Binance launches Oracle Network

Binance has launched an oracle network for its BNB Chain ecosystem, which will connect the blockchain to real-world data and vice versa. Oracles make it possible for smart contracts to access data that exists outside of a blockchain.

For instance, a protocol may want its smart contract to be triggered based on securities prices, macroeconomic indicators, or even weather data. Initially, Binance Oracle will provide index prices for the most popular digital assets.