How Scalable Are Oracles to Handle Real-World Commercial Applications on the Blockchain?
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- QED network introduces new ways to solve the rising DeFi problems.
- QED oracle protocol designed to function effectively with any blockchain.
- DOS network designed to be scalable, reliable, and secured in mind.
The applications of decentralized finance (DeFi) are so vast and expanding that we can barely catch up. With blockchain technology, individuals can carry out financial transactions without the involvement of a middle man like the bank. Such transactions can only take place using smart contracts built on the blockchain.
Smart contracts are pretty efficient and can carry out almost any transaction. However, even with their colorful features, they have some restrictions in terms of capacity. One of such is their inability to access off-chain data.
To effectively utilize the power of these smart contracts, there is a need t ...
Text source: News – CoinQuora – Latest Cryptocurrency and Block
