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Define ‘Decentralized Oracle’ in the Context of Smart Contracts

A third-party service providing smart contracts with verified, off-chain data from multiple independent sources to enable execution of agreements.
Greeks.Live20.11.25

Define ‘Decentralized Oracle’ in the Context of Smart Contracts.

A decentralized oracle is a third-party service that provides smart contracts with external, real-world data, such as asset prices, weather, or event outcomes. It is 'decentralized' because it uses multiple independent data sources and validators to ensure data integrity and prevent a single point of failure.

Oracles are essential for executing derivatives contracts that rely on off-chain information.

How Do Oracles Enable Smart Contracts to Interact with Real-World Data?
How Does an ‘Oracle’ Feed Data to a Smart Contract?
How Does a Decentralized Oracle Network (DON) Ensure Data Integrity?
What Is an ‘Oracle’ in the Context of a Smart Contract Derivative?

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