๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐
๐ ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐
๐๐๐?
A blockchain can reliably record what happens on-chain, but smart contracts often need information that exists outside the network.
For example, a contract can know how many tokens are in a wallet. But if it needs the current market price of those tokens, that information has to come from somewhere else.
This is where oracles become important.
โค External sources provide the data.
โค The oracle brings relevant information on-chain.
โค Smart contracts use that data to execute their programmed logic.
The important part is not simply getting data onto the blockchain. It is understanding how reliable that information is.
Where did the data come from?
How often is it updated?
How is it validated?
These factors can affect how useful a data feed is for a particular application.
That is why WINkLinkโs role is worth understanding within the TRON ecosystem. Oracles help create the connection between real-world information and smart contracts that need that information to function.
The blockchain provides the execution layer.
Reliable data helps give smart contracts the information they need to act.
@Justin Sunๅญๅฎๆจ @WINkLink_Official
#TRONEcoStar
A blockchain can reliably record what happens on-chain, but smart contracts often need information that exists outside the network.
For example, a contract can know how many tokens are in a wallet. But if it needs the current market price of those tokens, that information has to come from somewhere else.
This is where oracles become important.
โค External sources provide the data.
โค The oracle brings relevant information on-chain.
โค Smart contracts use that data to execute their programmed logic.
The important part is not simply getting data onto the blockchain. It is understanding how reliable that information is.
Where did the data come from?
How often is it updated?
How is it validated?
These factors can affect how useful a data feed is for a particular application.
That is why WINkLinkโs role is worth understanding within the TRON ecosystem. Oracles help create the connection between real-world information and smart contracts that need that information to function.
The blockchain provides the execution layer.
Reliable data helps give smart contracts the information they need to act.
@Justin Sunๅญๅฎๆจ @WINkLink_Official
#TRONEcoStar
