Multichain future & Oracle (With Niklas Kunkel - MakerDAO Oracle Core Unit Facilitator)
Channel: MrJiazi
Date: 2022-10-04

Niklas: "Traditionally Oracle in the crypto space have been seen as, something that tells you the price of something. Meanwhile I would say that is very useful, yet I think it is a little bit too narrow of a perspective.

The way that I see Oracle is that blockchains are like black boxes, but they are like independent networks and they cannot communicate with the outside world. And so when applications need data, they cannot just go on Google to search, right? Or they cannot just connect to APIs. And so oracles are the infrastructure that allows this tunneling of data from outside of a blockchain to another blockchain. And so that allows you to make applications that are much smarter. Because they can make decisions based off of external stimuli. So that has manifested itself right into not just bringing, but also off chain information onto a blockchain like Ethereum. Now (it) has evolved into a kind of cross-chain communication & future."

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About Niklas:  He is the Oracle Core Unit Facilitator @MakerDAO.
https://github.com/niklaskunkel

Keeping In Touch With Niklas:
https://twitter.com/nomos_paradox

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