The Problem w/ Existing Oracles
Existing oracles supply a fixed, slow growing amount of data feeds.
- Price Feeds: Only support high volume pairs. ex: USD/BTC, USD/ETH
- Predictions market: Limited sports data, very limited game-specific data (player stats, etc..)
- Arbitration: DAOs / legal issues require very subjective data.
- Remaining data: All other data is left completely abandoned by existing systems!
In short, existing oracles are great, but they are NOT flexible or dynamic enough. There is a wide blanket of data / data feeds that is left inaccessible.