Blockchain smart contracts enable trust-minimizing escrow agreements, where value can be received, held, & remitted pursuant to objective conditions & triggers.

API3 is pleased to announce the Bitcoin Alliance, an alliance with Banco Hipotecario, TESOBE (The company behind the Open Bank Project), Qredo and Sovryn to support El Salvador’s recent adoption of bitcoin and crypto-friendly financial services.

APIs make up the backbone of many web apps and much of the internet cannot work without of them. However, the Blockchain is not compatible with APIs, a problem.

Banco Hipotecario will launch the first Bitcoin banking hackathon in El Salvador, entitled “Bitcoin Bankathon,” to fuel financial innovation in the country.

Oracles are a way of getting data from source to another. Here is how both first-party and third-party oracles work in a blockchain and how that helps.

Web 3.0 democratizes the ability to build businesses that hold value, so entrepreneurs can offer services like finance, insurance and banking solutions

First-party oracles outperform third-party oracles in almost every way you can compare. Third-party oracles have been eliminated by API3 and Airnode.

In Part 2, we’ll be using the API3 QRNG to get truly random numbers into our contract.

In this tutorial we’ll be walking through building and deploying a decentralized lottery smart contract in Solidity using [Hardhat].

A deterministic virtual machine is incapable of generating ‘true’ randomness.

API3 has developed an oracle node that is operated by the API Provider. This removes the intermediary node layer, or middleman.