HomeAnswerNotificationsCustomize Feeds
What is your take on "Chainlink"?

Chainlink from what is been understood is an oracle network which links smart contracts written into a blockchain with data from outside their network

Chainlink in other words allows smart contracts to securely connect to external data sources and payment systems, by which in this process enables the smart contracts to communicate with and gather data from sources outside the blockchain.

A good example of this idea of the Chainlink network is its cryptocurrency Chainlink which serves as an incentive for the network's independent oracle node operators.

The network utilizes LINK to pay node operators for services such as retrieving off-chain data, computation, and conversion of data into blockchain readable form.