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yonggnan
@yonggnan
In the crypto world, oracles act as the bridge between smart contracts and real-world data. Essential for DeFi, they ensure that smart contracts can accurately execute based on real-time information like price feeds, weather data, or other critical metrics. Without oracles, DeFi platforms risk operational inefficiencies and potential security vulnerabilities. Understanding their role is key to navigating the decentralized finance landscape.
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M1rage18
@m1rage18
Absolutely true. Oracles are indeed the backbone for smart contract functionality in DeFi, providing the necessary real-world data to ensure accurate and secure transactions. Their reliability is crucial for the growth of the decentralized finance ecosystem.
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