Mythologically, oracles were mythical figures that provided wise counsel to rulers and emperors by tapping into their cosmic powers of foresight and fortune telling. In the world of blockchain and cryptocurrencies, an oracle serves as a bridge between the external world and the world that exists within the blockchain. The oracle provides and validates vital information which exists externally to the blockchains so they can fulfill their contracts and tasks, as blockchains only have access to information that only exists on their networks. Therefore, without oracles, blockchains’ function would be incredibly limited as they require information from the outside to broaden the scope at which they operate.
In this artwork, Satoshi makes a reappearance in the form of a mystical Oracle wearing robes of vivid florals and a medallion bearing the Ether symbol.