An oscillator is an electronic circuit that generates a periodic waveform without an external signal source. It relies on positive feedback to maintain oscillations. There are two main types - the feedback oscillator which uses positive feedback of the output, and the relaxation oscillator which uses an RC timing circuit to generate a non-sinusoidal signal like a square wave. For an oscillator to operate, the loop gain of the feedback must be at least 1, and the phase must be zero, at a specific oscillation frequency determined by the phase characteristics of the feedback loop. Key parameters for oscillator performance include frequency range, output voltage swing, drive capability, phase noise, and power dissipation. A ring oscillator uses an odd number of inverter stages in a closed