| operations |
| comment | | "parent_author":"miniature-tiger",<br>"parent_permlink":"re-balasan-smt-dpos-oracles-smart-contracts-20171113t224252085z",<br>"author":"balasan",<br>"permlink":"re-miniature-tiger-re-balasan-smt-dpos-oracles-smart-contracts-20171113t225839434z",<br>"title":"",<br>"body":"Every single Ethereum miner has to process every single smart contract transaction and they all have to do Proof of Work,<br> which takes a huge amount of computation power. With oracles,<br> you don't need the miners to do the heavy computation - instead,<br> a small set of elected oracle nodes do all the work,<br> once they agree on the result,<br> they update the main chain. With Steem,<br> you get the additional benefit that miners (witnesses) don't have to do POW - they they have already proved their trust by the fact that they were elected by the network. So even Steem on-chain transactions are fast and cheap.",<br>"json_metadata":" \"tags\":[\"smt-oracles\" ,<br>\"app\":\"steemit\/0.1\" " |
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