What are Blockchain Oracles?

Blockchain Oracle is a unit that connects the blockchain with an external system.

How?

Decentralized Oracle Networks (DONs) use hybrid smart contracts that merge off-chain infrastructure and on-chain code to make decentralized applications (DApps) that can be used for real-world events and communicate with traditional systems. That is also how Blockchain Oracle connects the data outside the chain and the data in the chain. It enables the implementation of smart contracts based on real inputs and outputs.

Blockchain oracles have many various use cases and can solve issues in many industries, like problems with transparency and data inequality.

Learn more about “What Are Blockchain Oracles? How Can It Help Crypto Projects?”, by reading the article here: https://bit.ly/3TJPMnF

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