08-08-2022 13:55 via newsbtc.com

Why Oracles Will Drive the Next Stage of Evolution in the DeFi Market

In a world of “interests,” it is vital that no one has a monopoly on truth.
Decentralized protocols have grown in popularity as viable alternatives to traditional centralized systems. People are recognizing the flaws of centralized authority and adopting open, decentralized, and trustless systems. However, for decentralized protocols to truly be open and transparent, there’s a need for an infrastructure that would help access offline real-time information in a trustless manner.
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