Chainlink


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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More / Etherum Reddit - 1 month ago

Chainlink Oracles: how do they work?

Like oracles in mythology that promised knowledge and prophecy to help seekers, Oracles in Web 3.0 also serve as a reliable external source of information. That’s why they meet three main criteria: Integrity, Availability and Confidentiality. The dec...