Connect with us

Press Release

How will oracles iterate? The dark horse SEOR tells you the answer

Published

3 years ago

on

After the boom of DeFi Summer in 2020, on-chain DAPPs have been fully developed in terms of their types and uses. Although KYC is not required for DeFi, it is a rigid need to use oracles to communicate transaction data because of its core transaction function. In terms of NFT, although there are various types of on-chain native products, since part NFT products are mapped to the chain through traditional assets, this also involves data interaction.

The Demand for More and More Diversified Data

In terms of the development of the traditional financial industry, the use of information other than transaction data in financial derivatives is increasing, such as the weather futures based on weather conditions, carbon emissions futures based on carbon emissions, etc.. DeFi is built on the basis of replicating traditional finance, and inevitably will copy other more diverse derivatives in traditional finance in the future. This will certainly make DeFi use of on-chain data and off-chain data become an immediate need.

The trend of NFT is more obvious. Whether it is a collection of NFT products, or content in the metaverse, it is also starting to be more or less linked to real assets or IP. Future identity information, credit information, etc., may also exist in the form of NFT. Frequent interaction between NFT and off-chain data in the future is likely to be the general trend.

Predicaments of Existing Oracles

However, functions of extant oracles seemingly can hardly cope with such rich usage scenarios and diversified demands. 

First of all, almost all of the current functions available in oracles are focused on on-chain information. There are very few oracles that are capable of interacting with off-chain information.

Second, the resulting problem is that the oracles on the blockchain are not designed to interact with the Internet and other data, leading to single operation modes.

Third, what is even more unacceptable is that the current oracles can not juggle the information flow between layer 1 and layer 2. 

Fourth, since many oracles are designed earlier, developers did not consider integrating it into DEFI or NFT, which incurs a larger cost of use to DAPP developers. 

Fifth, most oracles support a limited number of public chains. Many people anticipate that the future will witness the arrival of multiple public chains, and it is obvious that the current oracle products are not prepared for this. 

Finally, the rewards and penalty mechanisms of oracles for information authentication and falsification are not well developed. 

In response to these problems, SEOR Network proposes a new oracle solution that will represent an important cornerstone of a pluralistic blockchain world.

SEOR’s Innovations

First of all, SEOR Network supports both on-chain and off-chain data. At the same time, in order to let the off-chain data better serve the various DAPPs on the chain, SEOR Network is designed to provide three modes of request/response, subscription/broadcast, and immediate reading, which basically covers the main data interaction modes at our current stage. This relatively full range of data interaction modes also makes it convenient for Internet companies and traditional industries to integrate the functions of SEOR Network into their applications. In addition, SEOR Network also supports multi-chain or cross-chain DAPP, providing a one-stop service for applications that deploy on both Layer 1 and Layer 2.

SEOR Network relies on two core functions to ensure data accuracy. First, the first method is to use a multi-node validation model that does not rely on centralized nodes. The accuracy of the data is based on the data provided by the majority of nodes. Some people may worry that if a large number of nodes “copy” each other’s data, the accuracy cannot be guaranteed. In order to avoid this problem, SEOR Network has designed a “submit-reveal” mechanism that regulates that when multiple nodes obtain external data, their data transmission is encrypted and the nodes do not see each other’s data. Second, all the data transmitted at the same time will be decrypted, during which step we can verify which data has been accessed by most of the nodes. Both approaches ensure the data accuracy of the data and avoid malicious node practices.

More Upcoming Events

Follow SEOR Twitter: https://twitter.com/SEOR001

Retweet, like, tag three friends with the hashtag #LetsTrySEOR #SEOR

Join the SEOR community: https://t.me/SeorGroup and are actively involved.

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Related Topics:
Continue Reading

Press Release

ReelDAO Joins NVIDIA Developer Program: Revolutionizing the Short Film Industry with AI and Blockchain

Published

1 hour ago

on

December 24, 2024

By

图像

ReelDAO, a pioneering decentralized platform dedicated to transforming the short film industry, has officially joined the NVIDIA Developer Program. This collaboration marks a significant step in ReelDAO’s mission to harness generative AI and blockchain technologies, empowering creators and reshaping content creation and distribution worldwide.

“We are thrilled to join the NVIDIA Developer Program,” said the founder of ReelDAO. “This partnership will accelerate our technological innovation, particularly in AI-powered creation tools and Web3 decentralization.”

Empowering Short Film Creation with AI

ReelDAO’s proprietary VisionaryAI engine, enhanced by NVIDIA’s technological support, is poised to redefine the industry:

  • Intelligent Scriptwriting: Leveraging NVIDIA AI for seamless narrative construction.
  • Dynamic Video Production: Accelerating rendering speeds and improving visual quality with GPU-optimized tools.
  • Real-Time Effects: Delivering Hollywood-level special effects to independent creators at reduced costs.

Blockchain and AI Synergy

As the first Web3-powered short film platform, ReelDAO integrates blockchain technology to decentralize content creation, distribution, and revenue management. With NVIDIA’s support, ReelDAO is enhancing smart contract optimization and distributed computing, further solidifying its industry leadership.

