Chainlink - Page 11

Chainlink is a decentralized oracle network that enables smart contracts on blockchain platforms to securely access off-chain data, APIs, and payment systems. It acts as a bridge between blockchain environments and real-world data, allowing smart contracts to react to external events and information that are outside their native ecosystems. By providing reliable and tamper-proof inputs and outputs, Chainlink enhances the functionality and usability of smart contracts, thus facilitating a broader range of applications in areas like decentralized finance (DeFi), insurance, and various forms of digital agreements. Chainlink utilizes a network of nodes to gather data, ensuring that the information provided to smart contracts is accurate and trustworthy.