Been looking for more reviews in this area. Following this in Reddit as well.
MIT Researchers Test Oracles and Smart Contracts on Bitcoin Lightning | by Kent Weare in InfoQ
The Massachusetts Institute of Technology (MIT) has revealed the results of their tests running smart contracts on the Bitcoin Lightning Network. These results were recently shared with Coindesk from researchers Tadge Dryja and Alin S. Dragos. Running smart contracts on the Bitcoin network isn’t necessarily new, however, the approach of using trusted entities called oracles with smart contracts is what makes their approach unique on the Bitcoin blockchain. This research was performed within the prestigious university’s Digital Currency Initiative, which was launched in 2015 as a way to further research cryptocurrencies.
Blockchain oracles typically supplement blockchain implementations by providing a trusted external source of data. These data sources do not participate in blockchain consensus mechanisms and as a result need to be trusted as they can influence the execution of a smart contract. For example, if a smart contract was set up to pay for a commodity at a specific date/time, the smart contract would need to receive the latest price for the commodity at the time the smart contract is executed. ... "
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