What is Binance Oracle
Binance Oracle brings the crypto asset's real-world market prices to your smart contracts on BNB Chain by offering price feeds for multiple crypto pairs aggregated over a variety of sources. Binance oracle enables smart contracts to connect to all confirmed data outside its network. It has developed a process to ensure that the data would be consistently correct, secure, and up to date. The Binance Oracle has developed 5 key components to ensure the data is reliable in 4 different aspects - data sources, data processes and signalling, data publishing and data monitoring.