockchain developers need to understand what an oracle
What is a Link Oracle? Blockchain developers need to understand what an oracle is. Link is a decentralized smart contract platform used to provide off-chain asset price information to other nodes or data service providers on-chain. The mechanism of Link is based on an open-source API built on Ethereum, allowing it to interact with external on-chain data.
To better understand the introduction of LINK, let’s briefly explain the principles and working methods of this oracle, which allows anyone to create a connector linked to a specific blockchain network. It also allows a blockchain network to directly obtain relevant data from the link without third-party intervention. Moreover, it can even send messages through the link and invoke another link to request price feed queries and ensure accuracy. (Medium)
Link Oracle Nest
The Link Oracle Nest tweeted: nEST is a decentralized Oracle (quotation protocol) based on blockchain. We are building a brand new Oracle system that enables DeFi through smart contracts and off-chain data. By performing calculations on-chain and obtaining real-world data sources, we can provide more accurate price discovery for the DeFi ecosystem.
Nest is a scalable and efficient data feeding solution designed to address issues faced by DeFi applications on Ethereum, Bitcoin, and other public chains. One of its design goals is to support all types of applications.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/11/what-is-a-link-oracle-nest-oracle/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Investigation into Credit Suisse Acquisition by UBS: Swiss Federal Prosecutors Launch Probe
On April 2, according to a report by the Financial Times, Swiss federal prosecutors have launched an investigation into the acquisition of Credit Suisse by a la
-
Data: China’s credit expansion will promote the global financial cycle and support global risk sentiment
According to reports, according to the data source MacroMicro, China\’s credit impulse index (which measures the change in new credit or bank loans to GDP) has r
-
#Polygon zkEVM Main Network: Gas Fees, Token, and Future Developments
It is reported that Polygon has updated its official document on matters related to the main network of Polygon zkEVM. The article points out that the main netw
-
Bitfinex plans to offer transaction fee discounts for new tokens launched
On April 20th, it was announced that Bitfinex, the cryptocurrency exchange, plans to reduce the transaction fees for all newly listed tokens by six months. Bitfinex customers can t
-
Silicon Valley Bank Files for Bankruptcy Protection
According to reports, Silicon Valley Bank (SVB) filed for Chapter 11 bankruptcy protection in New York. SVB Financial Group stated that the Group has approximat
-
UBS to Cut 20%-30% of its Workforce After Acquisition of Credit Suisse
On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suis
-
Coinbase Sues SEC for Industry Guidance: Seeking Clarity and Regulation for Cryptocurrency
According to reports, Coinbase\’s official blog post stated that it has sued the US SEC in federal court, demanding that the US Securities and Exchange Commissio
-
Circle Provides New Developer Tools Through Developer Dashboard
On April 4th, Circle announced that a developer dashboard was provided in Circle Account for developers to manage integration with Circle. The developer dashboa
-
Vitalik Buterin Transfers 5 ETHs: What Could It Mean?
According to reports, PeckShield monitoring data shows that the Vitalik Buterin address has transferred 5 ETHs to addresses starting with 0x3945.
Transfer 5 ETH -
FTX Lawyers Request Deltec International Group Transfer Promissory Note Assets
According to reports, FTX\’s lawyers have requested Deltec International Group (DIG) banks to transfer promissory note assets related to Alameda Research and for