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Category: Smart Contracts

What is Oracle?

Summary Definition: A bridge service that feeds external real-world data into blockchain smart contracts.

Detailed Technical Explanation

Because blockchains are deterministic state machines that cannot initiate outbound network calls, oracles gather off-chain data (weather, sports, asset prices) and submit signed cryptographic updates.

Educational Notice: Technical definitions on CoinAd.in are maintained to help developers, students, and engineers understand decentralized computing concepts accurately.

Related Smart Contracts Terms

Smart Contract

A self-executing software program deployed to a blockchain that runs deterministically.

Token

A digital asset created via a smart contract on top of an existing Layer 1 blockchain.

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