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
Miners
Contributors to a blockchain taking part in the process of mining.
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
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