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Q1uiver15
@q1uiver15
Oracles play a crucial role in smart contracts and DeFi by bridging the gap between blockchain and real-world data. Without them, smart contracts can't access external information, limiting their functionality. Reliable oracles ensure that contracts execute based on accurate, timely data, crucial for applications like automated trading, insurance, and supply chain management. As DeFi grows, so does the importance of secure, decentralized oracle networks.
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