Oracle = a bridge between the outside world ( prices/data ) and the Pay blockchain. Without an oracle, the smart contract on Bai cannot know the price of Bai in US dollars or any fiat currency/other asset. Therefore, the oracle fetches the GCV value (314,159 US dollars) or any approved value, and sends it to the blockchain for use in smart contracts. 🔧 Mechanism of action: Data Source Oracle extracts the value of Pay (GCV or an official reference such as the price of the electronic trading platform Pay ). Verification and compliance Multiple oracles verify the data. This prevents manipulation by a single node. Delivery to the Pay Blockchain Oracle publishes the verified value in a smart contract on Pay. Any decentralized application ( market, game, exchange platform ) can invoke this value. Execution in decentralized applications Example: A market offers a phone for 314 US dollars. The decentralized application performs a call to the smart contract. The smart contract queries from Oracle: 0.001 Pi = 314 US dollars. The transaction is executed immediately and displayed in the Pi wallet. 🖼️ Flowchart (3 suggested images ): Oracle as a bridge The outside world ( Price of Pi = 314,159 USD ) ← Oracle Node ← Pi Blockchain ( Smart Contracts/Wallets ). How decentralized applications interact with Oracle The decentralized application ( market, game, trading platform ) ← Call the smart contract ← The smart contract gets the price from the Oracle ← Executes the purchase ( For example, 0.001 Pi = 314 USD ). Verification Chain Oracle performs price fetching ← verification ( consensus ) ← sending to Blockchain ← appearing in Pi browser/wallet. #PiCoreTeam # Pioneers👫great #PiWallets # PiNetworkMainnet #pixel #GUSD Now Live on Gate# #Rise of Solana Treasury Holders# #ETH Trend Watch#
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The main idea: Oracle within the Pay network
Oracle = a bridge between the outside world ( prices/data ) and the Pay blockchain.
Without an oracle, the smart contract on Bai cannot know the price of Bai in US dollars or any fiat currency/other asset.
Therefore, the oracle fetches the GCV value (314,159 US dollars) or any approved value, and sends it to the blockchain for use in smart contracts.
🔧 Mechanism of action:
Data Source
Oracle extracts the value of Pay (GCV or an official reference such as the price of the electronic trading platform Pay ).
Verification and compliance
Multiple oracles verify the data.
This prevents manipulation by a single node.
Delivery to the Pay Blockchain
Oracle publishes the verified value in a smart contract on Pay.
Any decentralized application ( market, game, exchange platform ) can invoke this value.
Execution in decentralized applications
Example: A market offers a phone for 314 US dollars.
The decentralized application performs a call to the smart contract.
The smart contract queries from Oracle: 0.001 Pi = 314 US dollars.
The transaction is executed immediately and displayed in the Pi wallet.
🖼️ Flowchart (3 suggested images ):
Oracle as a bridge
The outside world ( Price of Pi = 314,159 USD ) ← Oracle Node ← Pi Blockchain ( Smart Contracts/Wallets ).
How decentralized applications interact with Oracle
The decentralized application ( market, game, trading platform ) ← Call the smart contract ← The smart contract gets the price from the Oracle ← Executes the purchase ( For example, 0.001 Pi = 314 USD ).
Verification Chain
Oracle performs price fetching ← verification ( consensus ) ← sending to Blockchain ← appearing in Pi browser/wallet.
#PiCoreTeam # Pioneers👫great #PiWallets # PiNetworkMainnet #pixel
#GUSD Now Live on Gate#
#Rise of Solana Treasury Holders#
#ETH Trend Watch#