What Is Chainlink?
Chainlink is a general-purpose framework for building decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs.
Each decentralized oracle network consists of a collection of independent node operators, a method for aggregating data, and pre-made “Chainlinks” (also called external adaptor) that act as middleware to give you access to any API you want to leverage for data and/or external services.
Chainlink currently provides decentralization at both the oracle and data source level. By using multiple independent nodes, the user can protect against one oracle being a single point of failure. Similarly, using multiple data sources for sourcing market prices, the user can protect against one data source being a single source of truth. Both of these ensure that the oracle mechanism triggering your important smart contract is as secure and reliable as the underlying blockchain.
You can use Chain link to connect to data providers, web APIs, enterprise systems, cloud providers, IoT devices, payment systems, other blockchains, and much more.
Quick Fact About Chainlink
| Coin Basic | Information |
|---|---|
| DEFI Coin Name | Chainlink ( LNK ) |
| Circulating Supply | 350,000,000 LINK |
| Total Supply | 1,000,000,000 LINK |
| Contract Address | 0x514910771af9ca656af840dff83e8264ecf986ca |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To Visit |
| Telegram Group | Click Here To Visit Telegram Group |
| Documentation | Click Here To View |
| Project Location | Strathvale House, 90 North Church Street, George Town, KY1-1102, Grand Cayman, Cayman Islands |
| Official Project Website | Click Here To Visit Project Website |
Chainlink Defi Features
Centralized oracles are a point of failure.
Connecting smart contracts to data inputs through a single node creates the same problem that smart contracts themselves seek to avoid, a single point of failure. With a single oracle node, your smart contract is only as reliable as that one node.
The solution:a highly reliable decentralized oracle network.
Chainlink’s decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple to evaluate the same data before it becomes a trigger, we eliminate any one point of failure and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.
Where You Can Trade ChainLink
Chainlink Is Almost Available On All Popular Cryptocurrency Trading Platform . Visit Our Coin Marketcap Page To See All Available Exchange Where ChainLink Available For Trade
ChainLink Team
Ari Juels
Technical Advisor
Ari is a professor of computer science in the Jacobs Institute at Cornell Tech and a co-director of IC3 (Initiative for Cryptocurrencies and Contracts). He was previously the chief scientist of RSA.
Andrew Miller
Technical Advisor
Andrew is a well known leader in decentralized consensus research and secure blockchain infrastructure. He’s an associate professor of computer science at the University of Illinois and an advisor to both Zcash and Tezos.
Brian Lio
Advisor
Brian is the CEO of Smith+Crown, a widely accepted leader in blockchain research. Providing in-depth analysis of both ongoing token sales and the larger evolution of decentralized technology over the past 2 years.
ChainLink Video
Frequently Asked Questions About Chainlink
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