Real Time Oracle

Definition ∞ A Real Time Oracle is an oracle service specifically designed to deliver external data to blockchain smart contracts with minimal delay, providing information as close to instantaneously as technically feasible. This capability allows smart contracts to react promptly to rapidly changing real-world conditions. It is crucial for dynamic decentralized applications.
Context ∞ Real time oracles are becoming increasingly vital for advanced decentralized finance applications and other blockchain use cases that demand immediate data updates. Their reliability and speed are critical for maintaining the accuracy and fairness of protocols dependent on external information. News frequently highlights the development and deployment of real time oracle solutions as a key infrastructure improvement.