The Bridge Between Smart Contracts and Real-World Data

Chainlink, launched in 2017 by Sergey Nazarov and Steve Ellis, aims to solve the problem of data connectivity in smart contracts. Smart contracts, while powerful, are unable to access data outside the blockchain. Chainlink's native token, LINK, is an essential component of the Chainlink decentralized oracle network, serving as a utility token for accessing and using oracle services. LINK tokens are used to incentivize node operators, secure the network, and ensure the integrity and reliability of data feeds. With its critical role in bridging smart contracts with off-chain data, LINK has become a valuable asset in the decentralized finance (DeFi) ecosystem.

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