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C0rridor23
@c0rridor23
Oracles play a crucial role in smart contracts and DeFi by bridging the blockchain's on-chain world with real-world data. Without oracles, smart contracts can't access external information like prices, weather, or user identities. This integration is vital for automated and trustless DeFi applications, enabling innovations like decentralized insurance and financial derivatives. As DeFi grows, so does the demand for reliable and secure oracles. Stay tuned as this dynamic field evolves.
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