Oracle Network

Yesterday (August 7th) I posted in the square calling on everyone to focus on accumulating LINK at lower prices, when LINK was around $16.6. It is now quoted at $18.4, which is quite a nice increase!

Friends who joined in, please interact in the comment section!

Introduction to the Link Oracle Network
The Chainlink Oracle Network (referred to as Chainlink) is a key infrastructure in the blockchain field, primarily functioning to securely and reliably connect off-chain data (such as prices, weather, etc.) to smart contracts, solving the blockchain "information island" problem.

Core Functions
Data Aggregation and Verification: Aggregates off-chain data through a distributed node network, utilizing cryptographic signatures, timestamps, and other technologies to ensure data has not been tampered with.

Cross-Chain Interoperability: Supports interactions between off-chain data and smart contracts on different blockchains. For example, by January 2025, it has covered 50 blockchains with a total transfer amount exceeding $2.2 billion.

Security Design: Employs hardware isolation (such as Intel SGX), zero-knowledge proofs, and other technologies to protect data privacy, while enhancing network resistance to attacks through a super-linear staking mechanism.
Technical Architecture

Decentralized Oracle Network: Composed of multiple independent nodes that collaborate through a committee consensus protocol, supporting flexible topologies for quick access to new blockchains.

Cross-Chain Interoperability Protocol: Uses a three-layer architecture to achieve data verification and asset transfer, combined with an anti-fraud network to ensure transaction security.

Application Scenarios
Mainly serves industries such as DeFi, insurance, and gaming. For example, in the Hong Kong e-HKD+ pilot, cross-chain exchange between CBDC and stablecoins was achieved.

Since 2017, Chainlink has been validating feasibility through collaborations with companies like Google and Oracle, and by 2025, it will continue to expand the range of data flows and blockchain support. It currently dominates the oracle field with no short-term alternatives.

Please follow me; I have been engaged in crypto investment research and trading for 12 years. I will continue to share the latest news and upcoming market targets in the crypto space in the square.

I will start a live stream at 10:30 to share market trends and analyze various coins. Everyone is welcome to come and support in the live broadcast room.

#美SEC批准流动性质押 #LINK #LINK🔥🔥🔥 #LINK. #ETH巨鲸增持 $LINK

$BTC

$ETH