Decentralized Oracles

Decentralized oracles are the blockchain-powered system that connects the blockchain ecosystem with various external data sources, allowing them to fetch off-chain or real-world data such as tamper-proof price feed data, external APIs, verifiable randomness, and a lot more. Decentralized oracles basically bring all such data on-chain for blockchain networks’ seamless operations. In this way, they help create one expansive blockchain network for all the blockchain ecosystems to relay data among themselves for their smooth operation.