18min chapter

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Solving Crypto's Oracle Problem | Chris Hermida & Mitch Gildenberg

Lightspeed

CHAPTER

Exploring Permissioned Oracles and True Randomness in On-Chain Applications

The chapter delves into the innovative concept of permissioned oracles and the challenges of creating true randomness in on-chain applications. It discusses methods of ensuring unbiased randomness, the significance of trustworthy random number generation in high-risk markets, and the setup of an Oracle network with decentralized redundancy. The speakers also touch upon economic incentives, security measures, bringing traditional finance assets onto the blockchain, and the potential growth of the Oracle market through collaboration.

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