Blockchain technology promises decentralized systems that can operate without relying on a central authority. But as blockchain networks attract more users, applications, and transactions, they face a fundamental challenge: how can they handle significantly more activity without becoming slow, expensive, or increasingly centralized?

Decentralized Autonomous Organizations, better known as DAOs, are one of blockchain technology’s most ambitious experiments in online coordination. Instead of relying on a traditional management structure, a DAO allows a community to organize around shared rules, assets, and goals using blockchain-based tools.

Blockchain technology enables decentralized applications to operate without relying on central authorities. However, blockchains have one important limitation: they cannot directly access information from the outside world. This is where blockchain oracles come in.