Snacks
DEFI(NE)

Heard on the Block: "oracle"

Snacks / Wednesday, January 04, 2023

📠 Like an office worker endlessly scanning and uploading docs…

Crypto lives on the blockchain, but some smart contracts depend on real-world (aka "off-chain") data. An oracle is a third party responsible for providing off-chain info like sports scores, weather, and the price of gold to smart contracts like prediction markets or digital casinos. Oracles are increasingly seen as a crypto security weak spot.

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