Oracles
By Cryptomcmillan1 | Updated on May 24, 2020
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts. Oracles are needed for decentralized programmes to function trustlessly as using data from a centralized source would cause a programme to have a weak spot that can be easily manipulated.
Related Terms
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
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