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How does a decentralized API platform differ from decentralized oracles?

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by COINS NEWS 191 Views

One thing I’ve noticed lately is an increase in decentralized API platforms. These platforms say that they allow developers to access data from multiple blockchains - but how does that differ from something like Chainlink or Band Protocol?

AFAIK, it serves the same function as a blockchain oracle. I’m not an expert on this by any means (I’m currently learning some blockchain dev stuff now and stumbled upon this decentralized APIs) but I can’t see a difference. Purely by the fact that they seem to be a newer development, methinks that they are the new tech in town and worth looking into.

Are they like oracles 2.0 or something? Are there any downsides?

submitted by /u/Actual-Marionberry57
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