Solving Blockchain’s Oracle Problem: Ensuring Trustworthy Data For Smart Contracts

Solving Blockchain’s Oracle Problem: Ensuring Trustworthy Data For Smart Contracts

Blockchain technology has revolutionized the way we think about finance, supply chains, gaming, and even governance. But while blockchains provide security, immutability, and decentralization, they have a fundamental limitation: they cannot directly access real-world data. This is where the “”oracle problem” arises. Oracles serve as intermediaries that bring external data onto the blockchain, enabling smart contracts to interact with the outside world. However, trusting these…

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https://blockchainmagazine.com/technology/solving-blockchains-oracle-problem-ensuring-trustworthy-data-for-smart-contracts/

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