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Oracles in DeFi projects are changing the way we’re interacting with digital funds. They are software solutions that can act as a secure middleware that facilitates communication between a smart contract and the outside world. The real-world data can be collected from anywhere, data providers, publicly available sources, the World Wide Web. Oracles are the ones trying to create an environment that can eliminate the variable of trust before the data reaches the blockchain. One solution uses Schnorr signatures, a technology that offers oracles the ability to co-participate in solving the task at hand.
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