Broaden your horizon to new markets through
integration with the Plugin Blockcha
Co/ Centralized Oracles
Computing acts as a single entity,
which provides critical data from
an external source to a smart
contract, operating with a set of
security features.
Due to its architecture, such
oracles are controlled by a
single source which
predominantly works as the sole
source of information for smart
contracts.
These oracles have a simple
architecture with lesser
investment in terms of
infrastructure and
maintenance.
Blockchain Oracle Problems
result from the inability of
oracles to verify the integrity
of their data.
Be/Caz6Nv9Jc84 Looking at all
above problems, Suvik Group of
Companies, established in UAE,
decided to start decentralized
data Oracle Network called
"PLUGIN".
Data collected from different
oracle nodes is consolidated
to arrive at the correct value.
The main advantage of using Plugin is
that the data feeds are being provided by
the platform at a very low cost compared
to any other oracle providers as also the
data feeds are highly diversified
according to the needs of the customers
and the XinFin community.
As a result, Plugin can be
considered as a
decentralized oracle provider
which is economical,
scalable, and highly trusted.
The potential of decentralized
applications is limitless, and
oracles are an essential part
for enabling them to
standardize our institutions.
In addition to development of the
decentralized Oracle Network Plugin;
Plugin has been able to integrate with
XDC SmartLock, an opensource platform
that allows users to lock XDC away in a
smart contract until a triggering event is
received from an oracle data feed.
Contact Us At:
https://goplugin.co/