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Binance Launches Native Oracle Network, Starting With BNB Chain

“Using oracles to dramatically increase the smart contract’s knowledge of what’s going on outside of the blockchain, allowing it to respond to external events with specified actions will be crucial,” Gwendolyn Regina, investment director at BNB Chain, said in a prepared statement. “Binance Oracle will emerge as a significant contributor to Web3 by offering a stable, reliable and efficient oracle network with comprehensive accuracy and accessibility features.”