
Chainlink is a decentralized blockchain oracle network that allows data to be transferred between off-chain sources and on-chain smart contracts. It\\'s used in the cryptocurrency industry and Web3.
How it works
Data sources
Data is sourced from off-chain sources, such as exchanges or bank statements
Node operators
Node operators retrieve data from off-chain sources and put it into a format that smart contracts can use
Smart contracts
Smart contracts receive new information from the Chainlink Network and verify and aggregate answers from each oracle
What it\\'s used for
Connecting existing systems to any public or private blockchain
Enabling secure cross-chain communication
Providing developers with documentation, tutorials, and workshops
Features
Open-source: Anyone can view the project\\'s code and contribute
Decentralized: It\\'s a decentralized computing platform
Reliable: It\\'s known for its reliability and data accuracy
What makes it valuable?
It\\'s a battle-tested project that has survived multiple market turmoils
It\\'s one of the most decentralized oracle networks
Keywords
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connecting existing systems