"Hey forum, just wanted to bring up a question about Oracle Network and its potential impact on DeFi security. We all know 51% attacks have been plaguing several chains lately, but does Oracle Network's decentralized oracle data feeds hold the key to preventing these type of attacks? Thoughts?"
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"Can Oracle Network Save DeFi from 51% Attacks?"
- Thread starter afaq2002
- Start date
sunrise333
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- Aug 11, 2011
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Thoughts on strategies?
"Oracles have been talked about for a while now, and I think they can definitely add extra security to DeFi protocols. If an oracle network like Chainlink (which is mentioned in the OP) can get its data validated by other nodes and not just by one central source, it'd be way harder for someone to perform a 51% attack. What do you guys think about the current state of oracle networks?"