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Addressing Trust Challenges in Blockchain Oracles Using Asymmetric Byzantine Quorums. (arXiv:2401.00175v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
Distributed Computing in Blockchain Technology (BCT) hinges on a trust
assumption among independent nodes. Without a third-party interface or what is
known as a Blockchain Oracle, it can not interact with the external world. This
Oracle plays a crucial role by feeding extrinsic data into the Blockchain,
ensuring that Smart Contracts operate accurately in real time. The Oracle
problem arises from the inherent difficulty in verifying the truthfulness of
the data sourced by these Oracles. The genuineness of a Blockchain …
blockchain challenges computing data distributed distributed computing external interface nodes oracle party role technology third third-party trust what is world