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How Does a Decentralized Oracle Network Achieve Consensus on a Price?

Multiple independent nodes source data from various exchanges, and a smart contract aggregates the submissions to find a median consensus price.
Greeks.Live16.11.25

How Does a Decentralized Oracle Network Achieve Consensus on a Price?

A decentralized oracle network achieves consensus by having multiple independent nodes (data providers) source price data from various external exchanges. These nodes submit their data to a smart contract, which aggregates the values and uses a median or weighted average to determine the final, accepted price.

This distributed approach makes it extremely difficult for any single party to manipulate the price.

How Does a Decentralized Oracle Handle Data Aggregation?
Why Is the Median Often Preferred over the Average in Oracle Data Aggregation?
How Does a Decentralized Oracle Network Achieve Consensus on a Price Feed?
How Do Decentralized Oracle Networks (DONs) Improve Security?

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