Blockchain 101
Fairness in Web3: Eliminating Information Asymmetry with Oracles
Greetings, cadets of cryptographic justice! Professor Hashwell here, just back from wrangling MEV bots in the DeFi outlands—one even tried to front-run my coffee order. Unacceptable.
Today, we’re tackling a major villain in the decentralized universe: information asymmetry. When someone in the system knows more than you—and uses it to take your lunch money—that's asymmetry. In DeFi, that means validators peeking into the mempool and flipping your transactions for profit. Rude.
Thankfully, decentralized oracles are the unsung heroes in this fairness fight. They deliver real-world data on-chain and cross-chain without playing favorites or cashing in on your next token swap. So buckle up, grab your snackable data packets, and dive into the quiz after checking out Fairness in Web3: Eliminating Information Asymmetry with Oracles.
Course Content
Fairness in Web3: Eliminating Information Asymmetry with Oracles