Bridge Oracle is a prominent project in the cryptocurrency field that aims to provide blockchain systems with the ability to access real-world data. As a Public Oracle on the Binance Smart Chain (BSC), the Bridge Oracle system functions as a catalyst that injects external data into blockchain systems.
Understanding Bridge Oracle
Understanding the need for a bridge between blockchain technology and real-world data, Bridge Oracle serves as a connection point that makes it possible. By its very nature, blockchain technology is isolated and has no means of accessing data outside its network. Bridge Oracle addresses this issue, providing a channel for external data.
How Bridge Oracle works?
Bridge Oracle operates by injecting real-world data into blockchain systems. This facilitates a more seamless interaction between on-chain smart contracts and off-chain world, enabling them to function in a more versatile and practical way. This system essentially enables the blockchain to 'bridge' the gap between the digital and physical realm.
The Importance of Bridge Oracle in the Crypto Space
The Bridge Oracle system is a significant step towards the practical implementation of blockchain technology in everyday life. By enabling blockchain systems to interact with real-world data, Bridge Oracle paves the way for a wide range of applications, such as smart contracts that can be executed based on real-world events and conditions.
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