oracle that combines real-world data with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-network/">decentralized systems</strong></a>&nbsp;and in which the data is accepted as true (if it hasn&rsquo;t been disputed for a certain period) is referred to as an optimistic oracle. The optimistic oracle is <strong>different from the price-feed oracle</strong>, which streams prices <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-on-chain/">on-chain without recourse or error protection.</p>\n<p>Optimistic oracles can be employed in different ways than to price-feed oracles due to their unique design. 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Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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It is built on a censorship-resistant network that secures every transaction by making it immutable.</p>\n<p>It&rsquo;s made up of three major components:</p>\n<ol>\n<li><strong>Decentralization</strong>. It doesn&rsquo;t matter where you&rsquo;re located, you will be able to view videos from all over the world. You won&rsquo;t need <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-virtual-private-network-vpn/">VPNs to access specific content since won&rsquo;t be restricted based on location. The decentralization feature is reminiscent of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin which stores transactions in the systems all over the network.</li>\n<li><strong>A safe space for your content</strong>. With Odysee, you can rest assured that your videos won&rsquo;t be taken down for unspecified reasons like they have been on other video-sharing platforms. The main reason behind not removing videos is the extreme energy consumption and computing power it requires to go through the entire process. Still, Odysee does have its own community guidelines that outline what kind of content is not welcome on the platform and restrict content based on said guidelines.</li>\n<li><strong>Post content that brings you profit</strong>. Content creators can reward viewers through subscriptions or tips in the form of LBRY credits (LBC). Additionally, users are able to earn tips just by liking or commenting on other videos.</li>\n</ol>\n<p>When you access the Odysee platform, you&rsquo;re given the necessary tools to create a channel where you can create and upload videos. Keep in mind that, Odyssey does not demand fees from its creators.</p>\n<p>On the other side of the platform, you can browse through a wide range of video content with the option to subscribe to your favorite creators and leave likes and comments. It&rsquo;s similar to Youtube and can be considered its alternative option.</p>\n<p><strong>What is the difference between Odysee and LBRY?</strong></p>\n<p>LBRY Blockchain, also referred to as LBRY Network, is responsible for the development of Odysee. LBRY Network is a public, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-open-source/">open-source protocol based on blockchain technology.</p>\n<p>Its main functions include creating and publishing videos, and content exploration. LBRY provides the opportunity to rent or buy a variety of videos including ones from major film studios.</p>\n<p>It can be compared to Netflix except LBRY has implemented a decentralized system that is run by its community. It even aims to gain rights to host popular tv series, movies, and documentaries.</p>\n<p>On the other hand, LBRY TV is a video-sharing platform that gives a lot of freedom to its creators. Here, they can earn money without having to worry about paying additional fees. What&rsquo;s more, is that the platform is now offering a hosting solution where the creators can link Odysee users to their own website. Additionally, the company envisions the removal of advertising on video-sharing platforms.</p>","level":"medium","meta_title":"What is Odysee? 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The trade occurs online through OTC-specific networks such as Kraken OTC and Coinbase Prime. Participants can trade various financial instruments such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-derivative/">derivatives, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-equity/">equities, and debt instruments among many others.&nbsp;</p>\n<p>Additionally, if an asset is not eligible to be listed on a centralized exchange, it can be easily traded over-the-counter. Thus, this option is appealing to traders with small securities that don&rsquo;t fill said requirements.</p>\n<p>It&rsquo;s especially appealing to private buyers, sellers, and other parties linked to huge transactions that have the power to impact the overall market and elements related to it. Additionally, OTC trading<strong> offers better prices and more flexibility</strong>. Plus, it operates well in areas where cryptocurrency exchange is prohibited.&nbsp;</p>\n<p>OTC trading <strong>heightens <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">liquidity and enhances trading flexibility </strong>in the global financial sector.</p>\n<p>Companies going bankrupt or the ones that can&rsquo;t keep their stock above a certain price per share aren&rsquo;t able to buy or sell on a centralized exchange. Therefore, OTC trading is a great solution for them.&nbsp;</p>\n<p>In order to find OTC-specific networks to trade in, users can look through electronic listing services. An example of this is <strong>the OTC Bulletin Board (OTCBB)</strong> which is not accessible any longer.&nbsp;</p>\n<p>Risks are associated with OTCs due to their decentralized nature. Possible issues involve<strong> poor liquidity</strong> when buying and selling in high amounts. Not to mention, only the involved parties are aware of the prices since they remain private throughout the trading process. This could potentially result in <strong>uneven trading grounds</strong>.&nbsp;</p>","level":"easy","meta_title":"What is Over-the-Counter (OTC) Trading? 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Handbook Cover Page
Crypto Terms: Letter O

What is Optimistic Oracle?

Optimistic Oracle MEANING:
Optimistic Oracle - a type of oracle in which real-world data is combined with decentralized systems, and the data is assumed to be correct if it hasn't been disputed for a specific amount of time.
Easy
1 minute

Let's find out Optimistic Oracle meaning, definition in crypto, what is Optimistic Oracle, and all other detailed facts.

An oracle that combines real-world data with decentralized systems and in which the data is accepted as true (if it hasn’t been disputed for a certain period) is referred to as an optimistic oracle. The optimistic oracle is different from the price-feed oracle, which streams prices on-chain without recourse or error protection.

Optimistic oracles can be employed in different ways than to price-feed oracles due to their unique design. They can offer arbitrary data and long-tail information requests in addition to asset prices that price-feed oracles might not be able to support.

Since inaccurate data can be challenged, the optimistic oracle protects smart contracts and users from external data feed tampering. Other oracle systems are only as secure as their data stream, therefore this is a unique feature of optimistic oracles.
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