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Author Topic: What is IEON Oracle?  (Read 118 times)

hisscotch

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What is IEON Oracle?
« on: March 02, 2021, 11:29:11 AM »

IEON Oracle is the transparent, decentralized oracles on BSC. It provides Binance Smartcain with off-chain data. Binance Smartcain is designed to be entirely deterministic. That means if we were to replay every transaction, we would end up in the correct state. If you include API calls or other non-deterministic sources into the infrastructure of blockchain, there is a good chance that the source will be depreciated, hacked, or even just broken, and we would not be able to validate transactions.

IEON Oracle enters every data input through an external transaction. This way, we can be sure that the blockchain itself contains all of the information required to verify itself. We are the bridge between the two worlds!

Come and follow us!

Twitter: https://twitter.com/ieon_oracle
Medium: https://medium.com/@ieon_oracle
Telegram: https://t.me/ieon_oracle
Github: https://github.com/ieon-oracle
Website: https://ieon.io

 

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