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Chainlink and LINK Explained | 2 Minute Crypto
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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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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
#chainlink #link #oracle
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.
🚀 FREE CRYPTO PROJECT EVALUATION CHECKLIST 🚀
This resource includes the full 50 checklist items we use for our due own diligence process for any crypto project, at any stage. You can use this to help you when you’re doing your own research.
🔔 🔔 🔔 SUBSCRIBE 🔔 🔔 🔔
Like, Subscribe and Hit the Notification Bell.
It helps us to keep producing these videos for you!
🔥 🔥 🔥 FOLLOW US HERE 🔥 🔥 🔥
➖ PARTNER LINKS ➖
Cryptocurrency And Bitcoin Visa Card - GET $25 FREE ON
Trade On Binance!
CRYPTOCURRENCY MARKET PRICES AND DATA
🔺 NOTE If you use the above referral links, we receive a commission at no additional cost to you.
➖ DISCLAIMER ➖
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
#chainlink #link #oracle
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