Blockchain & Cryptocurrency Glossary

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Oracle Attestation

Pronunciation
[awr-uh-kl at-es-tay-shun]
Analogy
Like a notary public stamping and signing a document to certify it’s genuine, an oracle attestation vouches for data authenticity.
Definition
A signed statement by an oracle node asserting the validity of specific data at a given time, providing cryptographic proof that smart contracts can verify on‑chain.
Key Points Intro
Oracle attestations anchor external data on‑chain with cryptographic signatures for trust.
Key Points

Signature: ECDSA/BLS signature over data and timestamp.

Timestamp: Indicates when data was valid.

Data payload: Encodes the attested value and metadata.

On‑chain verification: Smart contracts verify signature against known oracle key.

Example
A weather oracle attests “Temperature=22°C at 2025‑05‑10T12:00Z” by signing the payload and submitting to the oracle contract.
Technical Deep Dive
Oracle node uses its private BLS key to sign the Merkle root of a batch of data points. The smart contract’s `verifyAttestation(bytes payload, bytes signature)` uses `blsVerify()` to confirm.
Security Warning
Key compromise allows forging attestations; enforce HSM storage and slashing.
Caveat
Attestations only guarantee data at timestamp; consumers must handle staleness.

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