“Technology Aggregation” Achieves a New Height of PlugChain Ecology and Co-creates a New Era of Web3.0
The once dragon-slaying warriors eventually turned into dragons, and the problems brought about by the information Internet frequently appeared. As for the technology ecosystem, Web3.0 is undoubtedly expected to greatly improve the existing Internet ecosystem, effectively solve the problems of monopoly, lack of privacy protection, and malicious algorithms in the Web2.0 era, making the Internet more open, inclusive and secure, and making the Internet more open, inclusive and secure. Innovative development of high-level trusted Internet, value Internet, intelligent Internet, and holographic Internet.
How does PlugChain promote the process from Web2.0 to Web3.0? How does PlugChain make Web3.0 dividends benefit global users?
PlugChain aggregated cross-chain oracle protocol has outstanding advantages
PlugChain’s aggregated cross-chain oracle protocol can guarantee the provision of safe and reliable data. The decentralized oracle network is the core function of PlugChain at present. Based on the innovative cross-chain interaction design, PlugChain can not only solve the information interaction between the networks of many independent blockchains as efficiently as Cosmos, but also through the nested BSC , Heco’s ecological scenario, providing modular underlying components, which can practically support global commercial-level applications.
The application on the blockchain network is called a decentralized application DApp. All DApps are implemented based on smart contracts. A feature of smart contracts is that they cannot actively request data from the outside world, that is, they cannot actively obtain other information, and can only passively accept information and data outside the chain. Every smart contract is a program that waits for someone else to meet its triggering conditions before it starts. Therefore, in general business scenarios, it is necessary to use some off-chain data to start the program. At this time, the oracle machine is needed to complete, and the application on the blockchain must read a consistent off-chain data through the oracle machine due to the needs of consensus.
It is not difficult to see that the aggregated cross-chain oracle protocol is the biggest advantage of PlugChain. PlugChain’s cross-chain architecture not only enables it to support cross-chain swap function, but also is relatively simpler and safer to implement. It can directly link multiple exchange APIs in the escrow account to achieve millisecond-level quotations without relying on the existence of An external oracle with a certain price delay to make up for the immediate cross-chain gap in the market.
In addition, PlugChain’s aggregated oracle protocol has the ability to serve 100+ mainstream public chains around the world. It realizes data input and output, and data governance processes through PlugChain cross-chain protocols, smart contracts, big data, and AI technologies. Protocol) to 100+ mainstream public chains around the world, building a bridge between the Web2.0 world and the Web3.0 world, so as to accelerate the historic development of Web3.0 on the basis of solving the problem of Web3.0 raw materials.
PlugChain adheres to the concept of decentralization to ensure security and ease of use
We know that security is the cost of gaining control of the network, and real-world assets are usually anchored in the design of consensus mechanisms. For example, proof-of-work (PoW) anchors computing power. Ease of use performance is the speed of processing data The main reason for the low performance of the blockchain is that each transaction must be agreed on all nodes. Decentralization means having a large number of nodes participating in block production and verification. Generally, the greater the number of nodes, the higher the degree of decentralization.
PlugChain can ensure decentralization in the oracle network, guaranteeing security and ease of use. Aggregate data from multiple independent nodes to ensure tamper-proof and high availability when oracles transmit data to smart contracts. Obtain data from multiple high-quality data providers, and at the same time ensure data quality, and improve the level of decentralization at the data source level.
In the future, based on cross-chain protocols and using technologies such as smart contracts and artificial intelligence, PlugChain will realize the task of building a bridge between Web2.0 and Web3.0, and realize global user dividend sharing.
