Jade
Ad
related to: Chain LinkStep 1: Enter Your Zip Code. Step 2: Find Up To Four Local Pros.
Search results
People also ask
What is chainlink & how does it work?
What is a chainlink network?
What is a chainlink Oracle Network?
What is the chainlink ecosystem?
Jun 17, 2024 · Chainlink is a decentralized platform that connects existing systems to any public or private blockchain and enables secure cross-chain communication. It provides data, computation, automation, and randomness services for DeFi, NFTs, and other Web3 applications.
The live Chainlink price today is $14.07 USD with a 24-hour trading volume of $323,241,246.40 USD. We update our LINK to USD price in real-time.
- (3)
- Founded in 2017, Chainlink is a [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) abstraction layer that enables universally c...
- [Sergey Nazarov](https://www.linkedin.com/in/sergeydnazarov/) is a co-founder and CEO at Chainlink Labs. He graduated with a degree in business adm...
- Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is on...
- At present, Chainlink has been criticized for its dependence on a limited number of trusted nodes despite its efforts to be as decentralized as pos...
- During the initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) for LINK in September 2017, Chain...
- As an [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token, Chainl...
- Chainlink and the LINK token are among the most popular cryptocurrencies on the market. Considering this, a lot of exchanges have pushed to start o...
- How Blockchains Eliminate Counterparty Risk
- Problem: Smart Contracts Can Reintroduce Counterparty Risk
- SOLUTION: The Chainlink Decentralized Oracle Network
- Use Cases of Chainlink
- Additional Resources
- GeneratedCaptionsTabForHeroSec
To fully comprehend the importance of Chainlink, it’s critical to first understand the underlying value of blockchains and smart contracts. Generally, a blockchainis a decentralized network of computers that performs computation and stores data in a shared ledger. A blockchain differs from traditional, centralized computer systems in that: 1. No si...
The problem is that a smart contract requires data (e.g. flight departure information) to execute commands, but most of the data it needs to digitize and automate real-world agreements is not stored on blockchains. The smart contract cannot fetch external data either, because blockchains are like black boxes with no built-in ability to connect with...
Chainlink, a decentralized oracle network, was developed to allow smart contracts to automate the transfer of data between blockchains and outside systems in a highly secure and reliable manner. It uses a similar model to a blockchain in that there is a decentralized network of independent entities (oracles) that collectively retrieve data from mul...
By providing strong security and reliability guarantees on par with the blockchain, more advanced smart contracts are being created using Chainlink oracles. While we have already outlined 77 Smart Contract Use Cases Enabled By Chainlink, some of the main ones include:
If you are new to blockchain technology and want to dive deeper, we recommend reading the following educational series in order: 1. What Is a Blockchain? 2. What Is a Smart Contract? 3. What Are Data and APIs? 4. What Is the Oracle Problem? 5. What Are Chainlink Node Operators? 6. Hybrid Smart Contracts Explained If you want something more technica...
Chainlink is a decentralized oracle network that enables smart contracts to access real-world data and off-chain computation across any blockchain. Learn how Chainlink solves the oracle problem and unlocks the full potential of blockchain applications.
Chainlink's decentralized oracle network is an open-source technology infrastructure that allows any blockchain to securely connect to off-chain data and computation resources. The network nodes fetch, validate, and deliver data from multiple sources onto blockchains to execute smart contracts.
Get the latest ChainLink (LINK / USD) real-time quote, historical performance, charts, and other cryptocurrency information to help you make more informed trading and investment decisions.
Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain.
Learn what Chainlink is, how it enables smart contracts to access real-world data and offchain computation, and how it secures billions of dollars across various industries and blockchains. Find answers to common questions about oracles, decentralized oracle networks, node operators, and more.
