Blockchain Oracles Explained! (Smart Contracts NEED This)

If you're looking for a place to have blockchain oracles explained simply, this is the video for you. Oracles are, in essence, hardware and/or software services that provide external data to smart contracts on the blockchain. In a future video, I will break down the way that Chainlink, one of the most popular oracle platforms does this on the Ethereum blockchain.

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🔺 This description box contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. Most often, I include links to products when I do product reviews, but I do not allow brands to dictate my message in relation to a product or service. You will always get my personal and honest opinion. Thank you.

The information in this video is an opinion and is for informational purposes only. It is not intended to be investment advice, nor does it represent any entity's opinion but my own. The opinions Seek a duly licensed professional for investment advice. I am not guaranteeing you gains on your investments and the content I produce is my own personal approach, opinion, and strategy in this highly speculative market.

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#Hashoshi #Cryptocurrency #Bitcoin

[Hashoshi]

Oracles are, in my mind, an essential tool in the dapp developers toolkit when creating valuable, user-friendly decentralized applications. What do YOU think? :)

[roachangel]

you really hashed that out. so great to see how people like you try to simplify such complicated, technical terms and just trying to convert the meaning so good so that people like me can understand. well done

[vicdelgui]

After searching in many videos about this concept, you could explain it with very clear examples. You add a lot of value to the community. Thank you so much!

[Romalainen]

Finally an actually well informed and competent guy talks about crypto simply :)
Thank you! Great and rare quality content on the matter!

[anandls]

Preety nice introduction to SC oracles. Liked the info about Hardware Oracles and also about the Data Market and potential centralization of the data market. Thanks again for the lovely video.

[browneagle]

I'm your newest biggest fan. OMG what a video. Thank you, I'm going to start my own company and help my people. Thank you.

[tigiant]

This information is very well explained.
Thanks. !

You have a new subscriber 👍🏾

[bjaburg]

Very clear explanation and proper examples. Thanks mate!

[singingaccount]

Hi Hashishi, Thanks for the great explanation. Concise yet complete!!

[christianmechwart]

great overview! can't believe more of your subscribers aren't looking into this.

[wiieman]

looked for so many explanations, somehow this was the easiest to understand, thanks! subbed!

[ipodtouch]

Wow this was a great advertising for chainlink at the time.

[nacholupotti]

here u have ur subscription, good man.
Thanks for this clear explanation!

[nicolastanzi]

Cool t-shirt! And great explanation! Thanks

[moarteapetrecerii]

Elrond & Chainlink is gonna be awsome 🥂💎🙌🏻🚀😍

[donpatrickp]

Great video on Oracles ..Bring awareness to Special consideration on Smart-contract design ...so they can be truly smart

[jmysabbagth]

hey man, great video, just gained a new sub

[okY]

hey hashoshi, nice to see you find time to post videos again!

[francislavars]

This is a great explanation. The terms now make total sense...Before they were in my vocabulary, but I imagined "smart contracts " and "oracles" to be more than what they actually were...Good job : )

[RomanGanzer]

Thanks for posting! Hoping for some guidance: My Safe Wallet holds some Tether, and I have the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way to handle moving them to Bitget?