BraveNewCoin Launches Pricing Data for Cryptocurrency Smart Contracts
- “Oracles are an important part of the Ethereum smart contract ecosystem.” - Ethereum founder, Vitalik Buterin.
BraveNewCoin (BNC), a data and research company focused on the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe assets industry, has launched 'Pricing Oracles' for cryptocurrency Smart Contracts. These contain daily price information, specifically Time-Weighted Average Price (TWAP) data, for various Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw including Bitcoin, Ethereum, Ripple, Litecoin, Monero, Maidsafecoin, Factom, Dash, Synereo and Steem.
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Financial Data Oracles can be useful for different applications, from creating custom cryptosecurities to making new programs, such as wallets, trading bots and distributed applications. “Digital Assets like bitcoin are now a fully fledged exciting new Asset-Class. Blockchain Oracles represent a new delivery system for financial data. We are now a step further down the road to truly decentralized finance,” says Fran Strajnar, BNC CEO.
BNC Head of Business Development, Rory Manchee, describes a future where a Corporate Treasury working with new programmatic blockchain based tools could hedge their exposure to a currency using daily averages. “The amount they need to hedge will change as the price fluctuates, and settles on the last day's price of the contract. But the amount may have moved with the rolling daily average.
There are collateral management tools out there, but Smart Contract Oracles will offer more flexibility and greater risk management. Further ahead, once we really see mainstream finance move to a more smart-contract based infrastructure, I see the opportunity to use Oracles to manage the cash flows of the underlying assets in a structured product."
Manchee adds: "Smart Contract Oracles could also manage the distribution of cashflow - in the form of the coupon, based on the water flow repayment structure for the different risk-based tranches - and provide better market valuation on the mortgage backed security itself. It's traditionally a complex process."
Ethereum founder Vitalik Buterin commented on the launch of BNC Pricing Oracles: “Oracles are an important part of the Ethereum smart contract ecosystem and are crucial in bringing many applications to fruition; we look forward to seeing more interesting dapps be built on top of these kinds of services."
BraveNewCoin (BNC), a data and research company focused on the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe assets industry, has launched 'Pricing Oracles' for cryptocurrency Smart Contracts. These contain daily price information, specifically Time-Weighted Average Price (TWAP) data, for various Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw including Bitcoin, Ethereum, Ripple, Litecoin, Monero, Maidsafecoin, Factom, Dash, Synereo and Steem.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
Financial Data Oracles can be useful for different applications, from creating custom cryptosecurities to making new programs, such as wallets, trading bots and distributed applications. “Digital Assets like bitcoin are now a fully fledged exciting new Asset-Class. Blockchain Oracles represent a new delivery system for financial data. We are now a step further down the road to truly decentralized finance,” says Fran Strajnar, BNC CEO.
BNC Head of Business Development, Rory Manchee, describes a future where a Corporate Treasury working with new programmatic blockchain based tools could hedge their exposure to a currency using daily averages. “The amount they need to hedge will change as the price fluctuates, and settles on the last day's price of the contract. But the amount may have moved with the rolling daily average.
There are collateral management tools out there, but Smart Contract Oracles will offer more flexibility and greater risk management. Further ahead, once we really see mainstream finance move to a more smart-contract based infrastructure, I see the opportunity to use Oracles to manage the cash flows of the underlying assets in a structured product."
Manchee adds: "Smart Contract Oracles could also manage the distribution of cashflow - in the form of the coupon, based on the water flow repayment structure for the different risk-based tranches - and provide better market valuation on the mortgage backed security itself. It's traditionally a complex process."
Ethereum founder Vitalik Buterin commented on the launch of BNC Pricing Oracles: “Oracles are an important part of the Ethereum smart contract ecosystem and are crucial in bringing many applications to fruition; we look forward to seeing more interesting dapps be built on top of these kinds of services."