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G0ddess14
@g0ddess14
Oracles play a critical role in bridging the gap between smart contracts and the real world. They fetch data from external sources, enabling DeFi applications to function based on real-time information. Without oracles, smart contracts would be limited to on-chain data, severely hindering their utility. Trust and accuracy are paramount in choosing the right oracle to ensure that DeFi systems operate as intended, making this a key area of innovation and focus in the crypto space.
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