Oracles Explored: Unpacking Oracle Scalability

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The post Oracles Explored: Unpacking Oracle Scalability appeared first on Coinpedia Fintech News
The ethos of web3 embodies a philosophy rooted in decentralization and transparency. So why accept anything less when it comes to blockchain infrastructure? To have blockchain applications that are truly decentralized and transparent, users need enhanced insights into the data sources that power those applications.
Where is the data coming from?
Why should one trust those data sources?
Are there assurances regarding the sustained existence of these data sources?
These pivotal inquiries pave the way for a truly robust blockchain ecosystem. Oracles, as one of blockchain’s primitive building blocks, are foundational in addressing and answering these questions.
The Oracle Problem
Blockchain networks operate around consensus. Blockchains comprise thousands of machines agreeing on a series of events. As such, all nodes on a blockchain must be able to reproduce all transaction

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