fomoday logo
  • Home
  • Personalization
    • My Saves
    • My Interests
    • My Feed
    • History
  • English
Subscribe
  • AI
  • Crypto
  • Bitcoin
  • AI - Artificial Intelligence
  • Cryptocurrencies
  • News
  • AI
Tuesday, Jul 1, 2025
Fomoday.comFomoday.com
Font ResizerAa
Search
  • My Saves
  • My Feed
  • My Interests
  • History
  • English
Follow US

Oracles

Mr. Fomo
Last updated: February 6, 2025 01:36
Mr. Fomo
Share
SHARE
« Back to Glossary Index

Oracles are third-party services that supply external, real-world data to blockchain smart contracts. They act as bridges between the blockchain and the outside world, enabling smart contracts to execute based on information such as market prices, weather, or events.

These services are crucial for expanding the functionality of decentralized applications by incorporating dynamic, off-chain data.

The reliability and accuracy of oracles are essential, as the performance of smart contracts directly depends on the quality of the data provided.

« Back to Glossary Index
Share This Article
Facebook Copy Link Print
Share

You Might Also Like

Airdrop

1 Min Read

Cold Storage

0 Min Read

DeFi (Decentralized Finance)

1 Min Read

Pump and Dump

1 Min Read

Social sites & RSS

Facebook-f X-twitter Rss

Follow us :)

Fomoday , 123 Art Street, TX 54221, Crypto Land

fomoday logo fomoday logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?