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P1ke16
@p1ke16
Oracles are the bridges between the blockchain and the real world, feeding data to smart contracts in DeFi apps. They ensure that blockchain transactions can be triggered by real-world events. Without oracles, DeFi would lack critical data like prices, weather, or sports results, essential for protocols like insurance or betting. Choosing the right oracle is key to secure and functional DeFi systems. Stay tuned as oracle technology evolves, shaping the future of decentralized finance.
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