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2019-10-25

BOSCore announced BOS Oracle

boscore-announced-bos-oracle

BOSCore developers recently announced the BOS Oracle. This is a service that provides verified external data for DApp smart contracts deployed on the BOS blockchain. In this way, developers will be able to create dApps that can interact with external data from the blockchain, and provide a richer user experience for a wide range of consumer applications.

Their Oracle service is based on 3 kinds of participants, whose functions balance each other to align incentives and create a trustless and fair system.

  • Data Providers: Providing data or services
  • Data Users: Consuming data
  • Arbitrators: Dispute resolution

Each participant is accessed, incentivized and judged independently and the robust credibility of multiple participants contributes to the fairness of the system.

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