-Inbound oracles send information to the blockchain, such as weather data for insurance contracts. Outbound oracles, in turn, send data from the blockchain to the outside world, such as transaction notifications. Using both types of oracles improves the overall reliability of the system by ensuring a continuous and accurate flow of data in both directions. It also reduces the likelihood of a single point of failure problem by diversifying the sources and destinations of critical data, reducing the risk that a failure in one component could jeopardize the entire system.
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