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link in the chain. One of the steps, stages, or points in a development, process, or series of events. This new tram line is but one link in the chain of our greater plan to update the city's public transportation system.
link in the chain meaning, definition, what is link in the chain: one of the stages involved in a process: Learn more.
link in the chain. One of the steps, stages, or points in a development, process, or series of events. This new tram line is but one link in the chain of our greater plan to update the city's public transportation system.
- How Blockchains Eliminate Counterparty Risk
- Problem: Smart Contracts Can Reintroduce Counterparty Risk
- SOLUTION: The Chainlink Decentralized Oracle Network
- Use Cases of Chainlink
- Additional Resources
To fully comprehend the importance of Chainlink, it’s critical to first understand the underlying value of blockchains and smart contracts. Generally, a blockchainis a decentralized network of computers that performs computation and stores data in a shared ledger. A blockchain differs from traditional, centralized computer systems in that: 1. No si...
The problem is that a smart contract requires data (e.g. flight departure information) to execute commands, but most of the data it needs to digitize and automate real-world agreements is not stored on blockchains. The smart contract cannot fetch external data either, because blockchains are like black boxes with no built-in ability to connect with...
Chainlink, a decentralized oracle network, was developed to allow smart contracts to automate the transfer of data between blockchains and outside systems in a highly secure and reliable manner. It uses a similar model to a blockchain in that there is a decentralized network of independent entities (oracles) that collectively retrieve data from mul...
By providing strong security and reliability guarantees on par with the blockchain, more advanced smart contracts are being created using Chainlink oracles. While we have already outlined 77 Smart Contract Use Cases Enabled By Chainlink, some of the main ones include:
If you are new to blockchain technology and want to dive deeper, we recommend reading the following educational series in order: 1. What Is a Blockchain? 2. What Is a Smart Contract? 3. What Are Data and APIs? 4. What Is the Oracle Problem? 5. What Are Chainlink Node Operators? 6. Hybrid Smart Contracts Explained If you want something more technica...
12 de may. de 2011 · English: a link in a chain. (though the word shackle is etymologically related with schakel in Dutch - but only referred to an impediment on an animal's foot, now to an old metal fastening for prisoners...) German: ein Glied in einer Kette. (maybe something like a joint...)
3 de dic. de 2023 · Chainlink is a decentralized oracle network that connects blockchains with off-chain data. Chainlink uses hybrid smart contracts to integrate on-chain code and off-chain data infrastructure.
27 de may. de 2024 · Chainlink is a decentralized oracle network that looks to bridge the gap between blockchain-based smart contracts and real-world data.
