The word Oracle comes from Greek mythology. It refers to a person who communicates with gods, and they can see the vision of the future. In terms of blockchain, Oracle is a system that can answer external problems of Ethereum. Ideally, Oracle machines are trustless systems, which means they don’t need to rely on trust because they operate on a decentralized principle. ——From Gavin woodMastering Ethereum
Smartcontracts.com provides programmable contracts that, once certain conditions are met, can be paid between the two parties without involving intermediaries. In the blockchain, these contracts are guaranteed as “automatic execution contract status”, thus eliminating the risk that written contracts can only rely on other people’s integrity. ——From Davos ForumDeep Shift – Technology Tipping Points and Societal Impact
Chainlink not only provides secure, decentralized and tamper proof “blockchain middleware”, but also can easily access a variety of data input / output required by complex smart contracts. Chainlink greatly simplifies the process of smart contract security access to resources under the critical chain, thus speeding up the development of smart contract and increasing its functionality. ——From Sergey NazarovChainlink, An Overview And Our Focus
The emergence of smart contracts provides more uses for the blockchain – enabling users to set a series of conditions on the blockchain and conduct trustless transactions. However, for the application scenarios in the real world, the smart contract is still a certain distance from the actual application, because the smart contract on the blockchain cannot stably obtain a large range of external data. The emergence of chainlink will help smart contracts access key off chain resources.
Chainlink is a decentralized Oracle network, which enables smart contracts to access data sources, website APIs and traditional bank payments safely. Chainlink has always been selected as one of the top blockchain technologies by leading independent research companies such as Gartner. As we all know, it provides a highly secure and reliable Oracle for large enterprises (Swift) and leading smart contract development teams.
In the past few years, chainlink has joined the IC3 blockchain alliance, and has reached cooperative relationships with many data suppliers, blockchain agreements, decentralized financial service providers, DAPP projects and blockchain development tools to build a strong smart contract ecosystem. At the same time, mainstream media such as the Wall Street Journal, Forbes, American banker and MIT Technology Review began to face up to the role of chainlink in the blockchain field.
QQ group: 6135525
Telegram group: https://t.me/chainlinkoffice
We have reason to believe that in the near future, chainlink will play a crucial role in the tide of blockchain technology.
For more information, please visit the official website of chain link https://chain.link/
Cooperation contact: [email protected]