Betherance Oracles

What are Betherance Oracles?

Sometimes bet creators will create private bets that can't be validated using the Betherance Validation Protocol (BVP), or might want a faster way to validate their bets than the speed BVP can offer. This is where Betherance Oracles are the best choice.

What is an oracle?

Smart contracts inside a blockchain are not able by themselves to get information from anywhere else than the blockchain it relies on. Because of this, at a very high level, oracles are the blockchain's solution to get information from outside the ecosystem (i.e. Internet), and feed the smart contract with information for later use.

How do Betherance Oracles work?

Betherance Oracles will empower smart contracts by providing the ability to check and report on the results of off-chain events. To accomplish this, Betherance will source the best partners in the industry and create different oracles in categories such as: football, American football, basketball, tennis, baseball, cricket, rugby, eSports, etc.

Each Betherance Oracle will get an instant reward from the Betherance Rewards Pool for each successfully validated bet.

Why Betherance Oracles?

Betherance Oracles will be an important part of betting governance for the following reasons:

• Will increase user engagement by offering faster automatic validations

• Will increase Betherance growth by offering the possibility to partner with various best-in- class companies

The possibilities with Betherance Oracles are unlimited.

Where to check available Betherance Oracles?

Information regarding available Betherance Oracles, availability, performance, distributed rewards and provider information will be available here.