How Does a Decentralized Oracle Network Achieve Consensus on a Price Feed? ⎊ Path

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

Decentralized oracle networks typically use a voting or aggregation mechanism among multiple independent nodes. Each node submits its observed data, and the contract calculates a final, aggregated value, often the median or a volume-weighted average.

The consensus is achieved when a supermajority of nodes report data within a specified range, making the final price highly resistant to manipulation.

What Is the “Data Aggregation” Process in a Decentralized Oracle Network?

Why Is the Median Often Preferred over the Average in Oracle Data Aggregation?

What Is “Data Aggregation” and Why Is It Important for Oracle Security?

How Does a Decentralized Oracle Network (DON) Achieve Data Consensus?

How Do Decentralized Oracle Networks (DONs) Improve Data Integrity for Smart Contracts?

What Is the Advantage of Using a Median Price over an Average Price in Data Aggregation?

How Do DONs Determine Which Data Points Are “Outliers” during Aggregation?

What Is “Data Aggregation” in the Context of DONs?