BusinessAugust 20, 2026

oracle

OR-uh-kul

Definition

A third-party service that provides external data, such as real-time price feeds, to blockchain smart contracts.

Etymology

Derived from the Latin 'oraculum,' meaning 'divine utterance' or 'a place where oracles are given,' which was linked to the verb 'orare,' meaning to pray or speak.

In the news

The article warns that relying on a single oracle for price information creates systemic risk, as it centralizes dependency for market price formation.

RWA Perps Volume Crushes Tokenization

Read the full article ↗

Crypto Economy

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