Greetings SoMee Family

Today I will be teaching about Block Chain Oracles.

1. Do you know what Blockchain Oracles are?

A blockchain oracle is a third party service that helps in connecting blockchains to the external outside world. It is like a bridge that let us feed the information in from the world and also to the real world. To access the data outside the on-chain/smart contracts, there was no intermediate for this but now with the help of blockchain oracle, blockchains, and smart contracts can access data of the real world.

Let's make it even more simple. For some contracts/agreements in blockchain, it is important to have relevant information from the outside world but there is no medium to link the outside world with blockchain. For this, blockchain oracles play an important role by connecting off-chain and on-chain data. If there are no blockchain oracles, then smart contracts will have limited usage that will be inside the network only.

Let's take the example of Alice and Bob who bet in a car race or any other race. The total of $100 is escrowed by a smart contract that includes $40 of Alice on Team A and $60 for Bob on Team B. But here the thing is how does a smart contract know when the game will be over, and to whom he needs to give money Alice or Bob? So here blockchain oracle is required that will match off-chain outcomes and will deliver it to the blockchain and then transfer the money to the winner.

2. What are the types of Oracles?

2a. Software and Hardware Oracles
2b. Centralized and Decentralized Oracles
2c. Inbound and Outbound Oracles

I will explain more about them later. if you would love to see a tutorial about any topic on crypto or trading, please drop a comment below.

Don't forget to like, share and comment.

#AweSME #SME #SoMee #someeofficial #crypto #upvotes #blockchain

Let's start the day with some nice coffee and going through my news feed on SoMee to provide some juicy upvotes!

Cardano blockchain is a third-generation blockchain that is designed to be more secure, scalable, and sustainable than other blockchains. Here are some of the ways that Cardano can be used to create more secure and efficient systems:

Banking and Payments: Cardano blockchain can be used to create more secure and efficient payment systems. With Cardano’s Ouroboros consensus algorithm, transactions are verified by a network of nodes that work together to ensure the integrity of the blockchain.

Cyber Security: Cardano blockchain can be used to create more secure and tamper-proof systems. With Cardano’s Plutus programming language, developers can write smart contracts that are more secure and less prone to errors.

Supply Chain Management: Cardano blockchain can be used to create more transparent and efficient supply chains. With Cardano’s traceability features, it is possible to track products from the source to the end consumer.

Forecasting: Cardano blockchain can be used to create more accurate forecasting models. With Cardano’s data storage capabilities, it is possible to store large amounts of data in a secure and efficient manner.

Networking and the Internet of Things (IoT): Cardano blockchain can be used to create more secure and efficient networks for IoT devices. With Cardano’s low energy consumption and high scalability, it is possible to create networks that are both secure and efficient.

Insurance: Cardano blockchain can be used to create more efficient insurance systems. With Cardano’s smart contract capabilities, it is possible to automate many of the processes involved in insurance claims.

Private Transport and Ride Sharing: Cardano blockchain can be used to create more secure and efficient ride sharing systems. With Cardano’s traceability features, it is possible to track the movement of vehicles in real-time.

Cloud Storage: Cardano blockchain can be used to create more secure and efficient cloud storage systems. With Cardano’s low energy consumption and high scalability, it is possible to store large amounts of data in a secure and efficient manner.

Healthcare: Cardano blockchain can be used to create more secure and efficient healthcare systems. With Cardano’s traceability features, it is possible to track patient data in real-time while maintaining patient privacy.

Real Estate: Cardano blockchain can be used to create more transparent and efficient real estate markets. With Cardano’s traceability features, it is possible to track property ownership in real-time.

Energy Management: Cardano blockchain can be used to create more efficient energy management systems. With Cardano’s low energy consumption and high scalability, it is possible to create networks that are both secure and efficient.

Voting Systems: Cardano blockchain can be used to create more secure and transparent voting systems. With Cardano’s traceability features, it is possible to track votes in real-time while maintaining voter privacy.
Cardano blockchain is a third-generation blockchain that is designed to be more secure, scalable, and sustainable than other blockchains. Here are some of the ways that Cardano can be used to create more secure and efficient systems:

Banking and Payments: Cardano blockchain can be used to create more secure and efficient payment systems. With Cardano’s Ouroboros consensus algorithm, transactions are verified by a network of nodes that work together to ensure the integrity of the blockchain.

Cyber Security: Cardano blockchain can be used to create more secure and tamper-proof systems. With Cardano’s Plutus programming language, developers can write smart contracts that are more secure and less prone to errors.

Supply Chain Management: Cardano blockchain can be used to create more transparent and efficient supply chains. With Cardano’s traceability features, it is possible to track products from the source to the end consumer.

Forecasting: Cardano blockchain can be used to create more accurate forecasting models. With Cardano’s data storage capabilities, it is possible to store large amounts of data in a secure and efficient manner.

