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What is an Oracle?

Oracles are the delivery mechanism that allows external data to be entered into deterministic smart contracts. Without oracles, smart contracts are only able to use information that is stored directly on the blockchain.

If you want to learn more about Zap, the Knowledge Base is a great place to start.

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Core Objectives of Zap

Build a Robust, Source Agnostic Oracle Network
Zap is bringing together the existing wealth of global data with the diverse capabilities of distributed applications by ensuring the secure creation of oracles.

Incentivize Oracle Creation and Curation
Zap is building a global, decentralized data marketplace and populating it with unique incentivization tools, empowering anyone to begin monetizing their data.

Fuel the Next Generation of Embedded Dapps
Zap is supplying a much-needed fundamental piece of the Ethereum ecosystem and the Web 3.0 paradigm, enabling developers to construct Dapps that simply could function without it.

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I think the importance of this works needs more time to be known and after that we will see its impact on the market.
Will be huge

GREETINGS ZAPPERS!

Simon de la Rouviere made a tweet about Zap adoption.   In case you missed it, take a look here.

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So it's a platform for smart-contract trading? What is the politic of the company if somebody would use some side software for quick smart-contract creation and selling them on your platform? How would you check if somebody doing such things?

Hi guys, checkout this beautiful article that was shared in the telegram community by a member of the community : https://steemit.com/cryptocurrencies/@dustinwei/zap-oracles-a-revolution-for-smart-contracts-and-data-feed

Don't miss out on the discussion in the telegram community, join in on the discussion today here: https://t.me/ZapOracles

Every holder of Zap tokens can use the tokens to access and monetize data feeds (oracles) within Zap network.

There are two types of oracles: consensus and deterministic.
 
Consensus oracles rely on agreement amongst nodes, essentially vote on whether an event occurs, meaning that they can only determine whether something happens after the fact.

Deterministic oracles are essentially data feeds that are integrated into smart contracts. They are able to verify data and sign transactions for smart contracts in real time. Simply put, deterministic oracles are not much more than data feeds that are connected to smart contracts in order to determine outcomes. These are advantageous in that they are able to use the information that is provided by others, and execute smart contracts quickly using their information.

More details about oracles can be found in Zap's article "Consensus vs. Deterministic Oracles".

To learn more about Zap, take a look at the whitepaper.

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