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Showing posts from April, 2023

A Brief Introduction to Oracles: The Cornerstone of Trust in the Blockchain World

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In fact, the main source of trust in the blockchain is oracles. Like any computer system, the blockchain processes data, but there are two sources of data in the blockchain world: data that is already on the blockchain, and data that is not. So how does the blockchain obtain data from outside? The answer lies in oracles, which are intermediaries that transfer data from the real world to the blockchain. Oracles play a critical role in ensuring the security and reliability of the entire blockchain system by collecting and verifying data from multiple sources. Without oracles, the blockchain would be limited in its real-world applications. Clearly, oracles are necessary when a smart contract requires data from outside the blockchain. The smart contract requests the data from the oracle, which then retrieves the data from off-chain sources and relays it back to the smart contract. 1. Oracles: The Foundation of Trust In the world of blockchain, oracles are extremely important. Without oracl

Plugchain x TaskOn AMA

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  Segment 1 Introduction Guest Name: Edward Wesley Title: Marketing Manager Project Social Media links: šŸ—£Official Website: https://plugchain.io/ šŸš€Telegram Channel: https://t.me/plugchain šŸ¦Twitter: https://twitter.com/Plugchainclub ❓Medium: https://officialplugchain.medium.com/ Docs and whitepaper: https://plugchain.io/files/PlugChain%20White%20Paper.pdf For links: https://linktr.ee/plugchain Introduction Q1: Could you briefly introduce yourself and Plugchain as well? Hello everyone, I’m Edward Wesley, marketing manager at PlugChain. The members of the team like to call me PCMAN, so I hope you can remember this interesting name, PCMAN. PlugChain is a Web3-based public chain with high concurrency, scalability, and security as its core advantages. It is committed to high-performance information and data exchange scenarios by constructing an aggregated cross-chain oracle protocol. I am delighted to participate in this AMA and I would like to thank TaskOn for the invitation. I am looking
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 In “The Matrix”, there is a prophet named the Oracle, who appears unassuming but is actually the key strategist responsible for placing the three major powers into her game. The Oracle was originally just a program in the Matrix designed solely to detect human emotions and assist in upgrading the Matrix. The conflict between the Matrix and humans has occurred five times, with Zion being destroyed five times and the humans inside being killed five times. Surprisingly, during this process, the Oracle gradually transformed from a purely rational program into a sentient one. She had a dream of ending the war between the Matrix and the real world. As she could foresee many things and was very kind, she became a bridge between the virtual world of the Matrix and the human world of reality. Similarly, in the world of Web3, there is also an Oracle who plays a very important role in connecting blockchain to data and systems in the real world. 01.Why is an Oracle needed? You may wonder why appl

PlugChain Half-Monthly Report for April (04/01–04/16)

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  Dear PlugChain Community members, Hello, today we are releasing the PlugChain April mid-month report. Let's take a look at the new developments in PlugChain in early April! I. Operations a.        On April 3rd, PC officially opened the PC/USDT trading market on the MExCGlobal main board innovation area at 18:00 (UTC+8), with an opening price of 0.002 USDT. The highest trading price after the market opened was 0.004916 USDT, with the highest increase reaching 145%. b.       On April 3rd, the Chinese community of PlugChain launched the "Buy PC, Get Airdrop" activity, with a total PC equivalent to 3000 USDT to be awarded to 20 lucky winners based on the "Ticket" rewards earned by users. The activity period is from April 3rd to April 20th. c.        On April 7th, PlugChain and MetaSystem jointly held an airdrop activity "Join, Participate, Complete Tasks", open to all users on the Internet to share 500 $HKT + 50000 $PC. II. Technology

Solution to PlugChain's Breakthrough: AI+Oracle=Metaverse

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 Introduction: At the end of March, Musk and scientists from the Future of Life Institute signed an open letter calling for a halt to the development of advanced AI systems. Musk has long warned that people should be cautious when facing artificial intelligence, and he is joined by physicist giant Hawking. Hawking predicted in 2014 that “artificial intelligence could end humanity.” With the application of large-scale language models, one can not help but worry whether sci-fi stories like “Black Mirror” are just the creators’ groundless fears or nightmares that will come true. Moravec’s paradox, a famous paradox in the field of artificial intelligence, refers to the fact that AI can produce excellent results in areas where humans are not good at, such as complex mathematical operations, but can not easily perform tasks that humans can easily accomplish, such as going out to buy groceries or tidying up a room. In recent years, “weak AI” that focuses on solving single tasks has made some

PlugChain Monthly Report for March (03/01-03/31)

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  Dear PlugChain community members, Greetings! Today we are releasing the PlugChain monthly report for March. Let's take a look at the new developments for PlugChain in March! I. Operations   On March 1st, PlugChain and Afflux jointly organized the demoday event in Japan, which attracted more than 60+ VCs, institutions, and project parties. The event received over 410k+ views and 86.6k online plays.   On March 2nd, the 10th World Metaverse Conference and Shanghai Metaverse Ecology Conference, co-organized by WMA World Metaverse Development Alliance and PlugChain, ended successfully. As a co-organizer of the conference, PlugChain, along with PlugLink Fund-Joey, delivered a wonderful keynote speech on "Does the Public Chain Craze Trigger a New Web3.0 Wave?"   On March 10th, PlugChain's subsidiary, PlugLabs, reached a strategic cooperation agreement with Mises. Both parties will jointly promote the construction of Web3 infrastructure in technology, br