RE: The Lesson Of Shiba
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@jfang003 @taskmaster4450le - What we have built into @peerplays is a type of "decentralized, elected orcale" which can talk to Bitcoin and Hive and move funds. With @spknetwork integration I am hoping that we will be able to connect with any data source -- that is to say HE also should be possible. Though its going to be bit more tricky as the data sources in those cases will be databases as opposed to verified data from the blockchains like Hive or Blockchain.
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When I read about that (thanks for all the links that you keep providing), I thought instantly of stock and crypto price feeds.
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That's exactly this is all about -- we are taking financial data, processing it and making split second decisions. I tend to categorize IBC as value transfer and data (record) transfer. Right now we only dealing with value, ie some asset class.
Once the @spknetwork SONs are done, where we will have to also define how the validator nodes are going to decide on rewarding the miners and then securely pass on that data to the blockchain listening on the SONs side. In the case of Hive or Bitcoin we don't have to worry too much about the integrity of the data as they are already final and agreed up on by the miners/witnesses and then appears on ZMQ (mempool) or public nodes.