Welcome to Crypto Mondays London Academy ! We are thrilled to have Filip Koprivec, Head of Developer Relations at Flare, as our guest speaker for this session. Flare is the blockchain for data, providing developers with secure decentralized access to high-integrity data from other chains and the internet.
What are Oracles?
In the context of blockchain and cryptocurrency, oracles are specialized services that enable smart contracts to interact with data outside the blockchain. They act as a trusted source of truth, fetching and verifying external data—such as price feeds, market data, or the outcome of events—and delivering it on-chain.
Without oracles, smart contracts would be limited to the data available within their own networks, significantly restricting their potential use cases. Oracles are, therefore, essential for enabling more complex, real-world applications on the blockchain.
By the end of this event, you will have a solid understanding of the following key concepts:
Overview of Oracles
Types of Oracles
How Oracles Work
Use Cases of Oracles
Challenges and Risks
The Future of Oracles
Join us to discover why oracles are a cornerstone of the Web3 infrastructure, how they function, and their potential impact on the future of decentralized applications and beyond.
📅 Monday, September 9, 2024
🕔 Time: 7:00 PM – 8:00 PM BST
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✨ Crypto Mondays London is a decentralized global community that shares a passion for Crypto and how it’s going to change the world in dramatic ways.