People familiar with the Ethereum ecosystem may have heard of a project called Oraclize. This particular project is used as a data carrier for decentralized applications on the Ethereum blockchain. Earlier today, the company reached over 100,000 mainnet transactions. An important milestone for an oracle service running for nearly two years now.
Oraclize is Hitting Major Goals
It is good to see services such as Oraclize finally gain some of the recognition it deserves. The world’s leading oracle service has been around for nearly two full years now. It provides on-demand data carrier services for all decentralized applications on the Ethereum blockchain. Since smart contracts can’t gather data on their own, Oraclize can be of great value. Moreover, the entire service is enforced by cryptographic proofs, creating a trustless system.
Quite a few applications make use of the Oraclize ecosystem so far. Stackexchange, vDice, proof of Identity and the Youtube Contract are just a few examples. All of the contracts making use of this trustless data carrier service have generated over 100,000 mainnet transactions. That is a major milestone for an oracle service. It also highlights
Read more ... source: LiveBitcoinNews
Advertise on the Bitcoin News
Let's block ads! (Why?)
Powered by Bitcoin Central