IOTA Has Released its Own Decentralized Oracle

Incorporating off-chain, real-world data is crucial to the functionality of decentralized applications that rely on outside information.

Most applications and platforms need to integrate data that is not available on-chain — which is where oracles come in. Oracles essentially act as a bridge between the two ecosystems by supplying verifiable data to decentralized applications. IOTA, one of the largest and most-used blockchain networks in the space, is introducing oracle capabilities to rival some of the top projects currently available.

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