#TradingPsychology Chainlink is a decentralized oracle network that aims to bridge the gap between smart contracts and real-world data. While blockchains are secure and reliable, they cannot access data outside their networks without help. Chainlink provides that service through its oracle system, feeding external data—like weather updates, market prices, or sports results—into smart contracts. This functionality is crucial for use cases in DeFi, insurance, and beyond. The LINK token is used to incentivize node operators and pay for data services. By enabling trustworthy data feeds, Chainlink helps smart contracts execute based on real-time events, increasing the overall potential and reliability of blockchain applications