Unleashing the Power of Oracles with PegNet

<p>In the ever-evolving landscape of cryptocurrency and blockchain technology, the role of oracles has emerged as a fundamental bridge between the decentralized blockchain realm and the centralized world of real-world data. In this article, we delve into the significance of oracles in the context of cryptocurrencies, focusing on PegNet, a unique protocol that reimagines how pegged assets are created and maintained.</p> <h2>Oracles: Connecting Blockchain and Reality</h2> <p>At its core, an oracle serves as a data intermediary, bringing external information into smart contracts on blockchain platforms. In a blockchain network, smart contracts are self-executing programs that operate when certain predetermined conditions are met. However, these conditions often rely on real-world data that resides outside the blockchain. This is where oracles come into play. They fetch real-time data from various sources, such as market prices, weather data, and events, and feed this information to smart contracts, enabling them to make decisions based on real-world conditions.</p> <p><a href="https://medium.com/@pegnet/unleashing-the-power-of-price-oracles-with-pegnet-11a331ac9085"><strong>Website</strong></a></p>