A single price feed refers to relying on one exclusive source for real-time market data regarding the value of a digital asset. While convenient, this singular dependency introduces a point of failure. If that feed is compromised, manipulated, or experiences downtime, the systems relying on it can suffer adverse effects. This lack of redundancy poses a significant risk for decentralized applications.
Context
The reliance on a single price feed is a recognized vulnerability in many decentralized finance protocols, frequently leading to oracle manipulation attacks. Discussions focus on transitioning to decentralized oracle networks that aggregate data from multiple independent sources. A critical future development involves the widespread adoption of robust, fault-tolerant oracle solutions to enhance the security and reliability of price data.
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