ChainLink: blockchain technology

ChainLink is a blockchain project that creates special effect.

It aims to connect blockchain to an off-chain infrastructure. The project intends to bridge the gap between blockchain infrastructure and non-blockchain infrastructure, giving smart contracts access to data feeds, APIs, and payments.

And also, ChainLink is basically a decentralized oracle network.

An oracle is an “agent” that finds and verifies real-world data and brings this data to the blockchain to be used in smart contracts. Existing oracles are centralized and have a single point of failure, whereas a decentralized oracle would be without a single point of failure. This is what ChainLink is designed to achieve.

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