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 - 2 years ago

How does USDT or Chainlink bridging work?

I understand how wrapping works, like wrapped BTC: you just store it in a vault on its original blockchain through a counterparty and then that counterparty mints a wrapped token designed to be a representation of that token on a desired blockchain w...