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Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.
Chainlink was designed to incentivize a global network of computers (or “nodes”) to provide accurate data to Chainlink’s oracles. There are many oracles operating today, including ones that provide price data across a wide range of assets, weather data, and location data.
LINK is the token used to pay for services on the network and to incentivize nodes to perform verifiably honest work and provide accurate data.
In order to become a node and start providing data to Chainlink oracles, holders must stake LINK tokens into a smart contract to act as an incentive against misbehaving or submitting false data to the network.
Released: November 2017
After unveiling a development and management proposal for the project last month, the shoyunft.com is now live. The post SushiSwap unveils website for its yet-to-launch Shoyu NFT platform appeared first on The Block.
With Chainlink oracles now live on Solana’s developer network, builders have access to reliable price data.
A Chainlink integration allows Fantom developers to gain access to a wide variety of new DeFi instruments.
U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow.
“This innovation is going to make it so that bridges can scale to secure billions,” said Chainlink founder Sergey Nazarov.
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