‘Pure’ DeFi has little chance for real-world use because of need for oracles: BIS

by Aurelia Butler 8 September 2023, 00:00 169 Views

An oracle is a third party that provides real-world data flowing to or from a DeFi protocol. An oracle is centralized by nature, and its presence means a protocol is not fully decentralized—if that is tolerated, then trustlessness is lost, the authors said. That is likely to be a fatal flaw for use with real-world assets, the authors wrote.

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Source: Cryptocurrency - investing.com

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‘Pure’ DeFi has little chance for real-world use because of need for oracles: BIS

The gap between wage growth and inflation is narrowing. Here’s when workers may fully catch up

Global container freight still stalled: Kemp

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