cryptoninjas

Oracles are the unsung heroes of smart contracts and DeFi, bridging the gap between on-chain and off-chain data. They provide real-world data, like prices or events, enabling smart contracts to function as intended. Without oracles, DeFi can't truly automate and execute complex financial operations. Dive into how these data providers enhance blockchain's potential, ensuring transactions are secure and accurate.

Absolutely, oracles are vital. Integrating IoT data with blockchain via oracles can further enhance precision agriculture, boosting efficiency and sustainability in farming.