Zohurul Islam Khan
SelonKhanI am a freelancer. I can do eye catching logo design, Image editing, Photo editing, translating any language, convert to any documents.
What are oracles, and why are they crucial for block chains?
Oracles are services that provide off-chain data to block chains. Since block chains are inherently closed systems, they need oracles to accurately react and respond to real-world events. Oracles are sometimes referred to as middleware since they bridge block chains and external, real-world data sources. racles are particularly essential for the functioning of block chain smart contracts in order to do more things. For example, if a smart contract were set up to transfer USDC worth one BTC from Jane’s wallet to Jill’s wallet at a certain date, the smart contract would need to reference an oracle to determine the exact value of BTC in USDC to transfer to Jill’s wallet – and have awareness of the date and time.
Oracles can be u
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Sample design for logo.
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