Tech Tech News Cardano News: Emurgo Releases Smart Contracts & Off-Chain “Oracle Core”

Cardano News: Emurgo Releases Smart Contracts & Off-Chain “Oracle Core”

Must View

Negotiators fail to reach deal in coronavirus relief talks

Friday’s assembly in Pelosi’s workplace capped off two weeks of closed-door negotiations between White House officers and Democratic leaders...

Ronald Koeman Outlines His Vision, Lionel Messi Future & Rebuilding Job at Barcelona

Koeman has left his role in charge of the Netherlands to return to Barcelona | TF-Images/Getty ImagesCall him brave...
Web Content Creator, Web Designer, Graphics Manipulator, Security and SEO analyst, Freelancer, Digital Marketer, Promotional Video Maker.

Cardano news continue to have an impact on the cryptocurrency market. This time, Emurgo, one of the companies behind Cardano (ADA) is announcing the release of their smart contracts & off-chain “Oracle Core.” According to a post in Github, the oracle core will be providing a HTTP API interface for reading the protocol state and another one for submitting data points. 

Cardano News: Emurgo Launches a New Solution for Developers

This is one of the latest Cardano news. The oracle market continues to attract a large number of individuals and users from all over the world as new solutions are being released. The oracle core will be a new off-chain solution that oracles who are part of an oracle pool will run. 

All the data points submitted are going to be generating a transaction and post it for the protocol to run. Oracles will be able to participate in this protocol without the need of having an additional effort from oracle operators. 

With this Cardano news, the Oracle Core will provide all the necessary code, tooling and smart contracts for developers that want to run one. These oracles are a certainly important part of the Cardano network that continues to expand with its recent Shelley release. The Oracles are going to be collecting valuable data from outside the blockchain and it will provide clear information to smart contracts.

During the last months, the Decentralized Finance (DeFi) market experienced a large expansion with a large range of projects experiencing massive gains. These DeFi solutions and firms are using oracles on a regular basis in order to provide some of the services they are currently offering. Oracles will definitely play an important role in the future of distributed ledger technology and Cardano wants to be at the forefront of the market. 

The GitHub post explains how the current oracle core is built:

“The current oracle core is built to run the protocol specified in the Basic Oracle Pool Spec. Future versions will also support stake slashing and governance, with the specs already available for reading in the specs folder.”

These are the latest Cardano news that will definitely attract the attention of the blockchain market. In the last 24 hours, the ADA virtual currency experienced a price increase of 3.33% as reported by CoinMarketCap. Currently, each ADA coin can be purchased for $0.111923 and it has a market valuation of $2.9 billion. 

Source link

Share this:


Please enter your comment!
Please enter your name here

Related Posts

Trending Now

The Move Well Project

This week's visitor is Chris Peil, a sports rehabilitation knowledgeable, who helps Olympians and the World’s Strongest Man get...

Rayan Ait-Nouri’s Energy and Spark Is Just What Wolves Need to Dominate Games

By Tom Gott | Oct 30, 2020, 10:15 PM GMTRayan Ait-Nouri loved an spectacular debut for Wolves | James Williamson - AMA/Getty ImagesRayan Ait-Nouri's...

MLW returning with new Fusion episodes next month |

MLW issued the next: MLW RETURNS WEDNESDAY, NOV. 18 @7PM •Stream on fubo Sports Network & YouTube – Wednesdays 7pm •Watch nationwide on cable & satellite tv...

Jegede Drags Akeredolu Before Ondo Governorship Election Tribunal

Eyitayo Jegede (SAN), candidate of the Peoples Democratic Party (PDP) within the 2020 Ondo State governorship election has challenged the outcome of the...


Your Next Web Project...

We are a team of professionals to help you setup your next Web Design/Development project. You dictate, we build.