zkOracle
By CoinGecko | Updated on Jan 11, 2024
A zkOracle is an advanced concept in blockchain technology that combines the properties of oracles with the principles of zero-knowledge proofs. It represents a middleware protocol that operates within the blockchain ecosystem, providing a connection between onchain and offchain data. Its primary function is to ensure the secure, trustless, and efficient transfer of data to and from a blockchain, enhancing the capabilities of dApps.
Related Terms
Pre-sale
A typically exclusive token sale event preceding a public ICO
Mining Reward
The reward resulting from contributing computing resources to process transactions
Block Height
A number that is used to indicated the position of a particular block within a blockchain
IEO
Initial Exchange Offering (IEO) is a spin-off of Initial Coin Offering (ICO), where the sale of tokens are conducted on an exchange rather than by the coin team themselves.
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