Source: OCTUSD Chart by TradingView
OracleChain is a smart contracts Oracle platform for the EOS platform, providing a market-enforced system for accurate data feeds to power decentralized prediction markets and any other EOS dapps which require oracle services into a smart contract.
A smart contract “oracle” is the bridge between the blockchain and data from the real world. OracleChain’s system works similar to the in-built witness systems in blockchain prediction market players Gnosis and Augur, whereby node operators on the network are rewarded and punished for the accuracy of their data feeds, providing a reliable and scalable mechanism to provide other EOS dapps with smart contract oracle services.
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