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General Data and Information
Chainlink (LINK) is a decentralized network providing information (oracles) for smart contracts. Chainlink was founded by Sergey Nazarov and Steve Ellis in 2017 with the aim of solving the problem of off-chain data collection through the execution parameters of smart contracts. Smart contracts are intended to execute automatically when certain conditions are met. However, when these conditions exist on-chain, they need to rely on an information source (called an oracle) to provide the necessary information. Off-chain oracles are typically centralized and therefore depend on third parties to provide critical information reliably and in a timely manner. Chainlink aims to break this dependency by providing information to smart contracts through a decentralized network of oracles that work together on the Link blockchain to verify critical information and relay it to these contracts. The Chainlink network enables users with data feeds or information APIs to easily provide information for smart contracts in exchange for LINK tokens.$LINK #LINK🔥🔥🔥
General Data and Information
Chainlink (LINK) is a decentralized network providing information (oracles) for smart contracts. Chainlink was founded by Sergey Nazarov and Steve Ellis in 2017 with the aim of solving the problem of off-chain data collection through the execution parameters of smart contracts. Smart contracts are intended to execute automatically when certain conditions are met. However, when these conditions exist on-chain, they need to rely on an information source (called an oracle) to provide the necessary information. Off-chain oracles are typically centralized and therefore depend on third parties to provide critical information reliably and in a timely manner. Chainlink aims to break this dependency by providing information to smart contracts through a decentralized network of oracles that work together on the Link blockchain to verify critical information and relay it to these contracts. The Chainlink network enables users with data feeds or information APIs to easily provide information for smart contracts in exchange for LINK tokens.$LINK #LINK🔥🔥🔥
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LINK
15.78
+2.73%
XRP
2.3881
+0.23%