The Bridge Oracle IEO has fast become the talk of crypto town of late and for all the great reasons. With new tokens coming up almost every other day, the crypto world is bustling with IEOs every now and then. The competition is truly sky-high and if an IEO manages to shine despite the fierce competition, it certainly demands attention. As per the reports, the Bridge Oracle IEO was scheduled for September 15, 2020, and the whole IEO got sold out in no more than 6 hours. Bridge Oracle is the first ever dedicated public Oracle for TRON and the huge buzz surrounding it right now, certainly speaks of its immense potential for the leading blockchain network.
TRON’s vision of 3rd Web and Bridge Oracle
A name of big repute across the crypto world today, TRON is envisioned to herald the era of web 3.0 or Third Web. It depicts a new form of web era where people would be able to use internet as an open-access decentralized network that would assure fair and free use for everybody.
Now, for users, the new form of web era would mean regaining control on own data. For developers, it would imply the desired freedom and flexibility to perform coding in any high-end language to help smart contracts create DAOs and Dapps. Smart contracts are poised to be a chief part in Web 3.0 world where they will take up contract fulfillment and decision-making functions from the centralized entities- as well as allow automatic verification of conditions and execution of instructions by objective code.
But for smart contracts to do that, there is a need of seamless access to authentic real-world data which would specify the contract terms. Here comes the major problem in regard to implementation of smart contracts: If the data isn’t true or pose risks of being manipulated, the agreements that are bound by contracts can’t promise to be perfectly trust-less.
Now, this is where Bridge Oracle system comes to the rescue of TRON blockchain and smart contracts. The Oracle assures easy access to clean accurate and authentic real-world information which is injected safely into smart contracts to enhance their scope of functionality.
Bridge poised to scale up TRON network
Although TRON network is a leading name in the current blockchain world yet it is far behind Ethereum when it comes to DApps. While Ethereum is dominating with a massive 3,000 DApps, TRON is limited to just 750 and hence hasn’t been able to attract small businesses in large scale. Smart contracts need real-world data to create DApps but blockchain’s underlying protocol doesn’t allow access to off-chain data. It is only possible through an Oracle which sources external data for a blockchain network that TRON didn’t have, until now.
Being a public Oracle, Bridge will enable TRON to allow users to implement their small or local business on the blockchain easily- something that wasn’t possible previously. Such a conducive environment will bring in a rising number of small businesses to TRON over the next few months and beyond. Thus, with the launch of Bridge, TRON is looking forward to match up its active accounts with Ethereum or even surpass it and scale up its platform to greater heights.
For more info about Bridge Oracle , visit https://bridge.link/
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