Why Oracle Services are used in Blockchain

In just over a decade blockchains have provided the foundation for a trillion-dollar cryptocurrency ecosystem but their design has a fundamental flaw. Without data from the outside world, described as off-chain, they would be very limited in the type of applications they could support, on-chain, verified and recorded within the blockchain. 

Blockchain oracles solve that problem by pulling data from external sources enabling supported applications to offer crypto users a wide range of services with precision and accuracy. 


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