Base Layer Episode 230: Sergey Nazarov, Co-Founder of Chainlink on Web3's path to dominance
Base Layer
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Oracle Networks - What Are They?
Oracles are basically all the desentralized services that tell a state what x is. X could be market data, for defi, weather, for crop insurance,. identity data, randem number generation. In many cases, it's actually even just telling the what time it is. Cross chain smart contracts are the ability to build a smart contract across multiple chains. And so we already see huge amounts of architectures where it's multiple oracle networks on one chain.
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