Q. Please introduce yourself and what you do.

I am currently based in Dubai; have over 4 decades of a successful career in Banking, Insurance & Information Technology in the International financial market. My expertise includes the creation of strategies, their execution and positioning businesses for growth. As a passion-driven entrepreneur, I help other organizations reach their financial goals. I am highly experienced, techno-savvy, and result-oriented with the ability to build, manage & turn around diversified businesses and have extensive exposure to risk management, business strategy, and crises management.

Q. Could you highlight some of the ideas behind Plugin? Plugin: How did it come to be?

My role was to oversee the mechanization of 200 branches within Punjab, an Indian state, and my computerization. It all started in 1993. That period, as well as subsequent posts in State Bank of India during my various assignments, was when I became the Global IT Centre of the Bank. All the banks that had more than 10,000 branches were being computerized. I learned that the bank network will suffer if the network has become centralized. I was able to visit various countries, meet with various financial sector stakeholders and traveled to other countries. As a concerned netizen, the things that trouble me the most are issues relating to security, reliability & various vulnerabilities for various users and data feed providers, who use centralized Oracle (NYSE:) networks for their smart contracts because, in the future, DeFi is going to be the backbone of many financial services and DeFi empowered/Depends on the Decentralized Data Oracle Feed.

One entity is Centralized Oracles Computing, and it provides critical information from an outside source to a smart-contract. The system also includes a variety of security features. This architecture allows for such Oracles to be managed by a single source, which is also the only source of smart contract information. It works in a similar way to traditional financial systems, where one entity controls everything. This means that it is vulnerable to major failures. This architecture is simpler and requires less infrastructure investment. They are susceptible to game theory attack attacks but they still offer some protection.

Additionally, Blockchain Oracle Problems arise from oracles’ inability to verify data integrity. Each type of data has a different likelihood for malfunction or deliberate tampering. If the data is verified and trusted, an oracle could fail to work properly due to malfunctions or intentional tampering. It can be shown that smart contracts with higher values are more likely to cause harm than good. This is a game theoretic view. Looking at all the above problem, I decided to start decentralized data Oracle Network called “PLUGIN”

Q. Q. What sets Plugin apart from others in the Cryptospace?

Plugin is a completely decentralized Oracle platform that provides cost-effective solutions to any smart contract within the XinFin ecosystem. Plugin gathers data from many sources. It consolidates and ensures that the appropriate value is delivered to users at all times. This crucial component is essential for any decentralized provider of oracles that has been trusted by their users. To arrive at the right value, data collected from various oracle nodes are consolidated. In order for this kind of system to avoid vulnerabilities and provide a blockchain peer-to-peer system, any decentralized oracle provider must rely on the community to choose the data sources and validators and also on the rewarding & penalizing mechanism. Plugin follows a carrot and stick approach for rewarding good performers and penalizing those who are less fortunate.

Plugin stands out in cryptospace due to its high level of security, scalability and scalability. Another advantage is its low gas cost, which allows it to be more competitive than other platforms. Additionally, transactions are processed at an incredible 2,000 TPS. This is significantly faster than any of the existing blockchain platforms that use its data feeds. Plugin has the advantage that data feeds will be provided at a much lower cost than other oracle providers. Additionally, the data feeds can be customized according to customer needs and the XinFin Community. Plugin is a trusted, decentralized provider of oracles that can be scaled and cost-effective. Decentralized applications have unlimited potential, which is why oracles play an important role in standardizing our institutions.

Q. Plugin was recently listed on the Globiance Exchange and Bitrue. Do you know of any other exchanges that are in development?

At present Plugin with a ticker “PLI” is listed at HitBTC, in addition to Bitrue and Globiance. We will soon be listed on Liquid. We are also listed in two world most-referenced Price Tracking Platforms (CoinMarketCap & CoinGecko).

Q. Do you need information about any new projects?

We have also developed the Oracle Network Plugin decentralized, and we were able to connect with XDC SmartLock an open-source platform which allows users to secure XDC in smart contracts until a trigger event is detected from an Oracle data feed.

Q. Q.

Our mission is to accept, adapt and innovate decentralized solutions in the global Blockchain community. There is no limit. Through the use and adoption of blockchain technology, we aim to improve the quality of life for all people. Blockchain technology is expected to make global businesses more successful and resourceful. We hope this will help everyone be the first beneficiaries.

Our goal is to offer bespoke services for our clients who wish to use our help in these areas:

• Weather Forecasting Nodes
• Inflation data Nodes.
• Secure sharing medical data
• Tracking music royalties.
• Operating systems for IoT in real-time
• Monitoring of logistics and supply chain.
• Advertising insights.
• Creation of original content

Q. Q. You can also visit a website to get the latest information about plugins.

You can also join Discord’s Plugin Development Community. You can follow us on Twitter (NYSE 🙂 or Telegram. You can find the links on our website www.goplugin.co

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