chainlink

what is CHAINLINK crypto:

The Chainlink network offers a solution to the age-old problem, garbage in, garbage out. Which means that an application can only produce high quality results with high-quality data. Chainlink provides decentralized applications with the definitive truth about the external world so they can trigger reliable real-world outcomes.

You have probably heard how blockchain-based smart contract applications will change the way the world exchanges value and facilitates agreements. But there is a problem.A blockchain’s security is derived from a

decentralized network of independent validators who purposefully limit their connection to the outside world.

To securely retrieve data from the outside world, smart contracts require an additional piece of infrastructure known as an oracle.The data that controls Smart contracts needs to

meet the highest possible standards because it will directly control billions and eventually trillions of dollars in value.

But what if you could leverage the same decentralized computation guarantees used to secure the blockchain, to securely retrieve and validate the data smart contracts require?

Chainlink:

Chainlink is a decentralized oracle network that provides smart contracts a tamper-proof, and highly available connection to all of the world’s highest quality data feeds. With chainlink, a smart contract can access data pertaining to:

Financial markets Cryptocurrency prices Weather Sports results IoT sensor readings and any other real world validated data needed. to enable more robust and useful blockchain-based applications.

Chainlink provides the definitive truth about the real world for high-value smart contract application for any blockchain network,

securely connecting the world’s existing infrastructure to the emerging blockchain infrastructure that aims to redefine it.

However, smart contracts have a drawback. They are not fully automated and therefore cannot execute their own functions based on predefined conditions or time.

This has forced developers to manually intervene at all hours, or worse,

build and maintain risky centralized infrastructure for DevOps automation that not only takes away precious development time but is also subject to failure or adversarial exploits.

Until now. Chainlink Keepers enables smart contracts to automate key functions and DevOps tasks in a highly reliable, decentralized, trust-minimized,

This could be based on time, events, a computation, or any combination. they issue on-chain transactions that trigger the smart contract’s function to execute.

This means that any individual developer, decentralized application, and DAO can leverage

WHAT IS CHAINLINK?

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