Networking and the Internet of Things (IoT): Cardano blockchain can be used to create more secure and efficient networks for IoT devices. With Cardano’s low energy consumption and high scalability, it is possible to create networks that are both secure and efficient.

Insurance: Cardano blockchain can be used to create more efficient insurance systems. With Cardano’s smart contract capabilities, it is possible to automate many of the processes involved in insurance claims.

Private Transport and Ride Sharing: Cardano blockchain can be used to create more secure and efficient ride sharing systems. With Cardano’s traceability features, it is possible to track the movement of vehicles in real-time.

Cloud Storage: Cardano blockchain can be used to create more secure and efficient cloud storage systems. With Cardano’s low energy consumption and high scalability, it is possible to store large amounts of data in a secure and efficient manner.

Healthcare: Cardano blockchain can be used to create more secure and efficient healthcare systems. With Cardano’s traceability features, it is possible to track patient data in real-time while maintaining patient privacy.

Real Estate: Cardano blockchain can be used to create more transparent and efficient real estate markets. With Cardano’s traceability features, it is possible to track property ownership in real-time.

Energy Management: Cardano blockchain can be used to create more efficient energy management systems. With Cardano’s low energy consumption and high scalability, it is possible to create networks that are both secure and efficient.

Voting Systems: Cardano blockchain can be used to create more secure and transparent voting systems. With Cardano’s traceability features, it is possible to track votes in real-time while maintaining voter privacy.

(Generative language model was used in the making of this post)

My plan
That every week, as for the last 7 months, I got one such badge and that every SME that I buy or earn through posts or votes, I put in the stake. Is the plan OK?

Logged in to throw out some votes and while the site looks better it's UI is worse. Can't read notifs of any kind and now I have to tap 'load more' to keep scrolling? Try again Phillip. No votes today, because the site is too clunky!

When I started on SoMee I was really focused on “You give me an upvote and then I give you an upvote a well”. Nowadays I don’t give a sh*t if someone upvotes me. I just go through my feed and upvote what I like!

Greeting SoMee Family

I know we all love this platform so I will give us 3 ways we can help this platform and token rise.

1. Always power up all or some of your tokens to keep the upvote power high and keep the liquidity stable

2. Invite a friend, just like the hive and steemit, we need more users, and if we don't tell them how amazing and better SoMee is how will they know?

3. Stay active, make friends, and spread love.

Have a great day

#SoMee #AweSME #SME #someeofficial #crypto #upvotes

A True friend is worth more than money.

Show some love guys

Upvote this post

#SoMee #SME #crypto #AweSME #someeofficial #friends #upvotes

Greetings SoMee Family

Today I will be teaching you all how to identify the SUPPORT and RESISTANCE to a trend and when to buy or sell


Identifying support and resistance levels can help crypto traders to know what to expect in the next market behavior. Because the market always repeats itself, identifying these levels will tell traders when to anticipate a possible change.

Supports and resistances are points at which the market begins to rise or fall. Breaking these points signals a possible breakout, in which new trends can be expected to occur.

Let's consider the charts below to see how to mark out our support and resistance level

Image 1 - shows the Support
Image 2 - shows the resistance


From the LUNA/USDT and ETH/USDT chart above, we can see the support and resistance level marked out showing areas where the buying pressure couldn't exceed and areas where the selling pressure couldn't exceed

In order to identify these points, zoom out of the chart to be able to see the longer time frames then mark out at most 2 - 3 points where the buying pressure or selling pressure couldn't exceed then draw a line across them.

thanks for learning with me today. Support me to do more and better

#SME #SoMee #AweSME #someeofficial #crypto #trading #learning #upvotes #hive

I'm really loving this feature here on the right side.

It makes me look out for their posts and support them with upvotes and engagement. They are really important at this stage in SoMee's development.

Hi guys, my wife is back in the game of votes

STOP! This is a quote checkpoint! Drop an uncommon quote you like below

My favorite quote(that I have not seen before) will get multiple sequential full power vote upvotes as a prize --all participants will get an upvote for participation

This is the new post of give away for Wax , i bought few packs for this and will hope to see new gamer on board
#giveaway #wax #nft #free



Secret Battle Room*
We have a participation Bot in our Telegram. MC Bot will now be sending out NFTs randomly to those who participate in chat with messages of 6 words or more! We also get Dusty
https://ssohiphop.com

Rules
Just comment on this post to join the Giveaway!
Post ur Ign and wax wallet !

Upvotes, Reblogs and Tips
( PIZZA , BEER, PGM, LUV , WINE, LOLZ, WEED , ~~BTC or ETH ~~( kidding )are absolutely NOT required, but are greatly appreciated if done!! This will allow me to do more giveaways;

Let's start the day with some nice coffee and going through my news feed on SoMee to provide some juicy upvotes!

Even SoMee Admin is buying SME. Underpriced. Should we support those who are selling with upvotes.?
Get on board or walk the plank!!! :)
Some day soooooon, SME Rockets!!!