Zora

In celebration of the one-year anniversary of the Zora protocol and the initial release of zorb, we invite you to mint a commemorative NFT for your collection. Minting is open for 20+22 hours on New Years Day and cements your status as an early supporter of Zora.


[zorb.dev](https://zorb.dev/) by [zora.co](https://zora.co).

ZORBS by ZORA

Cast 6 : 
Today we are going to talk about oracles

Oracle

Oracle: Oracles are the bridge between the real world and the blockchain

As we said in the previous tweet, the price mechanism in the DEX is determined by the balance of the pools, and a problem may arise called price impact .........👇

If there is no Oracle, we will not understand this problem

Because you cannot enter the smart contract and write the price of Ether, for example, $1,000, then Ether became $1,100 a few moments later, come and change the code, this is not possible at all.

Now there is a need here that needs to be solved?? 👇

We need a tool that sends the price to the blockchain for us in real time so that our dex works properly.

This is the task of oracles to send real world data such as price on the blockchain

So in smart contracts, they must use oracles so that they can work properly ..... 👇

The biggest oracle in the market is chainlink, which is used by 90% of smart contracts

As blockchain becomes more widespread, the role of oracles becomes more and more important

This was a very simple definition of Oracle

In the next tweet, we will talk about lend and borrow

I hope it is useful for you ❤️

Stay with me in the next cast's to learn more about it and share it with your friends
9 $DEGEN

That's really interesting! Oracles play a crucial role in ensuring accurate and reliable data is fed into the blockchain. Looking forward to learning more about how they help prevent issues like price impact in decentralized exchanges.

I'm crypto learner
I'm interested mathematics physics astronomy

Software Engineer
Loves sports, cooking, traveling



Adventures in trading, profits in progress

thanks for sharing this with us 10 $degen

I am a developer with you to connect nature with the new age of technology🌱

Tnx For Share🙏🏿
10 $DEGEN To You👊🏿

Interested in facts, but dropped in the red light of fictions.

Crypto-lover/ researcher / self-taught technical analyst

Roll of spider in $DEGEN world 🌎🕸️🕷️
Fresh meat 🍖 Air         Angel galaxy 🌌👼
-777 

Oracles are very useful and popular👍🏻

Thank you
I follow your thread man
20 $DEGEN

Raise yourself to help mankind. 
I love ETH

I will say more important things later
9 $DEGEN

Excellent. like this topic and article about oracles
8 $DEGEN