{"id":8201,"date":"2022-09-27T08:49:18","date_gmt":"2022-09-27T08:49:18","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=8201"},"modified":"2022-09-27T08:49:18","modified_gmt":"2022-09-27T08:49:18","slug":"what-is-an-oracle-in-blockchain","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/09\/27\/what-is-an-oracle-in-blockchain\/","title":{"rendered":"What is an Oracle in blockchain?"},"content":{"rendered":"\n<p>An oracle enables permissionless blockchains like Ethereum to access data from the outside world feeding Smart Contracts which can then execute specific actions within supported digital applications (dApps).<\/p>\n\n\n\n<p>Without oracles, blockchain applications would be limited to local data and the huge growth we\u2019ve seen in areas like DEFI wouldn\u2019t be possible.<\/p>\n\n\n\n<p>In this article, we\u2019ll explain:<\/p>\n\n\n\n<ul><li>What is a blockchain oracle?<\/li><li>What are the different types of oracles?<\/li><li>The problem that oracles face<\/li><li>Common oracle use cases<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>An oracle enables permissionless blockchains like Ethereum to access data from the outside world feeding Smart Contracts which can then execute specific actions within supported digital applications (dApps). Without oracles, blockchain applications would be limited to local data and the huge growth we\u2019ve seen in areas like DEFI wouldn\u2019t be possible. In this article, we\u2019ll [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8201"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8201"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8201\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}