What is Chainlink? Chainlink is a decentralized oracle network that feeds a stream of data to smart contracts running on several blockchains. Its goal is to make smart contracts even more powerful by allowing them to use variable data from other sources.
The blockchain’s inability to retrieve trustworthy information from the real world was meant to be solved by this oracle network, which was expected to tackle one of the main obstacles to the practical implementation of smart contracts. Watch this video and take a glimpse into Chainlink’s future!
Links Mentioned:
Chainlink’s website – https://chain.link/
Explore LINK – https://www.coingecko.com/en/coins/chainlink
Timestamps:
00:00 The birth of Chainlink
00:55 What is Chainlink?
03:08 How does Chainlink work?
05:03 Chainlink nodes
06:30 The future of Chainlink
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