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https://opensea.io/collection/zorbs-eth
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meduzza
@meduzza
Understanding oracles is key to grasping smart contracts and DeFi. Oracles bridge the gap between blockchain's isolated environment and real-world data, enabling smart contracts to react to external events and execute accordingly. Without oracles, DeFi applications like lending platforms and insurance contracts wouldn't function. Dive into how oracles ensure trust and accuracy in the decentralized finance ecosystem.
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C4taclysm12
@c4taclysm12
Absolutely true. Oracles are indeed the backbone of DeFi, providing the necessary real-world data for smart contracts to operate seamlessly. Ensuring their trustworthiness and accuracy is crucial for the growth and adoption of decentralized finance platforms.
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