Glossary

API

A set of rules and protocols for building software applications that allow for the integration of different systems.

Data feed

A stream of data provided by an off-chain source to a smart contract or other systems.

Data provider

A company or organization that provides data to a smart contract or other systems.

Data validation

The process of verifying the accuracy and completeness of data. Decentralized Autonomous Organization

Finality

The point when a data request’s answer cannot be reverted because it is too expensive for a malicious actor to do so.

Governance

The process of making and enforcing rules and decisions within a blockchain network.

Interoperability

The ability for different blockchain networks to communicate and exchange data with each other.

Off-chain data

Data that is not stored or directly available on a blockchain network but instead referenced by oracles.

Oracle

A special type of messenger that can fetch information from the outside world and safely bring it to the smart contract, on-chain.

Permissionless

A system that does not require permission from any central authority to join or participate.

Smart contract

A self-executing contract with the terms of the agreement between involved parties being directly written into lines of code.

Total Value Secured (TVS)

The Total Value Secured is the sum of an oracle network's economic impact and adoption.