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What Is the Importance of a “Dispute Resolution System” in Decentralized Settlement?

It provides a final recourse to challenge and correct unfair settlement outcomes caused by faulty oracle data, maintaining system integrity.
Greeks.Live20.11.25

What Is the Importance of a “Dispute Resolution System” in Decentralized Settlement?

A dispute resolution system is crucial in decentralized settlement to provide a final layer of security against oracle failure or manipulation. If a smart contract executes based on faulty oracle data, the dispute system allows participants to challenge the outcome.

This mechanism ensures that if the primary oracle fails, there is a recourse to correct the settlement, often involving a decentralized court or governance vote, thereby maintaining the integrity of the financial system.

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