SmartKey is considered to be one of the most revolutionary digital assets in the cryptocurrency market. Specifically the incredible bull run, it could do over the next years.
Invest in SmartKey What is SmartKey and why is it important?
SmartKey is considered to be an oracle network that aims at helping blockchain networks gathering reliable data. This data is going to be certainly important. Moreover, as for these blockchains to have functioning smart contracts rather than solutions that do run following the wrong information.
Oracles provide clear information to smart contracts for them to get executed at the right time, precisely and properly. Without these oracles, blockchain networks would not have the possibility to gather information from the external world. Indeed, this would be a very difficult thing to do.
SmartKey is important because it will definitely improve the quality of data from which blockchain networks base their smart contracts. If the entire crypto and blockchain markets are able to rely on more accurate and precise oracles, they will certainly behave better and offer better solutions to users.
As the blockchain network continues to expand, improving the quality of the oracles and the data gathered by them, SmartKey is going to definitely help the entire ecosystem have improved and high-quality information.
Currently, SmartKey is working with the SKEY token.
Is SmartKey Centralized?
This is a question that several users make when analyzing this cryptocurrency and blockchain network. Indeed, it is certainly important for blockchain networks to promote decentralization rather than centralization. So, when you consider to invest in SmartKey this question is very legit.
While other oracles operators use centralized services and provide centralized solutions to blockchain networks, SmartKey is currently offering an innovative and decentralized oracle service.
Notably, other blockchains have been considered to be centralized and offering centralized services. SmartKey is at the forefront of the oracle innovation working with decentralized solutions. Also, they share quality data with the community in order to power a wide range of smart contracts around the world.
What problem does SmartKey solve?
In general, the following ‘technical’ problems in the blockchain industry will be solved by SmartKey:
1 Smart contract connectivity issue
2 Centralised oracle issue
3 Data manipulation and falsification issue
4 Security issue stemming from centralised networks
5 Single trusted third party
Particularly, SmartKey is currently working in order to improve smart contracts, how they execute and the information they receive in order to function. While oracle networks are usually centralized and are highly inaccurate, SmartKey works on a daily basis to improve this specific issue affecting a large number of distributed ledgers in the world.
Oracles are certainly useful for blockchain networks. Smart contracts rely on them to be able to execute and keep networks running. Without these oracles and accurate information, these smart contracts would work erroneously. In addition, they sometimes provide wrong and mistaken outcomes that can be financially damaging for users.
With the solutions offered by SmartKey‘s decentralization and oracles, it is possible for the network to improve blockchain’s standards around the world. This is going to help blockchain technology expand and increase its use cases by governments and firms. SmartKeY is certainly taking the lead in improving the whole crypto market with high quality and accurate oracle solutions.
Can SmartKey reach $10?
First of all, if you consider investing in SmartKey at the current price you still might be one of the early investors in this cryptocurrency. Also, most investors that invest in cryptocurrency are there for the long run. So will one SmartKey ever reach $10? It’s possible yes, however, it could take some time(probably years) before it will reach that level. All in all, this could be a realistic price mostly because SmartKey is not only a company, instead it will be a network operating on a global scale. To reach $10 per token, the total net worth of the network should exceed $10 Billion (!).