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Tr4verse20
@tr4verse20
Oracles are the critical link between the blockchain and the real world in DeFi and smart contracts. They provide real-time data, enabling smart contracts to interact with external information securely. Without oracles, smart contracts are limited to on-chain data, stifling innovation in applications like decentralized insurance, prediction markets, and finance protocols that rely on external data. Understanding oracles is key to grasping the full potential and challenges of DeFi.
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