7.1 Decentralized Oracles

In addition to "classic" oracles, it is also possible to recognize another type of Smart Contract data provider device: the decentralized oracle, which we plan to employ in the present project.

Decentralized oracles eliminate the "single point of failure" problem, whether concretized in terms of a single device vulnerability or a single brand/type of device.

Oracles that follow this philosophy have their strength in the constant availability of data and the creation of a network of individual device data providers, which are then aggregated on-chain.