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What Is an Oracle Blockchain and What Is Its Role in Crypto?

Summary by Cryptoast
Connectivity between the blockchain and the infrastructures surrounding them is a major challenge in the web ecosystem3, a problem solved by the oracles. But what is the exact role of these oracles, and why are they so vital for the functioning and evolution of decentralized finance (DeFi)? Let's look closely at these key components and their impact on the world of the blockchain through the network of oracles of Pyth Network. Read more What is …
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Connectivity between the blockchain and the infrastructures surrounding them is a major challenge in the web ecosystem3, a problem solved by the oracles. But what is the exact role of these oracles, and why are they so vital for the functioning and evolution of decentralized finance (DeFi)? Let's look closely at these key components and their impact on the world of the blockchain through the network of oracles of Pyth Network. Read more What is …

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Cryptoast broke the news in on Tuesday, October 14, 2025.
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