Chainlink is a decentralized oracle network or blockchain abstraction layer that communicates off-chain data to a blockchain. Its oracles securely enable computations on- and off-chain, supporting what it calls hybrid smart contracts and its cross-chain interoperability protocol. The Chainlink blockchai...
Cross-chain interoperability is the process of blockchains interacting with one another. Chainlink enables this through smart contracts on one blockchain that securely interact with data and events on another. It’s important in the development of DApps and decentralized finance (DeFi),...
Public Blockchain Protocols: Bitcoin Ethereum Solana Cardano Tron Blockchain Protocols for Enterprise Use: Hyperledger Quorum Corda Of note, there is some overlap between the two groups of protocols. For instance, Quorum is based on Ethereum, supporting many of the same features, such as smart ...
What good is a safe, dependable, smart contract on the blockchain if the data it relies on is suspect? This problem is solved by Chainlink (a decentralized network of nodes), which uses oracles to provide data and information from off-blockchain sources to on-blockchain smart contracts. Thi...
Another key element of the Chainlink ecosystem is LINK. So, let's get into what this is and why it's important. The LINK Token Logo Credit: Bxalber/Wikimedia Commons Because Chainlink was built on a pre-existing blockchain, its native asset is known asa token. Chainlink's native token,...
Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.Chainlink is one LCX’s official partners and LCX is a data-provider to the chainlink network.Chainlink is a platform that is bridging the ever increasing gap between external data source...
Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain. It plays a crucial role in the functioning of many decentralized applications, particularly in DeFi, by securely and reliably connecting these apps with off-chain data and services. ...
However, according to the developers of Chainlink there are a number of drawbacks to the current structure of smart contracts on the blockchain. For example, due to the fact that smart contracts are based on information secured on a blockchain, and due to the way that consensus is reached ...
Like other decentralized platforms and exchanges that use blockchain technology, Stellar is spread across multiple servers. This means that the activity carried out on Stellar is not monitored by a singular source. About Stellar Stellar began in 2014 when Jed McCaleb left Ripple, a platform he co...
What Is Ethereum? Ethereum is a decentralized protocol built on the blockchain. What this means is that Ethereum can be used to make other projects on top of it, which makes it a “layer 1 solution”. In fact, Ethereum is the building block of many Web3 projects like Chainlink, De...