Oracles

Oracles are systems or entities that provide external data or information to smart contracts on a blockchain. They act as bridges between the blockchain and the real world, enabling smart contracts to interact with data and events outside their native network. Oracles play a crucial role in facilitating decentralized applications (dApps) that require real-time or off-chain information, such as weather data, stock prices, or sports scores. They provide the necessary data inputs to trigger or execute smart contract actions based on real-world events.