Blockchain Oracles: Types, Uses, and How They Work Explained
Blockchain Oracles bridge the gap between blockchain networks and real-world data, enabling smart contracts to interact with external information. There are various types, including software, hardware, and consensus oracles. Oracles are used in applications like DeFi, supply chain, and IoT to trigger contract execution based on real-world events. Understanding how they work is key to leveraging blockchain’s full potential.
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