Oracles¶
Blockchain oracles are services that enable blockchains to interact with external data sources, bridging the gap between smart contracts and real-world information. Oracles are essential for dynamic applications that rely on accurate and timely off-chain data.
Main features of oracles include:
- External connectivity - allowing smart contracts to fetch and utilize real-world data
- Automation - trigger contract execution based on external conditions
- Flexibility - support various data types, such as price feeds, weather updates, and sports results
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