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
Immutable
A property characterized by inability to be change and stays unchanged over time.
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
MicroBitcoin (uBTC)
One millionth of a bitcoin or 0.000001 of a bitcoin. Microbitcoin is the abbreviation of uBTC and often misunderstood as the fork of Bitcoin.
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