SolutionsBuilder's GuideTop Oracle & Price Feed

Top Oracle & Price Feed

What is Oracle & Price Feed?

What are Oracles and Price Feeds?

An oracle plays a crucial role by serving as a bridge between blockchain smart contracts and external data sources. These tools are essential because smart contracts, by design, cannot access or interact with data outside of their native blockchain. Oracles provide a solution to this limitation by fetching data from the outside world and feeding it into the blockchain, enabling smart contracts to execute based on real-world information.

Price feeds are a subset of the Oracles, in which price data is posted to the blockchain by an Oracle.

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Resources

Continue learning with the resources included below.

How to create your own Oracle

Learn what an oracle is and how to build one on the Ethereum blockchain.

GuideJuly 3, 2023

Hot to Set Up a Chainlink Node

Running a Chainlink node allows you to provide external data directly to smart contracts. In this guide, we will configure our Chainlink node and become a node operator on the Ethereum mainnet.

GuideDecember 11, 2023

Using Chainlink to Ensure Randomness

Generating randomness on a blockchain can be difficult since smart contracts are deterministic and can be predicted. However, Chainlink solves this problem. This article will teach you about Chainlink VRF and how it works.

GuideAugust 18, 2023

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