An oracleWithin the blockchain context, an oracle is basically a data source that is used as a bridge between smart contracts... Read More is a program that provides external data to a blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... Read More in order to trigger smart contracts and update the ledger. The oracle acts as an intermediary between smart contracts and external sources, verifying and authenticating provided data before the data passes to the smart contractA smart contract is a piece of computer software that is designed as an automated self-enforcing contract, which means it triggers certain... Read More. Smart contracts rely on the accuracy of this information in order to function correctly.
