An Autonomous Oracle is a system that provides data feeds to smart contracts without needing human intervention. These oracles gather external information, such as price data or weather conditions, and deliver it to blockchain environments. By operating independently, Autonomous Oracles enhance the reliability and efficiency of data delivery. They utilize automated processes and algorithms to ensure accurate and timely information. This capability is vital for decentralized applications that rely on real-time data to execute transactions or make decisions.The use of Autonomous Oracles aims to reduce risks associated with centralization and manipulation. Because these systems are not controlled by a single entity, they can offer a more transparent and trustworthy way to access external data. Overall, Autonomous Oracles play a crucial role in bridging the gap between blockchain technology and real-world data, enabling smarter contracts that react automatically to changing conditions.
Ripple, Absa Partner to Launch Digital Asset Custody in South Africa
Ripple has entered a strategic partnership with Absa Bank to provide digital asset custody services to customers in South Africa,