I need my smart contract to access data from some source. I want to build a smart Oracle in order to achieve this.
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This may help to build your own oracle https://ethereum.stackexchange.com/questions/11589/how-do-oracle-services-work-under-the-hood – Ismael Aug 22 '17 at 00:02
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I think what you meant by "some source" is calling external APIs, like in order to query a database on the Internet.
Due to the deterministic nature of the EVM you need a service like Oracalize.
The Answers to following questions might help you as well : how can ethereum contract get data from a website, Why can't contracts make API calls
lungj
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