ChainLink | Coin Review | Decentralized Oracle Network |
What is chainlink and how it plans on using existing data as middle ware!
As developers begin to implement their chosen smart contract, they encounter the connectivity problem; their smart contract is unable to connect with key external resources like off-chain data and APIs. This lack of external connectivity is due to the method by which consensus is reached around a blockchain's transaction data, and will therefore be a problem for every smart contract network.
ChainLink is secure blockchain middleware that allows smart contracts on various networks to connect with the critical resources they need to become useful for 90% of use cases. We've been creating secure oracles for Bitcoin and Ethereum for over 3 years, connecting smart contracts on various networks to critical external data feeds as triggers, and the many off-chain systems needed to become operational.
Our team is excited about making a world where smart contracts are securely connected to the off-chain data, APIs and widely accepted payments they need to work for 90% of real use cases.
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