What Are Oracles in Crypto? (Beginner Friendly Animation)

What are cryptocurrency oracles?

The best crypto oracles are where blockchains, smart contracts, and cryptocurrencies connect. It’s an essential element of the DeFi ecosystem. If you’re not familiar with crypto oracles, it’s crucial to change that!

In this video, I will explain what is a crypto oracle, and what role they play in the DeFi space! We’ll talk about their differences, what are their practical applications, and what’s their weakest point. After watching this video, crypto oracles will no longer be a mystery for you.

Do you think oracles are an important part of crypto? Make sure to share your insights in the comments below the video!

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Video Time Table:
0:00 Introduction to What Are Oracles in Crypto
1:13 What are Cryptocurrency Oracles?
3:41 Different Types of Oracles in Crypto
5:10 Crypto Oracle Use Cases
6:51 Challenges & Risks
7:54 Wrap-up: What Are Oracles in Crypto?

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