oraculocrypto

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THE ORACLE PROBLEMA blockchain can validate signatures, execute rules, and record transactions with mathematical precision. But there's one thing it can't do on its own: know whether a piece of real-world data is true. That's where the so-called Oracle Problem comes in. A smart contract can be programmed to act when something specific happens: for example, when $BTC reaches a certain price, when collateral is liquidated, or when a condition in a DeFi protocol is triggered. The problem is simple: the blockchain can't go out onto the internet and check for itself what's happening in the outside world.

THE ORACLE PROBLEM

A blockchain can validate signatures, execute rules, and record transactions with mathematical precision.
But there's one thing it can't do on its own: know whether a piece of real-world data is true.
That's where the so-called Oracle Problem comes in.
A smart contract can be programmed to act when something specific happens: for example, when $BTC reaches a certain price, when collateral is liquidated, or when a condition in a DeFi protocol is triggered.
The problem is simple: the blockchain can't go out onto the internet and check for itself what's happening in the outside world.
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