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5Quantum
@5quantum
Oracles play a pivotal role in smart contracts and DeFi by bridging the gap between blockchain and real-world data. Without oracles, smart contracts are limited to on-chain data, making them unable to interact with external information crucial for functions like price feeds, weather data, or identity verification. As DeFi grows, the reliability and security of oracles become even more critical, influencing the trust and adoption of decentralized financial systems.
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