Guys, this is a key concept you need to understand: oracles!
Price feeds are typically updated on-chain when the deviation reaches a set threshold or at fixed heartbeat intervals.
If an oracle reports an incorrect price, contracts that use it may settle incorrectly. That’s why it’s so important to have diverse data sources and decentralized nodes.
$LINK is the token of the oracle network Chainlink.
Save this for later and take your time reading 👇
#LINK
Price feeds are typically updated on-chain when the deviation reaches a set threshold or at fixed heartbeat intervals.
If an oracle reports an incorrect price, contracts that use it may settle incorrectly. That’s why it’s so important to have diverse data sources and decentralized nodes.
$LINK is the token of the oracle network Chainlink.
Save this for later and take your time reading 👇
#LINK