chainlink explained Archives - Top Crypto Game https://topcryptogame.com/tag/chainlink-explained/ The latest crypto news! Fri, 02 Feb 2024 14:10:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png chainlink explained Archives - Top Crypto Game https://topcryptogame.com/tag/chainlink-explained/ 32 32 Chainlink and LINK Explained | 2 Minute Crypto https://topcryptogame.com/chainlink-and-link-explained-2-minute-crypto/ https://topcryptogame.com/chainlink-and-link-explained-2-minute-crypto/#respond Fri, 02 Feb 2024 14:10:12 +0000 https://topcryptogame.com/chainlink-and-link-explained-2-minute-crypto/ Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API. It aims to ensure that the external […]

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Chainlink is a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts. These DONs provide decentralized services such as Price Feeds, Proof of Reserve, Verifiable Randomness, Keepers, and the ability to connect to any web API.

It aims to ensure that the external information (pricing, weather data, event outcomes, etc.) and off-chain computations (randomness, transaction automation, fair ordering, etc.) fed to on-chain smart contracts are reliable and tamper-proof.

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