Through the native RDO token, creators can access AI tools, participate in governance through voting, and enjoy equitable revenue sharing, fostering a community-driven ecosystem.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Yair Fridrich Launches Guliverr to Transform the Freelance Marketplace

Published

3 hours ago

on

December 24, 2024

By

CEASEREA, Israel, 24th Dec 2024 – Guliverr, a new platform founded by entrepreneur Yair Fridrich, has been introduced to redefine the freelance economy by providing businesses with access to the top 1% of freelancers. The platform aims to address challenges faced by companies in hiring high-quality talent, offering a curated marketplace that emphasizes quality, affordability, and efficiency.

Innovative Leadership Behind Guliverr

Yair Fridrich, a self-taught entrepreneur, has gained global recognition for his expertise in business strategy and growth. Despite lacking formal education, his contributions have significantly impacted industries such as aviation, finance, healthcare, and food services. His consulting services, known for their transformative results, have been sought by major corporations, including McDonald’s.

Key Features of Guliverr

Guliverr has been designed to address inefficiencies in the freelance marketplace, offering a streamlined experience for businesses and freelancers.

Elite Talent Pool: A rigorous vetting process ensures that only the most skilled freelancers are available for hire.

Competitive Pricing: Operational efficiencies allow businesses to access top-tier talent at fair and affordable rates.

User-Friendly Interface: The platform simplifies the hiring and management of freelance professionals.

Comprehensive Services: A wide range of services, including digital marketing, web development, and graphic design, is available to meet the needs of modern businesses.

Impact on Businesses and Freelancers

The platform is positioned to become an essential tool for businesses seeking reliable freelance talent. It eliminates uncertainties such as hidden fees and unverified qualifications, enabling companies to focus on achieving their objectives.

For freelancers, Guliverr provides an opportunity to join an exclusive network, ensuring access to high-profile projects and fair compensation.

Market Significance

Guliverr’s introduction is timely, as the demand for remote work solutions continues to grow. The platform addresses critical gaps in the freelance economy, offering a dependable and scalable solution for businesses worldwide.

About Guliverr

Guliverr is a curated freelance platform designed to connect businesses with top-tier global talent. By prioritizing quality and transparency, the platform sets a new standard in the freelance economy, catering to diverse business needs.

For more detail Visit https://guliverr.com

Media Contact

Organization: Guliverr inc

Contact Person: Yair Friedrich

Website: https://guliverr.com

Email: info@guliverr.com

City: CEASEREA

Country: Israel

Release Id: 24122421848

The post Yair Fridrich Launches Guliverr to Transform the Freelance Marketplace appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Diabetics Trust Launches Transparency Pledge to Revolutionize the Sale of Diabetic Supplies

Published

3 hours ago

on

December 24, 2024

By

San Francisco, California, United States, 24th Dec 2024  – Diabetics Trust, a leading buyer of diabetic supplies, has unveiled its groundbreaking Transparency Pledge, setting a new standard in the industry. This initiative ensures that individuals looking to sell diabetic test strips, CGMs, and other supplies experience a streamlined, transparent, and hassle-free process.

The Transparency Pledge introduces clear guidelines, fair payouts, and fast payments within 1-2 business days of product verification. Unlike many competitors, Diabetics Trust eliminates hidden fees and ambiguous conditions, providing sellers with a reliable and predictable experience.

Commitment to Transparency and Customer Satisfaction

Diabetics Trust’s manager, James Mary, emphasized the company’s dedication to creating a fair marketplace.

“Our mission is rooted in transparency. We believe our customers deserve clarity, fairness, and efficiency throughout the entire process. This pledge reflects our commitment to delivering an honest and seamless experience.”

Addressing Rising Healthcare Costs

With the increasing burden of healthcare expenses, selling unused diabetic supplies has become a practical way for individuals to recover costs. Diabetics Trust not only empowers sellers to earn extra cash but also contributes to sustainability by redistributing quality supplies to those in need.

The company’s transparent process includes:

Fast Payments: We always try our best to process payments within 1-2 business days after verification. PayPal payments are usually instant. 

No Hidden Fees: Sellers know exactly what to expect upfront.

Return Option: Rejected items can be returned for a nominal fee.

A Step Towards Sustainability

By encouraging the resale of unused diabetic supplies, Diabetics Trust supports waste reduction and promotes access to affordable healthcare products.

About Diabetics Trust

Diabetics Trust is committed to empowering individuals through transparent, efficient, and ethical practices. The company specializes in buying diabetic test strips, CGMs, and lancets, ensuring customers receive the highest payouts with no surprises.

For more information on how to sell diabetic supplies, visit DiabeticsTrust.com. 

Media Contact

Organization: Diabetics Trust

Contact Person: James Mary

Website: https://diabeticstrust.com/

Email: Support@diabeticstrust.com

Country: United States

Release Id: 24122421849

The post Diabetics Trust Launches Transparency Pledge to Revolutionize the Sale of Diabetic Supplies appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us