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.
UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the