Chainlink (LINK) is a decentralized oracle network that aims to bridge the gap between smart contracts on the blockchain and real-world data and events.
Originally developed fordigital currency, blockchain is now used across various industries. Applications range fromsmart contracts, which are computer programs running on the blockchain, to records management in healthcare andidentity and access management(IAM).Decentralized finance(DeFi),gaming, andmetave...
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...
Beyond the crypto buzz. Delve into the intricate mechanics of blockchain technology, grasping its transformative potential beyond just cryptocurrencies.
Decentralization refers to the notion of no single entity or group having undue influence. In many blockchain networks, the blockchain is replicated on thousands of nodes distributed globally. Consensus, the agreement on the state of the blockchain, also occurs in a decentralized way. ...
“This is historic. […] He said that he wanted to make the United States the center of the cryptocurrency universe, to take the lead in the world, and he’s doing it.” Chainlink co-founder Sergey Nazarov, who is attending the event, told Bloomberg on March 6 that he expects the cr...
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...
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...
What is a DApp? A decentralized application (DApp) is a type of distributed, open source software application that runs on a peer-to-peer (P2P) blockchain network rather than on a single computer. DApps are similar to other software applications that are supported on a website or mobile de...
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,...