In this episode, what chat to Dave from API3 about what exactly a data oracle is, the benefits of a ‘data provider operated’ model, how a data oracle provides ensure the security and legitimacy of the data being fed into dApps and broader questions on web 3 and the future.  This technical episode will give you deeper insight and understanding into some of these key terms.  

Show Notes: 

[00:01:41] What is API3

[00:03:24] Data oracle services in blockchain

[00:11:50] The oracle problem

[00:13:22] Getting data on chain

[00:17:23] How to ensure the accuracy of data

[00:23:20] What markets and topics are covered by the data providers

[00:24:29] The fast growth of decentralization

[00:26:12] How long to the full transition to web 3

[00:32:04] The network effect and API3

Links: 

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AMD: https://www.amd.com/en

Algorand: https://www.algorand.com/