This is something we need to fix!
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A lot of decentralised applications are not fully decentralised and are relying on centralised services to provide data such as the price of USD/ADA. As a result, when these centralised services go down, so do the applications that use them.
This is why we need to use decentralised oracle services that provide a robust source of information that is stored on chain.
On Cardano, services such as Charli3 and Orcfax are the oracles of choice for decentralised applications.
Timestamps 00:00 Intro 01:49 But what is an Oracle? 02:28 Oracles on Cardano 02:38 Adoption of Oracles 03:35 Outcomes 04:11 Updates from Charli3 05:05 Charli3 Oracle Side Chain 06:36 Orcfax Validators 09:09 Charli3 Validators
Show note references https://twitter.com/RichardMcCrackn/status/1745231053890183679 https://twitter.com/liqwidfinance/status/1745253381352919173 https://twitter.com/wingriderscom/status/1745350774878613794 https://twitter.com/Oraclecharli3/status/1745234050049016266 https://twitter.com/orcfax/status/1745246449443676308
Charli3 Bridge https://twitter.com/Oraclecharli3/status/1743293055803814206 https://oraclecharli3.medium.com/charli3-bridge-is-live-step-by-step-guide-367bff6694ad
Charli3 Oracle Sidechain https://twitter.com/Oraclecharli3/status/1745162075473617231 https://cardano.ideascale.com/c/idea/114138
Orcfax Validators https://twitter.com/orcfax/status/1744830648584388827 https://medium.com/@orcfax/orcfax-validator-license-announcement-5da07ef1439c
C3 token price https://www.taptools.io/charts/token?pairID=0029cb7c88c7567b63d1a512c0ed626aa169688ec980730c0473b913.7020f302
Charli3 Docs https://docs.charli3.io/charli3s-documentation/summary
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=== *** None of the information on this episode is to be considered as financial advice. All conversations and opinions are that of the guests and are intended for educational and entertainment purposes only. Please do your own research and understand that cryptocurrencies are volatile and risky. https://www.youtube.com/watch?v=Fq8FhvxET2k
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