Oracles is a useful tool that makes it easier to connect real-world information with blockchain activities. With oracles, users have countless ways to make blockchains useful in their day-to-day life
Oracles are important since they function as a bridge to pass data back and forth and without oracles, blockchains being closed systems cannot change and react to external events.
However, there's a problem that exist with oracles, and these problems have led to the loss of over $1bn in assets
A friend told me he lost 0.7E after buying a token on Zksync. Unfortunately for him, the CA was a honeypot and he suffered great loss
To avoid scams and rugs while investing, read on
NOTE: this isn't a promotion but what I use to stay safe
There are a couple of websites and Telegram bots that have unique features which spots rugs and scamnomics before they happen. Lets look at the one I use
I use a website and when I'm in a super aping mode, I use a TG bot known as QUICKI bot