/biz/ - Business & Finance

Imagine an integrated oracle with a smart contract platform

>Tldr;
Ethereum Classic is smart contracts with planned Oracle functions integrated

>Why do we have faith in Ethereum Classic?
Besides the upgrades coming in September in which it will be fully compatible with Ethereum and all of its upgrades. Ethereum Classic is planning to adopting oracle functions on top of its smart contract platform


>What about Chainlink?
Think about it, Ethereum Classic is the computer hardware and the command prompt. Most people struggle to use the command prompt.

Now imagine the oracle function of Ethereum Classic as a built in OS. Why do you think people use Microsoft Windows or Mac OS? It is built in.

Don't forget that Ethereum Classic also can create ERC-20 tokens like Ethereum. So image the Ethereum Classic oracle acting as an operating system for these ERC-20 tokens

>What is Ethereum Classic?
It is the original Ethereum blockchain that did not fork. Think of Ethereum Classic as BTC. Think of ETH as BCH

>Why Oracles for Ethereum Classic but not ETH?
ETH is going to proof of stake for its innovation. However, ETC wants to keep the original blockchain as much possible. By adopting oracles in its code, it can better accept correct information for its smart contract functions. Think of lightening network, but for smart contracts

>Why is there a transaction delay?
Because you are using Coinbase. Coinbase wants to have multiple confirmations so they can make sure there are not any non-ETC sent. To get instant deposits and transactions use another exchange

>Ethereum Classic Upgrade News
https://finance.yahoo.com/news/discovering-atlantis-ethereum-classic-hard-193700431.html

>Who the fuck is Yaz?
He is the Director of Developer Relations
https://etccooperative.org/people/
https://twitter.com/Yazanator

>>14454207
He is testing features of Chainlink. What else could he using it for? You need to test out a product before you adopt it to your system. It is like how Steve Jobs used a Unix based OS before creating Mac OS

>>14447163
You heard it here first. This from the Ethereum Classic Discord page. Ethereum Classic's Director of Developer Relations is leaking information about Ethereum Classic's oracle features. Imagine all the computing power of Ethereum with the oracle power of Chainlink

>What is Ethereum Classic?
It is the original Ethereum blockchain that did not fork. Think of Ethereum Classic as BTC. Think of ETH as BCH

>Why Oracles for Ethereum Classic but not ETH?
ETH is going to proof of stake for its innovation. However, ETC wants to keep the original blockchain as much possible. By adopting oracles in its code, it can better accept correct information for its smart contract functions. Think of lightening network, but for smart contracts

>Who the fuck is Yaz?
https://etccooperative.org/people/